ON24 Net debt/EBITDA
What is the Net debt/EBITDA of ON24?
The Net debt/EBITDA of ON24, Inc. is -49.44
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 Technology sector on NYSE compared to ON24
Companies with net debt/ebitda similar to ON24
- STEMify has Net debt/EBITDA of -50.24
- Lattice Biologics has Net debt/EBITDA of -50.12
- China Environmental Resources has Net debt/EBITDA of -50.07
- Vivint Solar has Net debt/EBITDA of -50.04
- Shanghai Henlius Biotech has Net debt/EBITDA of -50.01
- Red 5 has Net debt/EBITDA of -49.45
- ON24 has Net debt/EBITDA of -49.44
- Laneway Resources has Net debt/EBITDA of -49.38
- Kingsoft has Net debt/EBITDA of -49.36
- Dongwu Cement International has Net debt/EBITDA of -49.10
- Sherritt International has Net debt/EBITDA of -49.03
- Beijing InHand Networks Technology Co has Net debt/EBITDA of -49.01
- Kropz plc has Net debt/EBITDA of -48.94