Blacksteel Net debt/EBITDA
What is the Net debt/EBITDA of Blacksteel?
The Net debt/EBITDA of Blacksteel Energy Inc. is -61.43
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 Blacksteel
What does Blacksteel do?
Blacksteel Energy Inc. explores, develops, and produces oil and natural gas resources. Its primary asset is a 30% working interest in producing oil and gas in the Girouxville area in Northwest Alberta. The company is based in Calgary, Canada.
Companies with net debt/ebitda similar to Blacksteel
- MOBOTIX AG has Net debt/EBITDA of -62.79
- Western Digital has Net debt/EBITDA of -62.62
- AMA has Net debt/EBITDA of -62.43
- GuangDong SongYang Recycle Resources CO.,LTD has Net debt/EBITDA of -62.32
- QAD has Net debt/EBITDA of -62.11
- Central Iron Ore has Net debt/EBITDA of -62.03
- Blacksteel has Net debt/EBITDA of -61.43
- Best Food has Net debt/EBITDA of -61.19
- Postal Savings Bank of China Co has Net debt/EBITDA of -60.76
- Intercontinental Gold and Metals has Net debt/EBITDA of -60.73
- SIFCO Industries has Net debt/EBITDA of -60.58
- YSS has Net debt/EBITDA of -60.39
- Sunora Foods has Net debt/EBITDA of -60.04