Assure Net debt/EBITDA
What is the Net debt/EBITDA of Assure?
The Net debt/EBITDA of Assure Holdings Corp. is -4.62
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 Health Care sector on OTC compared to Assure
What does Assure do?
Assure Holdings Corp., together with its subsidiaries, provides technical and professional intraoperative neuromonitoring surgical support services primarily associated with spine and head surgeries. The company is based in Denver, Colorado.
Companies with net debt/ebitda similar to Assure
- Avalon Advanced Materials has Net debt/EBITDA of -4.63
- Ucore Rare Metals has Net debt/EBITDA of -4.63
- Team17 PLC has Net debt/EBITDA of -4.63
- Mexus Gold US has Net debt/EBITDA of -4.63
- PetroShale has Net debt/EBITDA of -4.62
- Nugen Medical Devices Inc has Net debt/EBITDA of -4.62
- Assure has Net debt/EBITDA of -4.62
- IWS has Net debt/EBITDA of -4.62
- Science plc has Net debt/EBITDA of -4.62
- Landstar System has Net debt/EBITDA of -4.62
- Haitian International has Net debt/EBITDA of -4.61
- Krones AG has Net debt/EBITDA of -4.61
- Krones AG has Net debt/EBITDA of -4.61