TRNSTranscat, Inc.
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -64% · now 12% 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 TRNS take a bad year?
Transcat, Inc. carries $104M of net debt at 2.65× EBITDA: a load its earnings can carry.
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.65×
Net debt / EBITDA · 0.85× a year ago · the load is going up
- Interest cover
- 2.05×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 48%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ1 2026
- $110M
- Cash and short-term investments
- $6.7M
- Net debt
- $104M
- EBITDA, trailing twelve months
- $39M
- Operating profit, trailing twelve months
- $12M
- Debt / equity
- 0.36×
- Total debt / EBITDA
- 2.82×
- Annualised volatilitytwo years of daily moves
- 48%
- Worst drawdown on file
- −64%
- Below its 52-week high
- 12%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Specialty Business Services
Ranks #19 of 22 by RyuScore