WSCWillScot Holdings Corporation

$21.35

Is it safe?

Can WSC take a bad year?

WillScot Holdings Corporation carries $3.50B of net debt at 13.7× EBITDA: a heavy load to carry through a bad year.

$3.50B

Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy

Net debt / EBITDA
13.7×

Net debt / EBITDA · 10.6× a year ago · the load is going up

Altman Z-score
0.92

Altman Z-score · distress zone, below 1.8

Debt / equity
4.04×

Debt / equity

Details
Total debtQ1 2026
$3.51B
Cash and short-term investments
$16M
Net debt
$3.50B
EBITDA, trailing twelve months
$255M
Operating profit, trailing twelve months
$159M
Debt / equity
4.04×
Total debt / EBITDA
13.8×
Annualised volatilitytwo years of daily moves
51%
Worst drawdown on file
−72%
Below its 52-week high
−27%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.