Is it safe?
Can XEL take a bad year?
Xcel Energy carries $37.4B of net debt at 6.55× EBITDA: a heavy load to carry through a bad year.
$37.4B
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 6.55×
Net debt / EBITDA · 5.72× a year ago · the load is going up
- Cash runway
- 0.3 years
Cash runway · burning $1.92B a quarter at the current rate
- Annualised volatility
- 20%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $39.5B
- Cash and short-term investments
- $2.01B
- Net debt
- $37.4B
- EBITDA, trailing twelve months
- $5.72B
- Operating profit, trailing twelve months
- $2.79B
- Debt / equity
- 1.64×
- Total debt / EBITDA
- 6.90×
- Annualised volatilitytwo years of daily moves
- 20%
- Worst drawdown on file
- −34%
- Below its 52-week high
- −6.0%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Utilities - Regulated Electric
Ranks #33 of 37 by Smart Score