Questerre Net debt/EBITDA
What is the Net debt/EBITDA of Questerre?
The Net debt/EBITDA of Questerre Energy Corp. is -1.15
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 Energy sector on TSX compared to Questerre
What does Questerre do?
Questerre Energy Corporation acquires, explores, and develops non-conventional oil and gas projects in Canada. It produces tight oil, oil shale, shale oil, and shale gas. The company primarily holds 40,800 acres located in Kakwa, west central Alberta, including a 25% working interest in 10,080 acres in Kakwa Central; 50% working interest in 4,480 acres in Kakwa North; 50% interest in 22,400 acres in Kakwa West; and 50% interest in 3,840 acres in Kakwa South. It also holds 100% working interest in 11,952 acres located in Antler, Saskatchewan; and oil shale assets in Jordan. The company was formerly known as Westpro Equipment Ltd. and changed its name to Questerre Energy Corporation in December 2000. Questerre Energy Corporation was incorporated in 1971 and is headquartered in Calgary, Canada.
Companies with net debt/ebitda similar to Questerre
- Allied Healthcare Product has Net debt/EBITDA of -1.17
- Bastei Lübbe AG has Net debt/EBITDA of -1.17
- TAAT Lifestyle & Wellness has Net debt/EBITDA of -1.17
- EKF Diagnostics plc has Net debt/EBITDA of -1.17
- GTN has Net debt/EBITDA of -1.16
- Atari SA has Net debt/EBITDA of -1.16
- Questerre has Net debt/EBITDA of -1.15
- Tiande Chemical has Net debt/EBITDA of -1.15
- BioXcel Therapeutics Inc has Net debt/EBITDA of -1.15
- Sparx Technology Inc has Net debt/EBITDA of -1.15
- Generex Biotechnology has Net debt/EBITDA of -1.15
- GI Dynamics has Net debt/EBITDA of -1.15
- Verde Bio has Net debt/EBITDA of -1.14