SUZSuzano S.A.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (BBB) and typical volatility.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -65% · now 25% 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 SUZ take a bad year?
Suzano S.A. carries $79.6B of net debt at 3.63× EBITDA: a load its earnings can carry.
Net debt · as at Q4 2025 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.63×
Net debt / EBITDA · 3.71× a year ago · the load is coming down
- Interest cover
- 1.55×
Interest cover · operating profit barely covers the interest bill
- Annualised volatility
- 27%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ4 2025
- $94.8B
- Cash and short-term investments
- $15.2B
- Net debt
- $79.6B
- EBITDA, trailing twelve months
- $21.9B
- Operating profit, trailing twelve months
- $10.6B
- Debt / equity
- 2.16×
- Total debt / EBITDA
- 4.32×
- Annualised volatilitytwo years of daily moves
- 27%
- Worst drawdown on file
- −65%
- Below its 52-week high
- 25%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Basic Materials
Ranks #30 of 179 by RyuScore