Is it safe?
Can T take a bad year?
AT&T carries $126.4B of net debt at 2.75× EBITDA: a load its earnings can carry.
$126.4B
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.75×
Net debt / EBITDA · 3.00× a year ago · the load is coming down
- Altman Z-score
- 0.85
Altman Z-score · distress zone, below 1.8
- Interest cover
- 3.56×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ2 2026
- $144.0B
- Cash and short-term investments
- $17.6B
- Net debt
- $126.4B
- EBITDA, trailing twelve months
- $46.0B
- Operating profit, trailing twelve months
- $25.6B
- Debt / equity
- 1.14×
- Total debt / EBITDA
- 3.13×
- Annualised volatilitytwo years of daily moves
- 24%
- Worst drawdown on file
- −39%
- Below its 52-week high
- −10%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.