Is it safe?
Can TXNM take a bad year?
TXNM Energy, Inc. carries $5.18B of net debt at 5.73× EBITDA: a heavy load to carry through a bad year.
$5.18B
Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 5.73×
Net debt / EBITDA · 6.25× a year ago · the load is coming down
- Altman Z-score
- 0.80
Altman Z-score · distress zone, below 1.8
- Cash runway
- 0.9 years
Cash runway · burning $142M a quarter at the current rate
Details›
- Total debtQ1 2026
- $5.68B
- Cash and short-term investments
- $500M
- Net debt
- $5.18B
- EBITDA, trailing twelve months
- $904M
- Operating profit, trailing twelve months
- $446M
- Debt / equity
- 1.64×
- Total debt / EBITDA
- 6.28×
- Annualised volatilitytwo years of daily moves
- 15%
- Worst drawdown on file
- −46%
- Below its 52-week high
- −3.3%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Utilities - Regulated Electric
Ranks #37 of 37 by Smart Score