Akoustis Technologies Inc Net debt/EBITDA
What is the Net debt/EBITDA of Akoustis Technologies Inc?
The Net debt/EBITDA of Akoustis Technologies Inc is -1.26
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 NASDAQ compared to Akoustis Technologies Inc
What does Akoustis Technologies Inc do?
founded in 2014 by experienced industry leaders and scientists from university of california at santa barbara (ucsb) and cornell university, akoustis’ mission is to commercialize and manufacture its patent-pending bulk one™ acoustic wave technology to address the critical frequency-selectivity requirements in today’s mobile smartphones – improving the efficiency and signal quality of mobile wireless devices and enabling the internet of things. the bulk acoustic wave (baw) filter market is rapidly expanding, driven by growth in 4g/lte and the number of filters required per device. nearly 2 billion mobile phones are manufactured per year, and over half are in the growing segment of high-end smartphones. because these smartphones need to operate globally, on more than one carrier, and with bands that are becoming ever-closer together, the need for higher-performance filters is upon us to ensure mobile compatibility. 4g/lte networks are driving the need for higher frequencies, and traditio
Companies with net debt/ebitda similar to Akoustis Technologies Inc
- China Xiangtai Food Co has Net debt/EBITDA of -1.27
- Wison Engineering Services Co has Net debt/EBITDA of -1.27
- TOMI Environmental Solutions has Net debt/EBITDA of -1.27
- PyroGenesis Canada has Net debt/EBITDA of -1.27
- Visiodent S.A has Net debt/EBITDA of -1.27
- Synchrony has Net debt/EBITDA of -1.27
- Akoustis Technologies Inc has Net debt/EBITDA of -1.26
- Sterling Infrastructure Inc has Net debt/EBITDA of -1.26
- Golden Harp Resources has Net debt/EBITDA of -1.25
- Flux Power has Net debt/EBITDA of -1.25
- Flux Power has Net debt/EBITDA of -1.25
- Defense Technologies International has Net debt/EBITDA of -1.25
- Societa Editoriale Il Fatto S.p.A has Net debt/EBITDA of -1.25