Vanguard FTSE Developed Europe ex UK ETF Net debt/EBITDA
What is the Net debt/EBITDA of Vanguard FTSE Developed Europe ex UK ETF?
The Net debt/EBITDA of Vanguard FTSE Developed Europe ex UK ETF is -7.31
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 Technology sector on NASDAQ compared to Vanguard FTSE Developed Europe ex UK ETF
What does Vanguard FTSE Developed Europe ex UK ETF do?
Vertex, Inc. provides tax technology solutions for corporations in retail, communication, leasing, and manufacturing industries in the United States and internationally. It offers tax determination, compliance and reporting, tax data management, document management, pre-built integration, and industry-specific solutions. The company sells its software products through software license and software as a service subscriptions. It also provides implementation and training services in connection with its software license and cloud subscriptions, transaction tax returns outsourcing, and other tax-related services. The company was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.
Companies with net debt/ebitda similar to Vanguard FTSE Developed Europe ex UK ETF
- Qingdao Haier Biomedical Co has Net debt/EBITDA of -7.36
- Capstone Turbine has Net debt/EBITDA of -7.36
- Green Organic Dutchman has Net debt/EBITDA of -7.36
- Manolete Partners Plc has Net debt/EBITDA of -7.34
- Synaptics Inc has Net debt/EBITDA of -7.33
- Aurcana has Net debt/EBITDA of -7.32
- Vanguard FTSE Developed Europe ex UK ETF has Net debt/EBITDA of -7.31
- Latecoere S.A has Net debt/EBITDA of -7.31
- AB Dynamics Plc has Net debt/EBITDA of -7.30
- Ohio Valley Banc has Net debt/EBITDA of -7.28
- First Sensor AG has Net debt/EBITDA of -7.26
- Beforepay Ltd has Net debt/EBITDA of -7.25
- ICO has Net debt/EBITDA of -7.24