BD/EBITDA Ratio definition
BD/EBITDA Ratio. The ratio of (i) the Consolidated Total Debt minus the obligations arising from the purchase price of Permitted Account Sales and other forms of off-balance sheet financing as of the last day of a fiscal quarter, to (ii) EBITDA for the period of four fiscal quarters ending on such date, all calculated for PCI and its Subsidiaries on a consolidated basis.
BD/EBITDA Ratio. The ratio of (i) the consolidated indebtedness for borrowed money of PDC and its Subsidiaries as of the last day of a fiscal quarter, to (ii) EBITDA for the period of four fiscal quarters ending on such date.