RELXRELX PLC

$35.34

Is it safe?

Can RELX take a bad year?

RELX PLC carries $7.14B of net debt at 1.89× EBITDA: a load its earnings can carry.

$7.14B

Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
1.89×

Net debt / EBITDA · 1.76× a year ago · the load is going up

Interest cover
10.2×

Interest cover · operating profit covers the interest bill several times over

Annualised volatility
28%

Annualised volatility · about as steady as the market itself

Details
Total debtFY2025
$7.27B
Cash and short-term investments
$131M
Net debt
$7.14B
EBITDA, trailing twelve months
$3.78B
Operating profit, trailing twelve months
$3.03B
Debt / equity
3.07×
Total debt / EBITDA
1.92×
Annualised volatilitytwo years of daily moves
28%
Worst drawdown on file
−50%
Below its 52-week high
−26%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.