Abal plc Net debt/EBITDA
What is the Net debt/EBITDA of Abal plc?
The Net debt/EBITDA of Abal Group plc is -0.61
What is the definition of Net debt/EBITDA?
The net debt to earnings before interest, taxes, depreciation, and amortization (Net debt/EBITDA) ratio measures financial leverage and the company’s ability to pay off its debt. It shows how long it would take the company to pay off all its debt with operations at the current level.
The net debt to EBITDA ratio is calculated as Net debt divided by EBITDA. It is similar to the debt to EBITDA ratio, but cash and cash equivalents are subtracted in net debt.
Net debt = short-term debt + long-term debt - cash and cash equivalents
EBITDA = net income + interest expense + taxes + depreciation + amortization
Lower debt debt to EBITDA ratio indicates the company is not heavily indebted and should be able to repay its obligations. Alternatively, higher ratio indicated the company is excessively indebted. The ratio varies between industries as different industries have different capital requirements. Usually, the ratio should be compared to a benchmark or an industry average to determine the company’s credit risk. Generally, a net debt to EBITDA ratio above 4 or 5 is considered high.
Net debt/EBITDA of companies in the Technology sector on LSE compared to Abal plc
What does Abal plc do?
Supply@ME Capital plc operates a platform that provides inventory monetization services to manufacturing and trading companies in the United Kingdom, the Middle East, Italy, North Africa, the United States, and internationally. The company is based in London, the United Kingdom.
Companies with net debt/ebitda similar to Abal plc
- Mondias Natural Products has Net debt/EBITDA of -0.61
- IXUP has Net debt/EBITDA of -0.61
- Shutterstock Inc has Net debt/EBITDA of -0.61
- ALSO AG has Net debt/EBITDA of -0.61
- Heidelberger Druckmaschinen AG has Net debt/EBITDA of -0.61
- Fuchs Petrolub SE has Net debt/EBITDA of -0.61
- Abal plc has Net debt/EBITDA of -0.61
- Irobot Corp has Net debt/EBITDA of -0.60
- KULR Technology has Net debt/EBITDA of -0.60
- Huayi Tencent Entertainment has Net debt/EBITDA of -0.60
- Ferrexpo Plc has Net debt/EBITDA of -0.60
- Kenmare Resources Plc has Net debt/EBITDA of -0.60
- e LDLC societe anonyme has Net debt/EBITDA of -0.60