Cadiz Net debt/EBITDA
What is the Net debt/EBITDA of Cadiz?
The Net debt/EBITDA of Cadiz Inc. is -10.78
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 Utilities sector on NASDAQ compared to Cadiz
What does Cadiz do?
founded in 1983, cadiz inc. is a renewable resource company that owns over 70 square miles of land with significant water resources in southern california. the company's properties, which are located at three sites in california's eastern mojave desert, offer abundant and renewable sources of clean water, an ideal environment for organic farming, and excellent land conservation opportunities. the company maintains an organic agricultural operation at its primary property in the cadiz valley and manages the largest desert tortoise land conservation bank in california. the company is also pursuing the cadiz valley water conservation, recovery and storage project, known as the cadiz water project, which will capture and conserve billions of gallons of renewable groundwater that is presently lost to evaporation and provide a new, sustainable water supply. through the active and safe management of the groundwater aquifer system at the site, the cadiz water project will reduce an ongoing los
Companies with net debt/ebitda similar to Cadiz
- Nanyang has Net debt/EBITDA of -10.83
- CM.com N.V has Net debt/EBITDA of -10.83
- Rambus has Net debt/EBITDA of -10.82
- Semiconductor Manufacturing International has Net debt/EBITDA of -10.80
- Kuuhubb has Net debt/EBITDA of -10.80
- FinCanna Capital has Net debt/EBITDA of -10.79
- Cadiz has Net debt/EBITDA of -10.78
- Ever Sunshine Lifestyle Services has Net debt/EBITDA of -10.77
- Berkshire Hills Bancorp has Net debt/EBITDA of -10.75
- Shake Shack has Net debt/EBITDA of -10.75
- Wed has Net debt/EBITDA of -10.75
- Opko Health Inc has Net debt/EBITDA of -10.73
- Tongrentangcm has Net debt/EBITDA of -10.73