Vitalibis Net debt/EBITDA
What is the Net debt/EBITDA of Vitalibis?
The Net debt/EBITDA of Vitalibis, Inc. is -1.71
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 Vitalibis
What does Vitalibis do?
Vitalibis, Inc. operates as a technology-based formulator of phytocannabinoid rich hemp products with cannabidiol, along with personal care and nutritional products. The company markets and sells consumer products under the Vitalibis brand. It also sells water soluble phytocannabinoid rich hemp powder. The company was formerly known as Sheng Ying Entertainment Corp. and changed its name to Vitalibis, Inc. in February 2018. Vitalibis, Inc. was founded in 2014 and is based in Las Vegas, Nevada. On June 15, 2020, Vitalibis, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Nevada.
Companies with net debt/ebitda similar to Vitalibis
- Sisram Medical Ltd has Net debt/EBITDA of -1.72
- Monarch Mining has Net debt/EBITDA of -1.72
- Jaguar Mining has Net debt/EBITDA of -1.72
- Medpace Inc has Net debt/EBITDA of -1.72
- Varian Medical Systems has Net debt/EBITDA of -1.72
- Miller Industries has Net debt/EBITDA of -1.71
- Vitalibis has Net debt/EBITDA of -1.71
- CareCloud Inc has Net debt/EBITDA of -1.71
- Sunlight Technology has Net debt/EBITDA of -1.71
- Anglo Asian Mining Plc has Net debt/EBITDA of -1.70
- Jericho Ventures has Net debt/EBITDA of -1.70
- Jericho Oil has Net debt/EBITDA of -1.70
- Home Control International has Net debt/EBITDA of -1.70