Is it safe?
Can WAB take a bad year?
Wabtec carries $5.90B of net debt at 2.35× EBITDA: a load its earnings can carry.
$5.90B
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.35×
Net debt / EBITDA · 1.49× a year ago · the load is going up
- Altman Z-score
- 3.60
Altman Z-score · safe zone, above 3
- Interest cover
- 6.92×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ2 2026
- $6.57B
- Cash and short-term investments
- $670M
- Net debt
- $5.90B
- EBITDA, trailing twelve months
- $2.51B
- Operating profit, trailing twelve months
- $1.96B
- Debt / equity
- 0.59×
- Total debt / EBITDA
- 2.62×
- Annualised volatilitytwo years of daily moves
- 27%
- Worst drawdown on file
- −64%
- Below its 52-week high
- −1.7%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.