Cal-Maine Foods Net debt/EBITDA
What is the Net debt/EBITDA of Cal-Maine Foods?
The Net debt/EBITDA of Cal-Maine Foods, Inc. is -2.59
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 NASDAQ compared to Cal-Maine Foods
What does Cal-Maine Foods do?
we are the largest producer and marketer of shell eggs in the united states. in fiscal 2012, we sold approximately 884.3 million dozen shell eggs, which represented approximately 19% of domestic shell egg consumption. our total flock of approximately 26.2 million layers and 6.6 million pullets and breeders is the largest in the united states. layers are mature female chickens, pullets are young female chickens usually under 20 weeks of age, and breeders are male or female chickens used to produce fertile eggs to be hatched for egg production flocks. we operate in a single segment. our primary business is the production, grading, packaging, marketing and distribution of shell eggs. we sell most of our shell eggs in 29 states, primarily in the southwestern, southeastern, mid-western and mid-atlantic regions of the united states. we market our shell eggs through our extensive distribution network to a diverse group of customers, including national and regional grocery store chains, club s
Companies with net debt/ebitda similar to Cal-Maine Foods
- Penumbra Inc has Net debt/EBITDA of -2.60
- Airbus SE has Net debt/EBITDA of -2.60
- Beijing Yuanliu Hongyuan Electronic Technology Co has Net debt/EBITDA of -2.59
- CubicFarm Systems has Net debt/EBITDA of -2.59
- Honliv Healthcare Management has Net debt/EBITDA of -2.59
- TripAdvisor has Net debt/EBITDA of -2.59
- Cal-Maine Foods has Net debt/EBITDA of -2.59
- Elixirr International plc has Net debt/EBITDA of -2.59
- Mesoblast has Net debt/EBITDA of -2.58
- Victrex Plc has Net debt/EBITDA of -2.58
- Datable Technology has Net debt/EBITDA of -2.57
- China Automotive Interior Decoration has Net debt/EBITDA of -2.57
- Fenix Resources has Net debt/EBITDA of -2.57