SOBOSouth Bow Corporation

$37.85

Is it safe?

Can SOBO take a bad year?

South Bow Corporation carries $5.26B of net debt at 8.10× EBITDA: a heavy load to carry through a bad year.

$5.26B

Net debt · as at FY2025 · over four years of earnings before interest, tax and depreciation, heavy

Net debt / EBITDA
8.10×

Net debt / EBITDA

Interest cover
1.21×

Interest cover · operating profit barely covers the interest bill

Annualised volatility
28%

Annualised volatility · about as steady as the market itself

Details
Total debtFY2025
$5.81B
Cash and short-term investments
$549M
Net debt
$5.26B
EBITDA, trailing twelve months
$649M
Operating profit, trailing twelve months
$402M
Debt / equity
2.14×
Total debt / EBITDA
8.95×
Annualised volatilitytwo years of daily moves
28%
Worst drawdown on file
−19%
Below its 52-week high
−2.2%

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