Hallmark Services, Inc Net debt/EBITDA
What is the Net debt/EBITDA of Hallmark Services, Inc?
The Net debt/EBITDA of Hallmark Financial Services, Inc is 0.31
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 Finance sector on NASDAQ compared to Hallmark Services, Inc
What does Hallmark Services, Inc do?
hallmark financial services, inc. is an insurance holding company which, through its subsidiaries, engages in the sale of property/casualty insurance products to businesses and individuals. hallmark's business involves marketing, distributing, underwriting and servicing commercial and personal lines of property/casualty insurance products, as well as providing other insurance related services. hallmark is headquartered in fort worth, texas and its common stock is listed on nasdaq under the symbol "hall."
Companies with net debt/ebitda similar to Hallmark Services, Inc
- 6097 has Net debt/EBITDA of 0.30
- Apyx Medical has Net debt/EBITDA of 0.30
- Manulife Corp Non Cum has Net debt/EBITDA of 0.30
- Windtree Therapeutics has Net debt/EBITDA of 0.30
- Craneware plc has Net debt/EBITDA of 0.30
- Kesko Oyj has Net debt/EBITDA of 0.31
- Hallmark Services, Inc has Net debt/EBITDA of 0.31
- Zosano Pharma Corp has Net debt/EBITDA of 0.31
- AzurRx BioPharma Inc has Net debt/EBITDA of 0.31
- Nuveen Diversified Dividend and Income Fund has Net debt/EBITDA of 0.31
- Pimco Income Strategy Fund has Net debt/EBITDA of 0.31
- Pan African Resources Plc has Net debt/EBITDA of 0.31
- Pan African Resources PLC has Net debt/EBITDA of 0.31