Cloud DX Net debt/EBITDA
What is the Net debt/EBITDA of Cloud DX?
The Net debt/EBITDA of Cloud DX Inc. is -0.66
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 TSXV compared to Cloud DX
What does Cloud DX do?
Cloud DX Inc. operates as a remote patient monitoring company. It offers Cloud DX Connected Health, an end-to-end virtual healthcare platform for monitoring patients with chronic illness, including chronic obstructive pulmonary disease and congestive heart failure, as well as patients recovering from surgery and COVID-19 patients outside hospitals. The company's Cloud DX Connected Health Kits includes its Cloud DX Bluetooth pulse oximeter, the Cloud DX wireless weight scale and optionally, a wireless Bluetooth blood pressure monitor, digital thermometer, and digital wireless glucose meter from 3rd party suppliers. It serves academic institutions, large hospitals, and provincial health authorities in Canada, as well as physician practices and hospitals in the United States. The company also offers VITALITI, a vital sign monitor for measuring electrocardiograph, heart rate, oxygen saturation, respiration, core body temperature, blood pressure, movement, steps, and posture. Cloud DX Inc. is headquartered in Brooklyn, New York.
Companies with net debt/ebitda similar to Cloud DX
- Braille Systems has Net debt/EBITDA of -0.67
- Wavestone SA has Net debt/EBITDA of -0.67
- Cadence Design Systems has Net debt/EBITDA of -0.67
- UMT United Mobility Technology AG has Net debt/EBITDA of -0.67
- Bright Health has Net debt/EBITDA of -0.67
- Petroteq has Net debt/EBITDA of -0.66
- Cloud DX has Net debt/EBITDA of -0.66
- East West has Net debt/EBITDA of -0.66
- BigDish Plc has Net debt/EBITDA of -0.66
- Ridgestone Mining has Net debt/EBITDA of -0.66
- Xero has Net debt/EBITDA of -0.66
- Sibanye Stillwater has Net debt/EBITDA of -0.66
- Sibanye Stillwater has Net debt/EBITDA of -0.66