SWIMLatham Group, Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -94% · now 24% 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 SWIM take a bad year?
Latham Group, Inc. carries $236M of net debt at 3.36× 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
- 3.36×
Net debt / EBITDA · 4.32× a year ago · the load is coming down
- Interest cover
- 1.27×
Interest cover · operating profit barely covers the interest bill
- Annualised volatility
- 63%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $280M
- Cash and short-term investments
- $43M
- Net debt
- $236M
- EBITDA, trailing twelve months
- $70M
- Operating profit, trailing twelve months
- $29M
- Debt / equity
- 0.68×
- Total debt / EBITDA
- 3.98×
- Annualised volatilitytwo years of daily moves
- 63%
- Worst drawdown on file
- −94%
- Below its 52-week high
- 24%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Building Products & Equipment
Ranks #13 of 19 by RyuScore