Alkermes plc Net debt/EBITDA
What is the Net debt/EBITDA of Alkermes plc?
The Net debt/EBITDA of Alkermes plc is -4.53
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 NASDAQ compared to Alkermes plc
What does Alkermes plc do?
alkermes plc is a fully integrated, global biopharmaceutical company developing innovative medicines for the treatment of central nervous system (cns) diseases. the company has a diversified commercial product portfolio and a substantial clinical pipeline of product candidates for chronic diseases that include schizophrenia, depression, addiction and multiple sclerosis. headquartered in dublin, ireland, alkermes plc has an r&d center in waltham, massachusetts; a research and manufacturing facility in athlone, ireland; and a manufacturing facility in wilmington, ohio. for more information, please visit alkermes’ website at www.alkermes.com.
Companies with net debt/ebitda similar to Alkermes plc
- Silver Lake Resources has Net debt/EBITDA of -4.56
- Eros Resources has Net debt/EBITDA of -4.56
- Middlefield Banc has Net debt/EBITDA of -4.55
- Uranium Royalty has Net debt/EBITDA of -4.54
- Inscape has Net debt/EBITDA of -4.54
- Badger Meter has Net debt/EBITDA of -4.54
- Alkermes plc has Net debt/EBITDA of -4.53
- Takeaway.com NV has Net debt/EBITDA of -4.53
- Just Eat Takeaway.com N.V has Net debt/EBITDA of -4.53
- EMagin Corp has Net debt/EBITDA of -4.53
- Synopsys has Net debt/EBITDA of -4.52
- Anthem Inc has Net debt/EBITDA of -4.52
- Orthofix Medical Inc has Net debt/EBITDA of -4.52