Is it safe?
Can PZZA take a bad year?
Papa John's International, Inc. carries $696M of net debt at 3.92× EBITDA: a load its earnings can carry.
$696M
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.92×
Net debt / EBITDA · 3.22× a year ago · the load is going up
- Altman Z-score
- 3.64
Altman Z-score · safe zone, above 3
- Annualised volatility
- 53%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ1 2026
- $735M
- Cash and short-term investments
- $39M
- Net debt
- $696M
- EBITDA, trailing twelve months
- $178M
- Operating profit, trailing twelve months
- $86M
- Total debt / EBITDA
- 4.14×
- Annualised volatilitytwo years of daily moves
- 53%
- Worst drawdown on file
- −81%
- Below its 52-week high
- −56%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.