WMBWilliams Companies
Is it safe?
Solid, nothing alarming. Balance sheet to watch.
Mixed, watch the balance sheet Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Insiders were net sellers (-$1.4M, 90 days to Oct 8, 2026), selling is often routine.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -68% · now 8% below its 52-week high.
Unless marked, from SEC EDGAR, as of Dec 31, 2025.
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 WMB take a bad year?
Williams Companies carries $30.6B of net debt at 4.37× 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
- 4.37×
Net debt / EBITDA · 4.62× a year ago · the load is coming down
- Altman Z-score
- 1.32
Altman Z-score · distress zone, below 1.8
- Cash runway
- 1.9 years
Cash runway · burning $27M a quarter at the current rate
Details›
- Total debtQ2 2026
- $30.8B
- Cash and short-term investments
- $203M
- Net debt
- $30.6B
- EBITDA, trailing twelve months
- $6.99B
- Operating profit, trailing twelve months
- $4.66B
- Debt / equity
- 2.33×
- Total debt / EBITDA
- 4.40×
- Annualised volatilitytwo years of daily moves
- 25%
- Worst drawdown on file
- −68%
- Below its 52-week high
- 7.8%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Oil & Gas Midstream
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