Canoe EIT Income Fund Net debt/EBITDA
Was ist das Net debt/EBITDA von Canoe EIT Income Fund?
Net debt/EBITDA von Canoe EIT Income Fund ist -23.70
Was ist die Definition von 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 von Unternehmen in Finance Sektor auf OTC im Vergleich zu Canoe EIT Income Fund
Was macht Canoe EIT Income Fund?
Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth and value stocks of mid-cap and large-cap companies. It invests in equity and debt securities of royalty and income trusts, corporations, partnerships, or other issuers. The fund was formerly known as EnerVest Diversified Income Trust. Canoe EIT Income Fund was formed on August 5, 1997 and is domiciled in Canada.
Unternehmen mit net debt/ebitda ähnlich Canoe EIT Income Fund
- PolyMet Mining hat Net debt/EBITDA von -23.81
- Elevation Gold Mining Corporati hat Net debt/EBITDA von -23.77
- ASX hat Net debt/EBITDA von -23.76
- Sparta Commercial Services hat Net debt/EBITDA von -23.73
- Global Bio-chem Technology hat Net debt/EBITDA von -23.72
- Eolus Vind AB (publ) hat Net debt/EBITDA von -23.71
- Canoe EIT Income Fund hat Net debt/EBITDA von -23.70
- Pieridae hat Net debt/EBITDA von -23.68
- International Business Settlement hat Net debt/EBITDA von -23.67
- Mei Ah Entertainment hat Net debt/EBITDA von -23.62
- Ivrnet hat Net debt/EBITDA von -23.62
- G & M hat Net debt/EBITDA von -23.56
- Compass hat Net debt/EBITDA von -23.54