Artesian Resources Net debt/EBITDA
What is the Net debt/EBITDA of Artesian Resources?
The Net debt/EBITDA of Artesian Resources Corp. is 13.74
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 Utilities sector on NASDAQ compared to Artesian Resources
What does Artesian Resources do?
artesian water company, inc. owns, operates, and maintains water treatment and water distribution systems in delaware. it offers water meter reading, automated billing, water plant operations, and operational support services. the company also provides project management, and water and wastewater related services. in addition, it operates wastewater treatment facilities. the company was founded in 1905 and is based in newark, delaware. artesian water company, inc. operates as a subsidiary of artesian resources corp.
Companies with net debt/ebitda similar to Artesian Resources
- E.ON SE has Net debt/EBITDA of 13.71
- RCI Hospitality Inc has Net debt/EBITDA of 13.72
- Cogeco Communications has Net debt/EBITDA of 13.72
- Tidewater Midstream and Infrastructure has Net debt/EBITDA of 13.72
- Air Transport Services Inc has Net debt/EBITDA of 13.73
- Ur- has Net debt/EBITDA of 13.73
- Artesian Resources has Net debt/EBITDA of 13.74
- Digirad has Net debt/EBITDA of 13.75
- Mulberry Plc has Net debt/EBITDA of 13.75
- Trimble Inc has Net debt/EBITDA of 13.76
- Hilton Worldwide has Net debt/EBITDA of 13.76
- CWC Services has Net debt/EBITDA of 13.76
- Carbios SA has Net debt/EBITDA of 13.77