TRIThomson Reuters Corporation

$102.45

Is it safe?

Can TRI take a bad year?

Thomson Reuters Corporation carries $1.11B of net debt at 0.54× EBITDA: a load its earnings can carry.

$1.11B

Net debt · as at Q2 2025 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
0.54×

Net debt / EBITDA · 1.15× a year ago · the load is coming down

Interest cover
14.7×

Interest cover · operating profit covers the interest bill several times over

Annualised volatility
38%

Annualised volatility · roughly twice as jumpy as the market

Details
Total debtQ2 2025
$1.84B
Cash and short-term investments
$727M
Net debt
$1.11B
EBITDA, trailing twelve months
$2.08B
Operating profit, trailing twelve months
$1.97B
Debt / equity
0.15×
Total debt / EBITDA
0.88×
Annualised volatilitytwo years of daily moves
38%
Worst drawdown on file
−63%
Below its 52-week high
−41%

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