Advance Nanotek Net debt/EBITDA
What is the Net debt/EBITDA of Advance Nanotek?
The Net debt/EBITDA of Advance Nanotek Limited is 2.01
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 Materials sector on ASX compared to Advance Nanotek
What does Advance Nanotek do?
Advance ZincTek Limited, together with its subsidiaries, manufactures aluminum oxide powder, and zinc oxide dispersions and powder for use in the personal care sector in Australia, the United States, Canada, Europe, and internationally. It produces and distributes dispersion of mineral-only UV filters in cosmetic emollients that are used for sunscreen, skincare, and pharmaceutical formulations, as well as alumina plate-like powders used for cosmetic applications. The company operates through a network of distributors. The company was formerly known as Advance NanoTek Limited and changed its name to Advance ZincTek Limited in November 2021. Advance ZincTek Limited was incorporated in 1997 and is based in Rocklea, Australia.
Companies with net debt/ebitda similar to Advance Nanotek
- Centene has Net debt/EBITDA of 2.01
- Magna International has Net debt/EBITDA of 2.01
- Xinyi Glass has Net debt/EBITDA of 2.01
- Sylogist has Net debt/EBITDA of 2.01
- Yamaha Motor Co has Net debt/EBITDA of 2.01
- Yamaha Motor Co has Net debt/EBITDA of 2.01
- Advance Nanotek has Net debt/EBITDA of 2.01
- Agilent Technologies has Net debt/EBITDA of 2.01
- Sampo Oyj has Net debt/EBITDA of 2.01
- QuestEx Gold & Copper has Net debt/EBITDA of 2.01
- St George Mining has Net debt/EBITDA of 2.02
- Aurcana has Net debt/EBITDA of 2.02
- Silvercrest Asset Management Inc has Net debt/EBITDA of 2.02