Tuesday Morning Net debt/EBITDA
What is the Net debt/EBITDA of Tuesday Morning?
The Net debt/EBITDA of Tuesday Morning Corporation is -64.65
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 Staples sector on OTC compared to Tuesday Morning
What does Tuesday Morning do?
Tuesday Morning Corporation operates as an off-price retailer in the United States. The company offers various products, such as upscale home textiles, home furnishings, housewares, gourmet food products, pet supplies, bath and body products, toys, and seasonal décor products. As of June 30, 2020, it operated approximately 685 stores in 39 states. The company was founded in 1974 and is headquartered in Dallas, Texas. On May 27, 2020, Tuesday Morning Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Texas.
Companies with net debt/ebitda similar to Tuesday Morning
- Global Fashion S.A has Net debt/EBITDA of -66.26
- Husky has Net debt/EBITDA of -66.13
- China Travel International Investment Hong Kong has Net debt/EBITDA of -66.03
- Solartech International has Net debt/EBITDA of -65.87
- Pro-Pac Packaging has Net debt/EBITDA of -65.44
- CURO Corp has Net debt/EBITDA of -64.94
- Tuesday Morning has Net debt/EBITDA of -64.65
- Asia Standard Hotel has Net debt/EBITDA of -64.62
- NeuPath Health has Net debt/EBITDA of -64.10
- LiveRamp Inc has Net debt/EBITDA of -63.96
- Vipshop Ltd has Net debt/EBITDA of -63.73
- Brand Architekts plc has Net debt/EBITDA of -63.30
- Polynovo has Net debt/EBITDA of -63.29