Solarvest Bio Net debt/EBITDA
What is the Net debt/EBITDA of Solarvest Bio?
The Net debt/EBITDA of Solarvest BioEnergy, Inc. is -15.31
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 Industrials sector on TSXV compared to Solarvest Bio
What does Solarvest Bio do?
Solarvest BioEnergy Inc. engages in the development of algal-based production systems to produce natural based green commercial products in Canada and internationally. The company provides human nutrition products, including omega-3; and pharmaceutical ingredients for human health comprising cannabinoids in algae and bone morphogenetic protein for the treatment of repairing bone fractures. It has a collaborative research and development agreement with FSD Pharma Inc. to develop algae-based pharmaceutical grade cannabinoids. The company was incorporated in 2005 and is based in Vancouver, Canada.
Companies with net debt/ebitda similar to Solarvest Bio
- Leveljump Healthcare has Net debt/EBITDA of -15.38
- Mineral Mountain Mining & Milling Co has Net debt/EBITDA of -15.37
- Century Sage Scientific has Net debt/EBITDA of -15.35
- iAnthus Capital has Net debt/EBITDA of -15.34
- China Apex has Net debt/EBITDA of -15.34
- VIQ Solutions has Net debt/EBITDA of -15.32
- Solarvest Bio has Net debt/EBITDA of -15.31
- IPE has Net debt/EBITDA of -15.30
- EnerDynamic Hybrid Technologies has Net debt/EBITDA of -15.24
- Meta Growth has Net debt/EBITDA of -15.23
- Powerlong Commercial Management has Net debt/EBITDA of -15.23
- Chinese People has Net debt/EBITDA of -15.20
- PacRay International has Net debt/EBITDA of -15.19