Amarin Corp Net debt/EBITDA
What is the Net debt/EBITDA of Amarin Corp?
The Net debt/EBITDA of Amarin Corp is 91.77
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 NASDAQ compared to Amarin Corp
What does Amarin Corp do?
amarin corporation plc is a biopharmaceutical company focused on the commercialization and development of therapeutics to improve cardiovascular health. amarin's product development program leverages its extensive experience in lipid science and the potential therapeutic benefits of polyunsaturated fatty acids. vascepa® (icosapent ethyl) is amarin's first fda approved product and is available in the united states by prescription. for more information about vascepa visit www.vascepa.com.
Companies with net debt/ebitda similar to Amarin Corp
- Tenaz Corp has Net debt/EBITDA of 90.86
- RumbleON Inc has Net debt/EBITDA of 91.07
- Eagle Point Credit Inc has Net debt/EBITDA of 91.17
- Briggs & Stratton has Net debt/EBITDA of 91.53
- Datang International Power Generation Co has Net debt/EBITDA of 91.56
- Noratis AG has Net debt/EBITDA of 91.60
- Amarin Corp has Net debt/EBITDA of 91.77
- Slate Office REIT has Net debt/EBITDA of 92.17
- Clear Secure has Net debt/EBITDA of 92.21
- Inca One Gold has Net debt/EBITDA of 92.27
- Harvest Capital Credit Corp has Net debt/EBITDA of 92.39
- Minmetals Land has Net debt/EBITDA of 92.94
- King Stone has Net debt/EBITDA of 92.98