Kingold Jewelry Inc Net debt/EBITDA
What is the Net debt/EBITDA of Kingold Jewelry Inc?
The Net debt/EBITDA of Kingold Jewelry Inc is -0.34
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 Consumer Discretionary sector on NASDAQ compared to Kingold Jewelry Inc
What does Kingold Jewelry Inc do?
kingold jewelry, inc. designs, manufactures, and sells 24-karat gold jewelry and chinese ornaments in the people's republic of china. the company offers a range of in-house designed products, including gold necklaces, rings, earrings, bracelets, gold bars, and pendants. it also invests in gold. the company sells its products to wholesalers, distributors, and retailers under the kingold brand. kingold jewelry, inc. was founded in 2002 and is based in wuhan, the people's republic of china.
Companies with net debt/ebitda similar to Kingold Jewelry Inc
- Consol Inc has Net debt/EBITDA of -0.34
- Euro Sun Mining has Net debt/EBITDA of -0.34
- ITT Inc has Net debt/EBITDA of -0.34
- Emerald Clinics has Net debt/EBITDA of -0.34
- Alexion Pharmaceuticals has Net debt/EBITDA of -0.34
- ARB has Net debt/EBITDA of -0.34
- Kingold Jewelry Inc has Net debt/EBITDA of -0.34
- Basler Aktiengesellschaft has Net debt/EBITDA of -0.34
- Novo Nordisk A/S has Net debt/EBITDA of -0.33
- Gratomic has Net debt/EBITDA of -0.33
- Arrow Minerals has Net debt/EBITDA of -0.33
- Spineway Societe Anonyme has Net debt/EBITDA of -0.33
- Vinacapital Vietnam Opportunity Fund (United Kingdom) has Net debt/EBITDA of -0.33