SBHSally Beauty Holdings, Inc.

$16.57

Is it safe?

Can SBH take a bad year?

Sally Beauty Holdings, Inc. carries $670M of net debt at 1.76× EBITDA: a load its earnings can carry.

$670M

Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
1.76×

Net debt / EBITDA · 2.03× a year ago · the load is coming down

Altman Z-score
2.80

Altman Z-score · grey zone, between 1.8 and 3

Interest cover
5.15×

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

Details
Total debtQ2 2026
$827M
Cash and short-term investments
$157M
Net debt
$670M
EBITDA, trailing twelve months
$380M
Operating profit, trailing twelve months
$306M
Debt / equity
0.99×
Total debt / EBITDA
2.18×
Annualised volatilitytwo years of daily moves
50%
Worst drawdown on file
−78%
Below its 52-week high
−2.5%

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