Is it safe?
Can WAY take a bad year?
Waystar Holding Corp. carries $1.28B of net debt at 2.95× EBITDA: a load its earnings can carry.
$1.28B
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.95×
Net debt / EBITDA · 2.36× a year ago · the load is going up
- Altman Z-score
- 1.47
Altman Z-score · distress zone, below 1.8
- Debt / equity
- 0.37×
Debt / equity
Details›
- Total debtQ2 2026
- $1.47B
- Cash and short-term investments
- $192M
- Net debt
- $1.28B
- EBITDA, trailing twelve months
- $432M
- Operating profit, trailing twelve months
- $276M
- Debt / equity
- 0.37×
- Total debt / EBITDA
- 3.39×
- Annualised volatilitytwo years of daily moves
- 44%
- Worst drawdown on file
- −62%
- Below its 52-week high
- −41%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
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Ranks #7 of 14 by Smart Score