Dívida Líquida/EBITDA
- Created by
- Renato Passos, Eng. de Software
- Reviewed by
- Renato Passos, Eng. de Software
Last updated: Apr 18, 2026
About this calculator
The Net Debt/EBITDA calculator is a tool to assess a company's financial leverage. It divides net debt (total debt minus cash and equivalents) by EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), generating a ratio that measures the company's ability to pay debts with operating profits. Lower values indicate lower debt risk.
This metric is widely used by investors, analysts, and managers to compare the financial health of companies across sectors. For example, a company with a Net Debt/EBITDA of 3.0 suggests it would take three years to pay off debts with current operating profits. A ratio above 5.0 may signal high default risk.
When using this calculator, consider factors like industry nature (capital-intensive sectors often have higher ratios) and cash flow stability. Extreme values should be analyzed alongside other indicators, such as operating margins and liquidity, to avoid simplistic conclusions about debt sustainability.
Frequently asked questions
What does the Net Debt/EBITDA calculator measure?
It measures the relationship between a company's net debt and its EBITDA, indicating the ability to repay debt with operating profits.
What is the ideal value for this ratio?
There's no universal ideal value. Healthy companies often stay below 3.0, but sectors like energy or construction may have higher ratios due to capital requirements.
How does Net Debt/EBITDA compare to other ratios?
Unlike the Debt/EBIT ratio, it considers available cash. It's more comprehensive than the Gearing ratio, which focuses only on debt and equity.
Why is sector analysis important?
Capital-intensive sectors (like steel) have higher ratios due to investment needs. Comparing companies without sector adjustments can lead to incorrect conclusions.