Adient

As of March 31, 2026, Adient reported gross debt of about $2.4 billion, cash of roughly $0.8 billion and net debt near $1.6 billion. Senior notes mature in 2028, 2031 and 2033, with coupons mostly in the 7% to 8.25% range, and the ABL revolver provides additional liquidity.

Using FY2025 consolidated adjusted EBITDA of $881 million and 1H FY2026 adjusted EBITDA of ~$430 million less 1H FY2025 of ~429 million implies TTM adjusted EBITDA near ~$0.88 billion, for net leverage about 1.8x.

Interest burden is meaningful at today’s 10‑year Treasury run‑rate near 4.4%, but maturity spacing and cash generation are adequate for normal cycles.).