VIAVViavi Solutions Inc.

$38.78

Is it safe?

Can VIAV take a bad year?

Viavi Solutions Inc. carries $336M of net debt at 3.64× EBITDA: a load its earnings can carry.

$336M

Net debt · as at Q3 2026 · between two and four years of EBITDA, normal for a stable business

Net debt / EBITDA
3.64×

Net debt / EBITDA · −0.01× a year ago · the load is going up

Altman Z-score
-41.92

Altman Z-score · distress zone, below 1.8

Interest cover
1.33×

Interest cover · operating profit barely covers the interest bill

Details
Total debtQ3 2026
$836M
Cash and short-term investments
$501M
Net debt
$336M
EBITDA, trailing twelve months
$92M
Operating profit, trailing twelve months
$59M
Debt / equity
0.99×
Total debt / EBITDA
9.07×
Annualised volatilitytwo years of daily moves
59%
Worst drawdown on file
−63%
Below its 52-week high
−30%

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