102570 Net debt/EBITDA
What is the Net debt/EBITDA of 102570?
The Net debt/EBITDA of 102570 is -0.85
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 Health Care sector on OTC compared to 102570
What does 102570 do?
Electromedical Technologies, Inc., a bioelectronics manufacturing and marketing company, provides medical devices for pain management in the United States. Its products include WellnessPro Plus, a bioelectronics therapy prescription device to relieve chronic and acute pain. Electromedical Technologies, Inc. is headquartered in Scottsdale, Arizona.
Companies with net debt/ebitda similar to 102570
- Bioasis Technologies has Net debt/EBITDA of -0.87
- Lundin Mining has Net debt/EBITDA of -0.87
- Golden Eagle Retail has Net debt/EBITDA of -0.87
- Spin Master has Net debt/EBITDA of -0.87
- The Hydroponics has Net debt/EBITDA of -0.86
- Canoo has Net debt/EBITDA of -0.86
- 102570 has Net debt/EBITDA of -0.85
- Goldgroup Mining has Net debt/EBITDA of -0.85
- Kneat.Com Inc has Net debt/EBITDA of -0.85
- Cel-Sci has Net debt/EBITDA of -0.85
- ADM plc has Net debt/EBITDA of -0.85
- Almaden Minerals Ltd has Net debt/EBITDA of -0.85
- Goldplat Plc has Net debt/EBITDA of -0.85