SMPStandard Motor Products, Inc.
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 -56% · now 17% 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 SMP take a bad year?
Standard Motor Products, Inc. carries $545M of net debt at 2.73× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.73×
Net debt / EBITDA · 4.02× a year ago · the load is coming down
- Interest cover
- 5.08×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 35%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $623M
- Cash and short-term investments
- $79M
- Net debt
- $545M
- EBITDA, trailing twelve months
- $200M
- Operating profit, trailing twelve months
- $154M
- Debt / equity
- 0.87×
- Total debt / EBITDA
- 3.12×
- Annualised volatilitytwo years of daily moves
- 35%
- Worst drawdown on file
- −56%
- Below its 52-week high
- 17%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.