Pacific Ventures Net debt/EBITDA
What is the Net debt/EBITDA of Pacific Ventures?
The Net debt/EBITDA of Pacific Ventures Group, Inc. is -55.69
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 OTC compared to Pacific Ventures
What does Pacific Ventures do?
Pacific Ventures Group, Inc., through its subsidiaries, produces, sells, and distributes alcohol-infused ice creams and ice-pops. It sells its alcohol-infused ice-pops and ice creams under the SnöBar brand name. The company is also involved in the sale and lease of freezers, as well as the provision of marketing services; and wholesale and retail of fresh and specialty produce, and food products to restaurants, hotels, clubs and bars, resorts, food trucks, and caterers. Pacific Ventures Group, Inc. is headquartered in Los Angeles, California.
Companies with net debt/ebitda similar to Pacific Ventures
- Datronix has Net debt/EBITDA of -55.89
- Alterra has Net debt/EBITDA of -55.86
- Mountain China Resorts () has Net debt/EBITDA of -55.86
- Glorious Property has Net debt/EBITDA of -55.84
- Pipestone has Net debt/EBITDA of -55.83
- Tysan has Net debt/EBITDA of -55.71
- Pacific Ventures has Net debt/EBITDA of -55.69
- Slm Solutions Grp Z.Verk has Net debt/EBITDA of -55.56
- Rewardle has Net debt/EBITDA of -55.55
- Itau Unibanco S.A has Net debt/EBITDA of -55.54
- OKG Technology has Net debt/EBITDA of -55.49
- Pacific Mercantile Bancorp has Net debt/EBITDA of -55.38
- Rosetta Stone has Net debt/EBITDA of -55.30