Aspermont Net debt/EBITDA
What is the Net debt/EBITDA of Aspermont?
The Net debt/EBITDA of Aspermont Limited is -4,573.00
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 Communication Services sector on ASX compared to Aspermont
What does Aspermont do?
Aspermont Limited provides media services to resource industries in Australia, Asia, Europe, the United States, and internationally. It also provides publications, researches, and events, as well as other publications in partnership with external agencies across various trade sectors, including mining, investment, agriculture, and energy. In addition, the company offers online publications that provide news and information directly on desktops, tablets, and smart phones, as well as print publications through tablet and mobile apps. Further, it organizes events and conferences. Aspermont Limited was incorporated in 1961 and is based in Perth, Australia.
Companies with net debt/ebitda similar to Aspermont
- Come Sure () has Net debt/EBITDA of -7,872.78
- Nomura has Net debt/EBITDA of -7,614.49
- Lai Sun Development has Net debt/EBITDA of -6,908.40
- Vivint Smart Home Inc has Net debt/EBITDA of -5,496.95
- GAIN Capital has Net debt/EBITDA of -5,294.79
- Horace Mann Educators has Net debt/EBITDA of -5,214.00
- Aspermont has Net debt/EBITDA of -4,573.00
- SinoMedia has Net debt/EBITDA of -4,392.91
- Baylin Technologies has Net debt/EBITDA of -3,787.94
- Compagnie du Cambodge has Net debt/EBITDA of -3,384.00
- Broadway has Net debt/EBITDA of -3,103.60
- Kandi Technologies Inc has Net debt/EBITDA of -2,789.58
- Top Spring International has Net debt/EBITDA of -2,670.40