Apollo Endosurgery Inc Net debt/EBITDA
What is the Net debt/EBITDA of Apollo Endosurgery Inc?
The Net debt/EBITDA of Apollo Endosurgery Inc is -4.26
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 Apollo Endosurgery Inc
What does Apollo Endosurgery Inc do?
Apollo Endosurgery, Inc. is a medical technology company focused on less invasive therapies to treat various gastrointestinal conditions, ranging from gastrointestinal defect repairs to the interventional treatment of obesity. Apollo's device-based therapies are an alternative to invasive surgical procedures, thus lowering complication rates and reducing total healthcare costs. Apollo's products are offered in over 75 countries today and include the X-Tack™ Endoscopic HeliX Tacking System, the OverStitch™ Endoscopic Suturing System, the OverStitch Sx™ Endoscopic Suturing System, and the ORBERA® Intragastric Balloon.
Companies with net debt/ebitda similar to Apollo Endosurgery Inc
- Tremor International Ltd has Net debt/EBITDA of -4.27
- Bigben Interactive SA has Net debt/EBITDA of -4.27
- BigBen Interactive has Net debt/EBITDA of -4.27
- Touchwood Entertainment has Net debt/EBITDA of -4.27
- Quotient Technology Inc has Net debt/EBITDA of -4.26
- GR Engineering Services has Net debt/EBITDA of -4.26
- Apollo Endosurgery Inc has Net debt/EBITDA of -4.26
- Sto SE & Co. KGaA has Net debt/EBITDA of -4.25
- Sto SE & Co. KGaA has Net debt/EBITDA of -4.25
- Cyprium Metals has Net debt/EBITDA of -4.25
- NextStage - S.C.A has Net debt/EBITDA of -4.24
- Implanet S.A has Net debt/EBITDA of -4.24
- Graham has Net debt/EBITDA of -4.23