SOLVSolventum
Is it safe?
Solid, nothing alarming. Safe balance sheet, some accounting flags, quality moderate.
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Some accounting flags, worth a closer look Beneish M-score, a forensic model that detects earnings-manipulation patterns (receivables outrunning sales, margins slipping, accrual-heavy profit).
Mixed fundamental signals Piotroski F-score, nine pass/fail tests of year-over-year financial health across profitability, balance sheet and efficiency. 7 to 9 is strong, 0 to 3 weak.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -40% · now 5% below its 52-week high.
Unless marked, from SEC EDGAR, as of Dec 31, 2025.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
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 SOLV take a bad year?
Solventum carries $4.68B of net debt at 1.95× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.95×
Net debt / EBITDA · 6.47× a year ago · the load is coming down
- Altman Z-score
- 2.18
Altman Z-score · grey zone, between 1.8 and 3
- Cash runway
- 3.4 years
Cash runway · burning $30M a quarter at the current rate
Details›
- Total debtQ2 2026
- $5.08B
- Cash and short-term investments
- $403M
- Net debt
- $4.68B
- EBITDA, trailing twelve months
- $2.40B
- Operating profit, trailing twelve months
- $2.08B
- Debt / equity
- 1.06×
- Total debt / EBITDA
- 2.12×
- Annualised volatilitytwo years of daily moves
- 30%
- Worst drawdown on file
- −40%
- Below its 52-week high
- 5.4%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Medical Instruments & Supplies
The closest names by size in the same industry