TLXTelix Pharmaceuticals Limited

$11.13

Is it safe?

Can TLX take a bad year?

Telix Pharmaceuticals Limited carries $263M of net debt at 5.13× EBITDA: a heavy load to carry through a bad year.

$263M

Net debt · as at FY2025 · over four years of earnings before interest, tax and depreciation, heavy

Net debt / EBITDA
5.13×

Net debt / EBITDA · −1.44× a year ago · the load is going up

Cash runway
3.3 years

Cash runway · burning $11M a quarter at the current rate

Annualised volatility
57%

Annualised volatility · roughly twice as jumpy as the market

Details
Total debtFY2025
$405M
Cash and short-term investments
$142M
Net debt
$263M
EBITDA, trailing twelve months
$51M
Operating profit, trailing twelve months
$30M
Debt / equity
0.97×
Total debt / EBITDA
7.90×
Annualised volatilitytwo years of daily moves
57%
Worst drawdown on file
−69%
Below its 52-week high
−11%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.