TXTernium S.A.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (AA) and typical volatility.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -75% · now at/near 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 TX take a bad year?
Ternium S.A. carries $1.16B of net debt at 0.78× EBITDA: a load its earnings can carry.
Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.78×
Net debt / EBITDA · 0.40× a year ago · the load is going up
- Cash runway
- 5+ years
Cash runway · burning $86M a quarter at the current rate
- Annualised volatility
- 31%
Annualised volatility · about as steady as the market itself
Details›
- Total debtFY2025
- $3.02B
- Cash and short-term investments
- $1.86B
- Net debt
- $1.16B
- EBITDA, trailing twelve months
- $1.49B
- Operating profit, trailing twelve months
- $705M
- Debt / equity
- 0.25×
- Total debt / EBITDA
- 2.02×
- Annualised volatilitytwo years of daily moves
- 31%
- Worst drawdown on file
- −75%
- Below its 52-week high
- 0.00%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.