SNNSmith & Nephew plc
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 -55% · now 26% 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 SNN take a bad year?
The deepest fall in SNN's price history on file is −55%; it is 26% below its high today.
Net debt · as at FY2025 · debt less the cash on hand
- Interest cover
- 5.67×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 29%
Annualised volatility · about as steady as the market itself
- Worst drawdown on file
- −55%
Worst drawdown on file · −26% today
Details›
- Total debtFY2025
- $3.19B
- Cash and short-term investments
- $557M
- Net debt
- $2.64B
- Operating profit, trailing twelve months
- $794M
- Debt / equity
- 0.60×
- Annualised volatilitytwo years of daily moves
- 29%
- Worst drawdown on file
- −55%
- Below its 52-week high
- 26%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.