Is it safe?
Can SID take a bad year?
Companhia Siderúrgica Nacional carries $33.6B of net debt at 4.17× EBITDA: a heavy load to carry through a bad year.
$33.6B
Net debt · as at FY2024 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 4.17×
Net debt / EBITDA · 3.19× a year ago · the load is going up
- Interest cover
- 0.59×
Interest cover · operating profit barely covers the interest bill
- Annualised volatility
- 57%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2024
- $56.9B
- Cash and short-term investments
- $23.3B
- Net debt
- $33.6B
- EBITDA, trailing twelve months
- $8.06B
- Operating profit, trailing twelve months
- $4.27B
- Debt / equity
- 4.64×
- Total debt / EBITDA
- 7.06×
- Annualised volatilitytwo years of daily moves
- 57%
- Worst drawdown on file
- −87%
- Below its 52-week high
- −51%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.