Fixed Charge Coverage Ratio Calculation. ( a ) EBITDA $
Fixed Charge Coverage Ratio Calculation. (a) EBITDA $___________ (b) Capital Expenditure Reserve $___________ (attach quarterly average calculation) (c) (a) - (b) $___________ (d) Principal paid and due and payable plus Interest Expense $___________ plus cash dividends on preferred stock (e) Fixed Charge Coverage Ratio ((c) to (d))(3) ______: 1.00
Fixed Charge Coverage Ratio Calculation. Earnings Add back (deduct): Tax expense Minority Interest Dilution gain Interest Interest income Unrealized exchange (gains) losses Amortization (per cash flow) Non Cash Stock Option Compensation Acquisition adjustment Adjusted earnings to EBITDA Less: Cash taxes Sustaining Capital Expenditures Total interest expense – last 12 months Other debt payments Total SunOpta Current Debt Scheduled payments (Based on Schedule P) – next 12 months Payment commitments including P & I Ratio of EBITDA to payment/interest commitments Required Minimum Excess Ratio Amount Excess EBITDA in dollars IN COMPLIANCE: Yes or No
Fixed Charge Coverage Ratio Calculation. Net Earnings before One Time Charges $___________ Income Taxes ___________ Consolidated Interest Expense ___________ Depreciation & Amortization ___________ Consolidated Rental Expense ___________ Minus: Cash One Time Charges $___________ EBITDAR $___________ Consolidated Interest Expense $___________ Consolidated Rental Expense ___________ Total Fixed Charges $___________ Fixed Charge Coverage ___________
Fixed Charge Coverage Ratio Calculation. The rolling twelve month Fixed Charge Coverage Ratio as of September 28, 2002 for Key Tronic Corporation was 6.0 : 1.0 calculated as follows: EBITDA $ 7,496,000 Minus: Cash Capital Expenditures $ 1,483,000 Total (A) $ 6,013,000 Divided by: All Scheduled Interest Obligations $ 993,000 Plus: Scheduled Principal Payments on Indebtedness $ 9,000 Plus: Payments to F&G $ 0 Total (B) $ 1,002,000 Fixed Charge Coverage Ratio (A ÷ B) = 6.0 : 1.0 Exhibit B FORM OF EQUIPMENT LOAN PROMISSORY NOTE February 1, 2003 $500,000 FOR VALUE RECEIVED, the undersigned, Key Tronic Corporation a Washington corporation (the “Company”), promises to pay to the order of THE CIT GROUP BUSINESS CREDIT, INC. (herein “CIT”) at its office located at 300 X. Xxxxx Xxx., 0xx Xxxxx, Xxx Xxxxxxx, Xxxxxxxxxx 00000, in lawful money of the United States of America and in immediately available funds, the principal amount of Five Hundred Thousand Dollars ($500,000) as follows: twelve (12) equal installments of $42,000 each, whereof the first such installment shall be due and payable on March 1, 2003 and subsequent installments shall be due and payable on the first Business Day of each month thereafter until this Note is paid in full; provided, that the entire remaining principal amount then outstanding, together with any accrued and unpaid interest and any and all other amounts due hereunder, shall be due and payable on February 1, 2004. Notwithstanding the foregoing, the entire unpaid principal balance and accrued interest on this Note shall be due and payable immediately upon any termination of the Financing Agreement by Borrower or by CIT in accordance with the terms thereof. The Company further agrees to pay interest at said office, in like money, on the unpaid principal amount owing hereunder from time to time from the date hereof on the date and at the rate specified in Section 8 of the Financing Agreement, dated August 22, 2001 between the Company and CIT (as amended, modified or otherwise supplemented from time to time, the “Financing Agreement”). Capitalized terms used herein and defined in the Financing Agreement shall have the same meanings as set forth therein unless otherwise specifically defined herein. If any payment on this Note becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day, and with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extensi...
Fixed Charge Coverage Ratio Calculation. A. EBITDA of Borrower (A.1 + A.2) $__________ 1. Net Income (1(a) - 1(b) - 1(c) - 1(d)) $__________ (a) the net income (or loss) of the Borrower;* $__________ (b) (i) any net non-cash gain or loss during such period arising from the sale, exchange, retirement, or other disposition of capital assets (such term to include all fixed assets and all securities) other than in the ordinary course of business, and (ii) the cumulative effect of any change in GAAP. $__________ (c) the net income of any Person accrued prior to the date it becomes a Subsidiary of, or has merged into or consolidated with, Borrower or another Subsidiary $__________ (d) the net income of any Person in which Borrower or any of its Subsidiaries has an equity interest in, but which Person is not Borrower, except to the extent of the amount of dividends or other distributions actually paid to Borrower during such period $__________ 2. To the extent reflected as a charge in the statement of Net Income $__________ (2(a) + 2(b) + 2(c) + 2(d) + 2(e)- 2(f)) (a) income tax expense; $__________ (b) Interest Expense; $__________ (c) depreciation and amortization expense; $__________ (d) any write-down of noncurrent assets $__________ (e) the EBITDA of any Person accrued prior to the date it becomes a Subsidiary of, or has merged into or consolidated with Borrower or another Subsidiary $__________ (f) the net income of any Person in which Borrower or any of its Subsidiaries has an equity interest in, but which Person is not a Borrower, except to the extent of the amount of dividends or other distributions actually paid to Borrower during such period $__________
Fixed Charge Coverage Ratio Calculation. A. EBITDA for the twelve month period ending ______ (determined for Parent for such period on a consolidated basis in accordance with GAAP)
Fixed Charge Coverage Ratio Calculation. ($000) Through the fiscal quarter ending Required to be not less than 1.10 to 1.00 -------------------------------------------------------------------------------
Fixed Charge Coverage Ratio Calculation. ( a ) Adjusted EBITDA $ ( b ) Capital Expenditure Reserve $ ( c ) (a)-(b) $
Fixed Charge Coverage Ratio Calculation. The rolling twelve month Fixed Charge Coverage Ratio as of August 23, 2003 for Key Tronic Corporation was 2.25:1.0 calculated as follows: EBITDA $ 6,050,000 Minus: Cash Capital Expenditures $ 1,053,000 Total (A) $ 4,997,000 Divided by: All Scheduled Interest Obligations $ 1,029,000 Plus: Scheduled Principal Payments on Indebtedness $ 407,000 Plus: Payments to F&G $ 783,000 Total (B) $ 2,219,000 Fixed Charge Coverage Ratio (A/B) = 2.25 : 1.0
