Alliance Aviation Services Net debt/EBITDA
What is the Net debt/EBITDA of Alliance Aviation Services?
The Net debt/EBITDA of Alliance Aviation Services Limited is 20.52
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 Industrials sector on ASX compared to Alliance Aviation Services
What does Alliance Aviation Services do?
Alliance Aviation Services Limited provides aviation services to tourism, resources, mining, education, government, corporate, and sporting sectors in Australia and internationally. The company also offers specialized aviation services, including aircraft wet leasing, airport management, aircraft trading, parts sales, engine leasing, and engineering to other airlines and clients. As of August 11, 2021, it operated a fleet of 7 E190, 24 Fokker F100, and 14 Fokker 70LR jet aircrafts; and 5 Fokker 50 turboprops aircrafts. The company was founded in 2002 and is based in Brisbane, Australia.
Companies with net debt/ebitda similar to Alliance Aviation Services
- Traton SE has Net debt/EBITDA of 20.48
- Veolia Environnement SA has Net debt/EBITDA of 20.50
- Veolia Environnement SA has Net debt/EBITDA of 20.50
- Ormat Technologies Inc has Net debt/EBITDA of 20.51
- Extra Space Storage has Net debt/EBITDA of 20.52
- Aris Water Solutions has Net debt/EBITDA of 20.52
- Alliance Aviation Services has Net debt/EBITDA of 20.52
- Park-Ohio has Net debt/EBITDA of 20.52
- CIM Commercial Trust has Net debt/EBITDA of 20.54
- MVB has Net debt/EBITDA of 20.55
- Kite Realty Trust has Net debt/EBITDA of 20.55
- SpartanNash Co has Net debt/EBITDA of 20.55
- Extraction Oil & Gas has Net debt/EBITDA of 20.56