Coro Plc Net debt/EBITDA
What is the Net debt/EBITDA of Coro Plc?
The Net debt/EBITDA of Coro Energy Plc is -57.56
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 Energy sector on LSE compared to Coro Plc
What does Coro Plc do?
Coro Energy plc engages in the exploration, development, and production of oil and natural gas in South East Asia. Its asset portfolio is situated in the west Natuna basin, offshore Indonesia. The company was formerly known as Saffron Energy Plc and changed its name to Coro Energy plc in April 2018. The company was incorporated in 2016 and is based in Leeds, the United Kingdom.
Companies with net debt/ebitda similar to Coro Plc
- TFG International has Net debt/EBITDA of -58.44
- China First Capital has Net debt/EBITDA of -58.34
- Biocorp Production has Net debt/EBITDA of -58.32
- Arianne Phosphate has Net debt/EBITDA of -58.31
- Raute Oyj has Net debt/EBITDA of -58.16
- Avianca S.A has Net debt/EBITDA of -58.09
- Coro Plc has Net debt/EBITDA of -57.56
- Rimbaco Grp Global Ltd has Net debt/EBITDA of -57.53
- Richly Field China Development has Net debt/EBITDA of -57.21
- CurAegis Technologies has Net debt/EBITDA of -56.85
- Stabilus S.A has Net debt/EBITDA of -56.30
- Diaceutics PLC has Net debt/EBITDA of -56.27
- Taiwan Semiconductor Manufacturing has Net debt/EBITDA of -56.23