Is it safe?
Can PLNT take a bad year?
Planet Fitness, Inc. carries $2.15B of net debt at 3.61× EBITDA: a load its earnings can carry.
$2.15B
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.61×
Net debt / EBITDA · 3.37× a year ago · the load is going up
- Altman Z-score
- 1.17
Altman Z-score · distress zone, below 1.8
- Interest cover
- 3.56×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ2 2026
- $2.55B
- Cash and short-term investments
- $401M
- Net debt
- $2.15B
- EBITDA, trailing twelve months
- $595M
- Operating profit, trailing twelve months
- $436M
- Total debt / EBITDA
- 4.28×
- Annualised volatilitytwo years of daily moves
- 40%
- Worst drawdown on file
- −69%
- Below its 52-week high
- −52%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.