Volatus Aerospace Corp Net debt/EBITDA
What is the Net debt/EBITDA of Volatus Aerospace Corp?
The Net debt/EBITDA of Volatus Aerospace Corp is -11.19
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 Industrials sector on TSXV compared to Volatus Aerospace Corp
What does Volatus Aerospace Corp do?
Volatus Aerospace Corp. designs, manufactures, and certifies remotely piloted aircraft systems (RPAS) for VLOS and BVLOS operations in Canada, the United States, South America, and Latin America. The company offers fixed-wing RPAS, RPAS with modifications for custom applications, and drone solutions. It offers Drone-as-a-Service solutions for data acquisition, processing, and management in crop management, infrastructure inspection, survey mapping, and surveillance applications. The company also provides training for Transport Canada and FAA drone pilot certifications; and professional drone support services and RPAS training throughout the Maritimes and beyond. Its professional development courses include technical and operations training for equipment, standard operating procedures, industry-specific technology and applications, geographic information systems, data management and processing, and specific training for operations beyond visual light of sight. The company serves clients in agriculture, infrastructure, and forestry industries. Volatus Aerospace Corp. was incorporated in 2019 and is headquartered in Pointe-Claire, Canada.
Companies with net debt/ebitda similar to Volatus Aerospace Corp
- Siemens Gamesa Renewable SA has Net debt/EBITDA of -11.25
- Angling Direct plc has Net debt/EBITDA of -11.23
- Compx International has Net debt/EBITDA of -11.22
- Oak Street Health has Net debt/EBITDA of -11.21
- TBK & Sons has Net debt/EBITDA of -11.21
- American Pacific Borates has Net debt/EBITDA of -11.21
- Volatus Aerospace Corp has Net debt/EBITDA of -11.19
- Semileds Corp has Net debt/EBITDA of -11.17
- Vicinity Motor has Net debt/EBITDA of -11.16
- Quixant Plc has Net debt/EBITDA of -11.15
- AviChina Industry & Technology has Net debt/EBITDA of -11.15
- PC Connection has Net debt/EBITDA of -11.14
- Zengame Technology has Net debt/EBITDA of -11.14