Johnson Outdoors Inc Net debt/EBITDA
What is the Net debt/EBITDA of Johnson Outdoors Inc?
The Net debt/EBITDA of Johnson Outdoors Inc is -4.29
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 Consumer Discretionary sector on NASDAQ compared to Johnson Outdoors Inc
What does Johnson Outdoors Inc do?
johnson outdoors turns ideas into adventure with innovative, market-leading outdoor recreational products. the company’s unique network model combines the strength and efficiency of a large organization with the creativity and agility of its entrepreneurial beginnings. founded in 1970 by samuel c. johnson, the company has delivered double-digit compound annual revenue growth over its history, evolving from a single brand into a nearly $400 million global enterprise with nearly 1,300 employees across 16 countries. johnson outdoors designs, manufacturers and markets many of the world’s best known outdoor recreation brands. the company’s award-winning innovation is fueled by a unique passion for the outdoors, coupled with sophisticated market research and cutting-edge technology, to advance a continuous pipeline of successful new products across four categories: marine electronics, watercraft, outdoor gear and diving. new products have represented a third or more of total company revenu
Companies with net debt/ebitda similar to Johnson Outdoors Inc
- Natus Medical Inc has Net debt/EBITDA of -4.31
- Telefonaktiebolaget LM Ericsson (publ) has Net debt/EBITDA of -4.30
- Morris has Net debt/EBITDA of -4.30
- Ortho Regenerative Technologies has Net debt/EBITDA of -4.30
- Marine Products Corp has Net debt/EBITDA of -4.30
- Ramsdens PLC has Net debt/EBITDA of -4.30
- Johnson Outdoors Inc has Net debt/EBITDA of -4.29
- Westamerica Bancorporation has Net debt/EBITDA of -4.29
- Yincheng Life Service CO has Net debt/EBITDA of -4.29
- Singamas Container has Net debt/EBITDA of -4.28
- Direct Line Insurance plc has Net debt/EBITDA of -4.28
- Pantheon Resources Plc has Net debt/EBITDA of -4.28
- 3D Systems has Net debt/EBITDA of -4.27