Radient Technologies Net debt/EBITDA
What is the Net debt/EBITDA of Radient Technologies?
The Net debt/EBITDA of Radient Technologies, Inc. is -11.81
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 TSXV compared to Radient Technologies
What does Radient Technologies do?
Radient Technologies Inc., together with its subsidiaries, processes, sells, and distributes cannabis materials in Canada. It offers cannabis oil, standardized cannabinoid ingredients, cannabis extracts, and cannabis formulations. The company also provides extraction services for the extraction, purification, and isolation of cannabinoids for third parties. Its ingredients are used in natural food and beverage products, personal care products, and nutraceutical and pharmaceutical products. Radient Technologies Inc. was incorporated in 2001 and is headquartered in Edmonton, Canada.
Companies with net debt/ebitda similar to Radient Technologies
- Sound Bancorp Inc has Net debt/EBITDA of -11.85
- Regional Express has Net debt/EBITDA of -11.84
- Eden Innovations Ltd has Net debt/EBITDA of -11.84
- Transat A.T has Net debt/EBITDA of -11.83
- Dsd has Net debt/EBITDA of -11.83
- China Display Optoelectronics Technology has Net debt/EBITDA of -11.82
- Radient Technologies has Net debt/EBITDA of -11.81
- Shanghai Kindly Medical Instruments Co has Net debt/EBITDA of -11.81
- Pico Far East has Net debt/EBITDA of -11.79
- China Tontine Wines has Net debt/EBITDA of -11.79
- A10 Networks Inc has Net debt/EBITDA of -11.78
- Chewy Inc has Net debt/EBITDA of -11.76
- CPP Plc has Net debt/EBITDA of -11.76