Air T Inc Net debt/EBITDA
What is the Net debt/EBITDA of Air T Inc?
The Net debt/EBITDA of Air T Inc is 50.42
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 Industrials sector on NASDAQ compared to Air T Inc
What does Air T Inc do?
air t inc. operates in two industry segments, providing air cargo services to the air express delivery industry through its wholly owned subsidiaries, mountain air cargo, inc. ("mac") & csa air, inc. ("csa"), and aviation ground support and other specialized industrial equipment products and services through its wholly owned subsidiaries, global ground support, llc ("global") & global aviation services, llc ("gas"). mac & csa provide small package overnight air freight delivery services on a contract basis throughout the eastern half of the united states, puerto rico and the caribbean. mac & csa operate approximately 90 aircraft under agreements with federal express. mac and csa operate under separate aviation certifications. mac is certified to operate under part 121 & part 135 of the regulations of the federal aviation administration . this certification permits mac to operate aircraft that can carry up to 18,000 pounds of cargo. mac's principal office, and airt's corporate headqua
Companies with net debt/ebitda similar to Air T Inc
- OFS Capital Corp has Net debt/EBITDA of 50.13
- Vince Corp has Net debt/EBITDA of 50.14
- Torrid has Net debt/EBITDA of 50.30
- BlackRock TCP Capital Corp has Net debt/EBITDA of 50.32
- Centrale des Bois & Scieries de la Manche SA has Net debt/EBITDA of 50.32
- Pathfinder has Net debt/EBITDA of 50.40
- Air T Inc has Net debt/EBITDA of 50.42
- GoldMoney has Net debt/EBITDA of 50.43
- Bannerman Resources has Net debt/EBITDA of 50.48
- EcoSynthetix has Net debt/EBITDA of 50.51
- Star Equity has Net debt/EBITDA of 50.67
- Xperi Inc has Net debt/EBITDA of 50.68
- Uniti S.A has Net debt/EBITDA of 50.76