TAPMolson Coors Beverage Company
Is it safe?
Nothing alarming, nothing pristine: heavy debt (CCC) and typical volatility.
Debt against weak or negative operating profit. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -68% · now 30% 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 TAP take a bad year?
The deepest fall in TAP's price history on file is −68%; it is 30% below its high today.
Net debt · as at Q2 2026 · debt less the cash on hand, with no positive EBITDA to service it
- Interest cover
- none
Interest cover · no operating profit to pay the interest bill from
- Annualised volatility
- 27%
Annualised volatility · about as steady as the market itself
- Worst drawdown on file
- −68%
Worst drawdown on file · −30% today
Details›
- Total debtQ2 2026
- $7.71B
- Cash and short-term investments
- $2.13B
- Net debt
- $5.58B
- EBITDA, trailing twelve months
- −$1.78B
- Operating profit, trailing twelve months
- −$2.52B
- Debt / equity
- 0.76×
- Annualised volatilitytwo years of daily moves
- 27%
- Worst drawdown on file
- −68%
- Below its 52-week high
- 30%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.