Is it safe?
Can TNC take a bad year?
Tennant Company carries $276M of net debt at 3.30× EBITDA: a load its earnings can carry.
$276M
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.30×
Net debt / EBITDA · 1.07× a year ago · the load is going up
- Altman Z-score
- 3.51
Altman Z-score · safe zone, above 3
- Debt / equity
- 0.68×
Debt / equity
Details›
- Total debtQ1 2026
- $359M
- Cash and short-term investments
- $83M
- Net debt
- $276M
- EBITDA, trailing twelve months
- $84M
- Operating profit, trailing twelve months
- $54M
- Debt / equity
- 0.68×
- Total debt / EBITDA
- 4.29×
- Annualised volatilitytwo years of daily moves
- 34%
- Worst drawdown on file
- −49%
- Below its 52-week high
- −23%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Specialty Industrial Machinery
Ranks #43 of 44 by Smart Score