CASSCass Information Systems, Inc.
Is it safe?
No red flags in what's measurable: comfortable debt (AA) and steady price behavior.
Net cash and profitable. A rule of thumb on leverage, not a credit rating.
Relatively steady, low volatility. Worst drawdown -51% · now 7% 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 CASS take a bad year?
Cass Information Systems, Inc. holds $336M more cash than debt, so a bad year is a question about profits, not about lenders.
Net cash · as at Q2 2026 · cash and short-term investments less total debt
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Interest cover
- 2.86×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 24%
Annualised volatility · S&P 500 16% · noticeably more jumpy than the market
Details›
- Total debtQ2 2026
- $80M
- Cash and short-term investments
- $416M
- Net cash
- $336M
- EBITDA, trailing twelve months
- $49M
- Operating profit, trailing twelve months
- $46M
- Debt / equity
- 0.33×
- Total debt / EBITDA
- 1.63×
- Annualised volatilitytwo years of daily moves
- 24%
- Worst drawdown on file
- −51%
- Below its 52-week high
- 6.7%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
The balance sheet
What it owes against what it owns, and how close that comes to trouble.
How far can it fall?
How much the price moves, how deep and how long its falls have run, and what each unit of risk has paid.
Specialty Business Services
Ranks #5 of 21 by RyuScore