TXNMTXNM Energy, Inc.
Is it safe?
Elevated bankruptcy risk: a balance sheet under strain. Everything else is secondary until this clears.
Elevated financial-distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Relatively steady, low volatility. Worst drawdown -46% · now at/near its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
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 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.
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
- 1.5%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.