Datable Technology Net debt/EBITDA
What is the Net debt/EBITDA of Datable Technology?
The Net debt/EBITDA of Datable Technology Corporation is -2.57
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 Technology sector on TSXV compared to Datable Technology
What does Datable Technology do?
Datable Technology Corporation, a technology company, provides consumer digital and social media engagement, data mining, and loyalty solutions primarily in Canada and the United States. The company offers PLATFORM³, a software as a service consumer marketing platform that enables consumer packaged goods companies and consumer brands to build and launch promotions and special offers on the mobile phone. It operates in consumer Internet advertising sector. The company was formerly known as 3Tl Technologies Corp. and changed its name to Datable Technology Corporation in May 2018. Datable Technology Corporation was founded in 2008 and is headquartered in Vancouver, Canada.
Companies with net debt/ebitda similar to Datable Technology
- 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
- ICICI Lombard General Insurance has Net debt/EBITDA of -2.57
- Overactive Media Corp has Net debt/EBITDA of -2.57
- SRT Marine Systems Plc has Net debt/EBITDA of -2.56
- L.D.C. S.A has Net debt/EBITDA of -2.56