RYAMRayonier Advanced Materials Inc.
Is it safe?
Caution warranted: heavy debt (B) and big price swings.
Highly leveraged, watch solvency. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -96% · now 41% 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 RYAM take a bad year?
Rayonier Advanced Materials Inc. carries $718M of net debt at 8.36× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 8.36×
Net debt / EBITDA · 6.10× a year ago · the load is going up
- Interest cover
- none
Interest cover · no operating profit to pay the interest bill from
- Annualised volatility
- 64%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $775M
- Cash and short-term investments
- $57M
- Net debt
- $718M
- EBITDA, trailing twelve months
- $86M
- Operating profit, trailing twelve months
- −$51M
- Debt / equity
- 3.98×
- Total debt / EBITDA
- 9.03×
- Annualised volatilitytwo years of daily moves
- 64%
- Worst drawdown on file
- −96%
- Below its 52-week high
- 41%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.