Keyne Ltd Net debt/EBITDA
What is the Net debt/EBITDA of Keyne Ltd?
The Net debt/EBITDA of Keyne Ltd is -105.76
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 Real Estate sector on HKSE compared to Keyne Ltd
What does Keyne Ltd do?
Keyne Ltd, an investment holding company, primarily engages in the property and hotel development business in Hong Kong and Mainland China. The company is involved in the property rental and centralized heat supply businesses. It also provides management services. The company was formerly known as Nine Express Limited and changed its name to Keyne Ltd in March 2020. Keyne Ltd was incorporated in 2001 and is headquartered in Causeway Bay, Hong Kong.
Companies with net debt/ebitda similar to Keyne Ltd
- ArcSoft has Net debt/EBITDA of -106.86
- WeCommerce has Net debt/EBITDA of -106.80
- China Rare Earth has Net debt/EBITDA of -106.71
- Agfa-Gevaert NV has Net debt/EBITDA of -106.33
- Membership Collective has Net debt/EBITDA of -106.22
- Hanison Construction has Net debt/EBITDA of -105.91
- Keyne Ltd has Net debt/EBITDA of -105.76
- Intercede plc has Net debt/EBITDA of -105.43
- 8X8 has Net debt/EBITDA of -105.23
- SugarBud Craft Growers has Net debt/EBITDA of -104.30
- Asia Standard International has Net debt/EBITDA of -104.00
- Stabilis has Net debt/EBITDA of -103.87
- Tencent Music Entertainment has Net debt/EBITDA of -103.42