Delta Apparel Net debt/EBITDA
What is the Net debt/EBITDA of Delta Apparel?
The Net debt/EBITDA of Delta Apparel Inc. is -39.02
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 NYSEMKT compared to Delta Apparel
What does Delta Apparel do?
delta apparel, inc. is an international design, manufacturing, sourcing and marketing company that features a diverse portfolio of high quality branded and private label activewear apparel and headwear. we specialize in selling a variety of casual and athletic tops and bottoms, embellished and unembellished t-shirts, and licensed and branded clothing and headwear for the ever-changing apparel market. we focus on our broad distribution of apparel products to specialty and boutique stores, upscale and traditional department stores, mid-tier retailers, sporting goods stores, screen printers, and private label accounts. in addition, certain products are sold in college bookstores and to the united states military.
Companies with net debt/ebitda similar to Delta Apparel
- Tenaz has Net debt/EBITDA of -39.54
- Premier Gold Mines has Net debt/EBITDA of -39.49
- Premier Gold Mines has Net debt/EBITDA of -39.49
- Mastrad Société Anonyme has Net debt/EBITDA of -39.49
- Simulations Plus has Net debt/EBITDA of -39.38
- Desane has Net debt/EBITDA of -39.33
- Delta Apparel has Net debt/EBITDA of -39.02
- Glu Mobile Inc has Net debt/EBITDA of -38.66
- Miramar Hotel and Investment has Net debt/EBITDA of -38.58
- Lannett Co has Net debt/EBITDA of -38.52
- Atlantic Capital Bancshares Inc has Net debt/EBITDA of -38.52
- Tellurian Inc has Net debt/EBITDA of -38.36
- SFC AG has Net debt/EBITDA of -38.36