Net Debt / EBITDA shows the relationship between Net Debt and EBITDA.
EBITDA abbreviates 'Earnings before Interest and Taxes, Depreciation and Amortisation'.
Net Debt shows the company's indebtedness and (+) positive value show Net Debt and (-) negative Net Cash. Net Debt/EBITDA shows the size of the Net Debt against the company's earnings (EBITDA).
Some industries (e.g. real estate, oil & gas, shipping) with high levels of borrowing often have high Net Debt/EBITDA.