SHENShenandoah Telecommunications Company
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and typical volatility.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -74% · now 33% 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 SHEN take a bad year?
Shenandoah Telecommunications Company carries $650M of net debt at 6.04× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 6.04×
Net debt / EBITDA · 5.50× a year ago · the load is going up
- Cash runway
- 0.2 years
Cash runway · burning $62M a quarter at the current rate
- Annualised volatility
- 43%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ1 2026
- $694M
- Cash and short-term investments
- $44M
- Net debt
- $650M
- EBITDA, trailing twelve months
- $108M
- Operating profit, trailing twelve months
- −$28M
- Debt / equity
- 0.80×
- Total debt / EBITDA
- 6.45×
- Annualised volatilitytwo years of daily moves
- 43%
- Worst drawdown on file
- −74%
- Below its 52-week high
- 33%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.