TSATTelesat Corporation
Is it safe?
Caution warranted: heavy debt (CCC) and big price swings.
Debt against weak or negative operating profit. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -89% · now 25% 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 TSAT take a bad year?
The deepest fall in TSAT's price history on file is −89%; it is 25% below its high today.
Net debt · as at Q4 2025 · debt less the cash on hand, with no positive EBITDA to service it
- Interest cover
- none
Interest cover · no operating profit to pay the interest bill from
- Annualised volatility
- 83%
Annualised volatility · three times the market's own swing
- Worst drawdown on file
- −89%
Worst drawdown on file · −25% today
Details›
- Total debtQ4 2025
- $3.49B
- Cash and short-term investments
- $510M
- Net debt
- $2.98B
- EBITDA, trailing twelve months
- −$199M
- Operating profit, trailing twelve months
- −$304M
- Debt / equity
- 6.58×
- Annualised volatilitytwo years of daily moves
- 83%
- Worst drawdown on file
- −89%
- Below its 52-week high
- 25%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Communication Equipment
Ranks #12 of 20 by RyuScore