Fisker Net debt/EBITDA
What is the Net debt/EBITDA of Fisker?
The Net debt/EBITDA of Fisker Inc. is -5.87
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 Consumer Discretionary sector on NYSE compared to Fisker
Companies with net debt/ebitda similar to Fisker
- Yincheng Life Service Co Ltd has Net debt/EBITDA of -5.89
- NAPCO Security Technologies Inc has Net debt/EBITDA of -5.88
- PayPal Inc has Net debt/EBITDA of -5.88
- Transforma Resources Corporatio has Net debt/EBITDA of -5.88
- Coinbase Global has Net debt/EBITDA of -5.88
- Versus Systems has Net debt/EBITDA of -5.88
- Fisker has Net debt/EBITDA of -5.87
- Stemmer Imaging AG has Net debt/EBITDA of -5.87
- H-Source has Net debt/EBITDA of -5.87
- WestStar Industrial has Net debt/EBITDA of -5.86
- Pharma Mar SA has Net debt/EBITDA of -5.86
- Devoteam SA has Net debt/EBITDA of -5.85
- Pier 1 Imports Inc has Net debt/EBITDA of -5.85