SWXSouthwest Gas Holdings, Inc.
Is it safe?
Nothing alarming, nothing pristine: insiders quiet, comfortable debt (A), and steady price behavior.
Insiders were net sellers (-$205K, 90 days to Oct 8, 2026), selling is often routine.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Relatively steady, low volatility. Worst drawdown -42% · now 10% below its 52-week high.
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 SWX take a bad year?
Southwest Gas Holdings, Inc. carries $3.24B of net debt at 3.83× 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
- 3.83×
Net debt / EBITDA · 5.64× a year ago · the load is coming down
- Cash runway
- 0.5 years
Cash runway · burning $132M a quarter at the current rate
- Annualised volatility
- 21%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $3.51B
- Cash and short-term investments
- $271M
- Net debt
- $3.24B
- EBITDA, trailing twelve months
- $845M
- Operating profit, trailing twelve months
- $499M
- Debt / equity
- 0.85×
- Total debt / EBITDA
- 4.15×
- Annualised volatilitytwo years of daily moves
- 21%
- Worst drawdown on file
- −42%
- Below its 52-week high
- 9.9%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Utilities, Regulated Gas
Ranks #10 of 11 by RyuScore