New West Services Net debt/EBITDA
What is the Net debt/EBITDA of New West Services?
The Net debt/EBITDA of New West Energy Services Inc. is -208.50
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 TSXV compared to New West Services
What does New West Services do?
New West Energy Services Inc. provides waste management and environmental services to the drilling, completions, and production sectors of the oil and gas industry in Canada. The company operates through two business segments: Vacuum and Water Truck Services, and Environmental Services. Its environmental services cover drilling waste testing, disposal, and treatment; mud system management; disposal management and coordination; pipeline crossings project management; sump suitability assessments; spill response and management; pre-disturbance environmental assessments and approvals; and drilling and completions water management, including TDL application, sourcing, monitoring, and usage tracking. The company was formerly known as Lexacal Investment Corp. and changed its name to New West Energy Services Inc. in October 2007. New West Energy Services Inc. was incorporated in 1986 and is headquartered in Calgary, Canada.
Companies with net debt/ebitda similar to New West Services
- Wheeler Real Estate Investment Trust Inc has Net debt/EBITDA of -214.73
- Wheeler Real Estate Investment Trust Inc has Net debt/EBITDA of -214.73
- Le Saunda has Net debt/EBITDA of -213.38
- Orient Victory Travel has Net debt/EBITDA of -211.57
- Miko International has Net debt/EBITDA of -210.01
- First Property plc has Net debt/EBITDA of -208.83
- New West Services has Net debt/EBITDA of -208.50
- Truist has Net debt/EBITDA of -200.68
- CSSC Offshore & Marine Engineering () has Net debt/EBITDA of -200.63
- New Century Hong Kong has Net debt/EBITDA of -197.64
- Vortiv has Net debt/EBITDA of -197.22
- Bank of Montreal has Net debt/EBITDA of -196.38
- Earthasia International has Net debt/EBITDA of -196.01