WNCWabash National Corporation
Is it safe?
Caution warranted: heavy debt (CCC) and big price swings.
Debt against weak or negative operating profit. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -76% · now 6% below its 52-week high.
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 WNC take a bad year?
The deepest fall in WNC's price history on file is −76%; it is 6.2% below its high today.
Net debt · as at Q1 2026 · debt less the cash on hand, with no positive EBITDA to service it
- Cash runway
- 1.1 years
Cash runway · burning $10M a quarter at the current rate
- Annualised volatility
- 59%
Annualised volatility · roughly twice as jumpy as the market
- Worst drawdown on file
- −76%
Worst drawdown on file · −6.2% today
Details›
- Total debtQ1 2026
- $498M
- Cash and short-term investments
- $43M
- Net debt
- $455M
- EBITDA, trailing twelve months
- −$6.2M
- Operating profit, trailing twelve months
- −$59M
- Debt / equity
- 1.55×
- Annualised volatilitytwo years of daily moves
- 59%
- Worst drawdown on file
- −76%
- Below its 52-week high
- 6.2%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Farm & Heavy Construction Machinery
Ranks #13 of 14 by RyuScore