WINGWingstop Inc.
Is it safe?
Forensics clean, with a caveat: a safe balance sheet, but heavy debt (BB) and big price swings.
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Moderately leveraged. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -77% · now 57% below 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 WING take a bad year?
Wingstop Inc. carries $1.08B of net debt at 4.76× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 4.76×
Net debt / EBITDA · 5.20× a year ago · the load is coming down
- Altman Z-score
- 2.57
Altman Z-score · grey zone, between 1.8 and 3
- Annualised volatility
- 60%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $1.21B
- Cash and short-term investments
- $127M
- Net debt
- $1.08B
- EBITDA, trailing twelve months
- $228M
- Operating profit, trailing twelve months
- $201M
- Total debt / EBITDA
- 5.32×
- Annualised volatilitytwo years of daily moves
- 60%
- Worst drawdown on file
- −77%
- Below its 52-week high
- 57%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.