Clever Leaves Net debt/EBITDA
What is the Net debt/EBITDA of Clever Leaves?
The Net debt/EBITDA of Clever Leaves Holdings Inc. is 0.52
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 Health Care sector on NASDAQ compared to Clever Leaves
What does Clever Leaves do?
Clever Leaves Holdings Inc. operates as a cannabis company. The company operates through two segments, Cannabinoid and Non-Cannabinoid. The Cannabinoid segment engages in the cultivation, extraction, manufacturing, commercialization, and distribution of cannabinoid products internationally. The Non-Cannabinoid segment is engaged in formulating, manufacturing, marketing, selling, distributing, and commercializing nutraceutical and other natural remedies, wellness products, detoxification products, and nutritional and dietary supplements for mass retailers, specialty and health retailers, and distributors in the United States. The company was founded in 2017 and is based in Boca Raton, Florida.
Companies with net debt/ebitda similar to Clever Leaves
- New Metals has Net debt/EBITDA of 0.51
- Corticeira Amorim SGPS SA has Net debt/EBITDA of 0.52
- Cemtrex has Net debt/EBITDA of 0.52
- First American Corp has Net debt/EBITDA of 0.52
- Meat-Tech 3D Ltd has Net debt/EBITDA of 0.52
- Total Se has Net debt/EBITDA of 0.52
- Clever Leaves has Net debt/EBITDA of 0.52
- Q-Gold Resources has Net debt/EBITDA of 0.52
- easyJet Plc has Net debt/EBITDA of 0.52
- Skyworks Solutions has Net debt/EBITDA of 0.52
- North Sea has Net debt/EBITDA of 0.52
- Sparq Corp has Net debt/EBITDA of 0.52
- Cyclerion Therapeutics has Net debt/EBITDA of 0.53