Is it safe?
Can LIND take a bad year?
Lindblad Expeditions Holdings, Inc. carries $345M of net debt at 2.71× EBITDA: a load its earnings can carry.
$345M
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.71×
Net debt / EBITDA · 4.51× a year ago · the load is coming down
- Annualised volatility
- 57%
Annualised volatility · roughly twice as jumpy as the market
- Worst drawdown on file
- −83%
Worst drawdown on file · −23% today
Details›
- Total debtQ2 2026
- $664M
- Cash and short-term investments
- $319M
- Net debt
- $345M
- EBITDA, trailing twelve months
- $127M
- Operating profit, trailing twelve months
- $58M
- Total debt / EBITDA
- 5.22×
- Annualised volatilitytwo years of daily moves
- 57%
- Worst drawdown on file
- −83%
- Below its 52-week high
- 23%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.