Is it safe?
Can PRGS take a bad year?
Progress Software Corporation carries $1.19B of net debt at 4.77× EBITDA: a heavy load to carry through a bad year.
$1.19B
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 4.77×
Net debt / EBITDA · 5.18× a year ago · the load is coming down
- Altman Z-score
- 0.86
Altman Z-score · distress zone, below 1.8
- Interest cover
- 2.66×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ2 2026
- $1.29B
- Cash and short-term investments
- $103M
- Net debt
- $1.19B
- EBITDA, trailing twelve months
- $249M
- Operating profit, trailing twelve months
- $174M
- Debt / equity
- 2.55×
- Total debt / EBITDA
- 5.18×
- Annualised volatilitytwo years of daily moves
- 46%
- Worst drawdown on file
- −64%
- Below its 52-week high
- −7.1%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Software - Infrastructure
Ranks #30 of 78 by Smart Score