CBD Global Sciences Net debt/EBITDA
What is the Net debt/EBITDA of CBD Global Sciences?
The Net debt/EBITDA of CBD Global Sciences Inc. is -3.59
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 OTC compared to CBD Global Sciences
What does CBD Global Sciences do?
CBD Global Sciences Inc. engages in cannabidiol (CBD) farming, processing, and product manufacturing business. It offers provides biomass, CBD oil, and CBD oil products under the Aethics, CannaOil, and Strasburg Pharms brand names. The company was incorporated in 2018 and is headquartered in Lakewood, Colorado.
Companies with net debt/ebitda similar to CBD Global Sciences
- Metals X has Net debt/EBITDA of -3.61
- Centrex Metals has Net debt/EBITDA of -3.60
- Wisdom Education International has Net debt/EBITDA of -3.60
- Crossject Societe Anonyme has Net debt/EBITDA of -3.60
- First Republic Bank has Net debt/EBITDA of -3.60
- Zalando SE has Net debt/EBITDA of -3.59
- CBD Global Sciences has Net debt/EBITDA of -3.59
- Widepoint Corp has Net debt/EBITDA of -3.59
- Eastside Distilling Inc has Net debt/EBITDA of -3.59
- GreenPower Motor has Net debt/EBITDA of -3.57
- Électricité de Strasbourg SA has Net debt/EBITDA of -3.57
- Human Health has Net debt/EBITDA of -3.57
- Advicenne SA has Net debt/EBITDA of -3.57