PKXPOSCO Holdings Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (AA) and typical volatility.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -71% · now 37% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can PKX take a bad year?
POSCO Holdings Inc. carries $10.73T of net debt at 1.97× EBITDA: a load its earnings can carry.
Net debt · as at FY2024 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.97×
Net debt / EBITDA · 1.20× a year ago · the load is going up
- Cash runway
- 5+ years
Cash runway · burning $251.5B a quarter at the current rate
- Annualised volatility
- 41%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2024
- $26.00T
- Cash and short-term investments
- $15.27T
- Net debt
- $10.73T
- EBITDA, trailing twelve months
- $5.44T
- Operating profit, trailing twelve months
- $1.45T
- Debt / equity
- 0.47×
- Total debt / EBITDA
- 4.78×
- Annualised volatilitytwo years of daily moves
- 41%
- Worst drawdown on file
- −71%
- Below its 52-week high
- 37%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.