**Id:**`net_debt_to_ebit`

**Type:**`fundamentals`

**Subtype:**`ratios`

**Units:**`ratio`

**Decimal Points:**`2`

**Currency Convertible:**`No`

**Tags:**`“net debt/EBIT ratio”, “net debt to EBIT”, “adjusted debt/EBIT ratio”, “net leverage ratio”, “net debt to operating income ratio”`

Net debt/EBIT ratio is a measure of a company’s ability to pay off its debt using its earnings before interest and taxes (EBIT). It shows how many years it would take for a company to repay its debt after subtracting its cash and cash equivalents. The formula for net debt/EBIT ratio is:
Where:
- Net debt is R0015, net_debt
- Trailing 12 month EBIT is TM008, ttm_oper_inc

`Net debt/EBIT ratio = Net debt / Trailing 12 month EBIT`