Is it safe?
Can TRNO take a bad year?
Terreno Realty Corporation carries $854M of net debt at 2.64× EBITDA: a load its earnings can carry.
$854M
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.64×
Net debt / EBITDA · 2.27× a year ago · the load is going up
- Interest cover
- 5.89×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 25%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ1 2026
- $942M
- Cash and short-term investments
- $88M
- Net debt
- $854M
- EBITDA, trailing twelve months
- $324M
- Operating profit, trailing twelve months
- $200M
- Debt / equity
- 0.22×
- Total debt / EBITDA
- 2.91×
- Annualised volatilitytwo years of daily moves
- 25%
- 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.