TROXTronox Holdings plc

$5.47

Is it safe?

Can TROX take a bad year?

Tronox Holdings plc carries $3.17B of net debt at 88.1× EBITDA: a heavy load to carry through a bad year.

$3.17B

Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy

Net debt / EBITDA
88.1×

Net debt / EBITDA · 7.69× a year ago · the load is going up

Altman Z-score
0.74

Altman Z-score · distress zone, below 1.8

Cash runway
0.5 years

Cash runway · burning $69M a quarter at the current rate

Details
Total debtQ1 2026
$3.30B
Cash and short-term investments
$126M
Net debt
$3.17B
EBITDA, trailing twelve months
$36M
Operating profit, trailing twelve months
−$233M
Debt / equity
2.56×
Total debt / EBITDA
91.6×
Annualised volatilitytwo years of daily moves
78%
Worst drawdown on file
−87%
Below its 52-week high
−48%

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