Axion Ventures Net debt/EBITDA
What is the Net debt/EBITDA of Axion Ventures?
The Net debt/EBITDA of Axion Ventures, Inc. is -26.75
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 Communication Services sector on TSXV compared to Axion Ventures
What does Axion Ventures do?
Axion Ventures Inc., an investment issuer, primarily focuses on investments in the online video gaming and other information technology sectors in China and internationally. It is involved in the game software development, game operation, provision of outsourcing services, software licensing, and software training businesses. The company was formerly known as Capstream Ventures Inc. and changed its name to Axion Ventures Inc. in March 2017. Axion Ventures Inc. was incorporated in 2011 and is headquartered in Vancouver, Canada.
Companies with net debt/ebitda similar to Axion Ventures
- Plant Advanced Technologies SA has Net debt/EBITDA of -26.89
- Total Telcom has Net debt/EBITDA of -26.89
- Happy Valley Nutrition has Net debt/EBITDA of -26.86
- American Software has Net debt/EBITDA of -26.84
- Nicolet Bankshares has Net debt/EBITDA of -26.81
- Canaccord Genuity has Net debt/EBITDA of -26.79
- Axion Ventures has Net debt/EBITDA of -26.75
- Wize Pharma has Net debt/EBITDA of -26.74
- Superactive has Net debt/EBITDA of -26.73
- ACRES Commercial Realty Corp has Net debt/EBITDA of -26.73
- Magellan Health Inc has Net debt/EBITDA of -26.71
- Ef funders Ventures Inc has Net debt/EBITDA of -26.70
- FIH Mobile has Net debt/EBITDA of -26.66