Corvel Net debt/EBITDA
What is the Net debt/EBITDA of Corvel?
The Net debt/EBITDA of Corvel Corp. is -5.61
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 Finance sector on NASDAQ compared to Corvel
What does Corvel do?
together, let's do more. corvel is a leader of risk and healthcare management solutions to employers, third party administrators, insurance companies and government agencies. we are publicly traded (nasdaq:crvl) and annual revenues exceeded $493 million in fy2015. our continued customer growth is a testament to our financial stability and our significant investments in new systems and technologies allows us to continue to deliver industry-leading solutions to the marketplace. corvel has approximately 3,500 associates who serve more than 2,000 customers through a national branch office network covering all 50 states.
Companies with net debt/ebitda similar to Corvel
- Tai Ping Carpets International has Net debt/EBITDA of -5.64
- GEA AG has Net debt/EBITDA of -5.63
- Excellon Resources has Net debt/EBITDA of -5.63
- Greenpro Capital Corp has Net debt/EBITDA of -5.62
- BYD has Net debt/EBITDA of -5.61
- M.T.I Wireless Edge has Net debt/EBITDA of -5.61
- Corvel has Net debt/EBITDA of -5.61
- Clear Blue Technologies International has Net debt/EBITDA of -5.61
- Simply Better Brands has Net debt/EBITDA of -5.60
- Lyxor Index Fund - Lyxor Stoxx Europe 600 Food & Beverage UCITS ETF Acc has Net debt/EBITDA of -5.60
- Shenzhou International has Net debt/EBITDA of -5.59
- National has Net debt/EBITDA of -5.58
- Tower has Net debt/EBITDA of -5.58