Is it safe?
Can WM take a bad year?
Waste Management carries $22.8B of net debt at 3.03× EBITDA: a load its earnings can carry.
$22.8B
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.03×
Net debt / EBITDA · 3.46× a year ago · the load is coming down
- Altman Z-score
- 2.88
Altman Z-score · grey zone, between 1.8 and 3
- Debt / equity
- 2.35×
Debt / equity
Details›
- Total debtQ2 2026
- $23.4B
- Cash and short-term investments
- $557M
- Net debt
- $22.8B
- EBITDA, trailing twelve months
- $7.52B
- Operating profit, trailing twelve months
- $4.51B
- Debt / equity
- 2.35×
- Total debt / EBITDA
- 3.10×
- Annualised volatilitytwo years of daily moves
- 19%
- Worst drawdown on file
- −30%
- Below its 52-week high
- −9.5%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Industrials
Ranks #106 of 332 by Smart Score