WMS NYSE
Credit Risk of going bust: lower than 71% of companies Debt: 15.2% of company value Bonds: $108.9M held by 171 funds, 150 bp over Treasuries → details ▾
If the stock fell to about $1.63 (down 99%), Advanced Drainage Systems, Inc. would be worth roughly what it owes.
Total debt $1.77B against a stock market value of $9.87B.
Distance to default 7.70 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $810.1M (short-term plus half of long-term), stock volatility 35.9%; Altman Z 4.29. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Hilliard, OH 43026
US
Advanced Drainage Systems, Inc., established in Hilliard, Ohio in 1966, is a leading provider of innovative water management solutions. The company specializes in the design, manufacturing, and global distribution of thermoplastic corrugated pipes and related drainage products, primarily targeting the underground construction and infrastructure sectors across the United States, Canada, Mexico, and other international territories. Its operations are structured across four key segments: Pipe, International, Infiltrator, and Allied Products & Other. ADS offers a wide array of products, including single, double, and triple-wall corrugated pipes made from polypropylene and polyethylene. Beyond basic piping, their extensive catalog features sophisticated water management systems such as plastic leachfield chambers, EZflow synthetic aggregate bundles, advanced mechanical aeration wastewater solutions, septic tanks and accessories, and integrated treatment and dispersal units. Furthermore, the company supplies allied products like storm retention, detention, and septic chambers, polyvinyl chloride drainage structures, various fittings, and water quality filters and separators. ADS also distributes construction fabrics and other geosynthetic materials vital for soil stabilization, reinforcement, filtration, erosion control, and sub-surface drainage, alongside drainage grates. These products cater to a broad spectrum of applications, including residential, non-residential, agricultural, and large-scale infrastructure projects.
Recent Insider Trades
| Name | Type | Shares | Price | Date |
|---|---|---|---|---|
| EVERSOLE ROBERT M | G-Gift | 2,386 | — | 2026-09-01 |
| EVERSOLE ROBERT M | G-Gift | 2,386 | — | 2026-09-01 |
| Coyle Patrick M. Jr | F-InKind | 26 | $130.75 | 2026-09-01 |
| BARBOUR D. SCOTT | G-Gift | 2,000 | — | 2026-08-20 |
| EVERSOLE ROBERT M | A-Award | 2,253 | — | 2026-07-16 |