Consolidated Debt Ratio means, as of any date of determination, the ratio of (1) the aggregate amount of Debt of the Parent and its Restricted Subsidiaries then outstanding as of such date of determination to (2) Consolidated EBITDA for the most recent four consecutive fiscal quarters for which internal financial statements of the Parent are available, in each case with pro forma and other adjustments to each of Debt and Consolidated EBITDA to reflect any incurrences or repayments of Debt and any acquisitions or dispositions of businesses or assets since the beginning of such four consecutive fiscal quarter period (which pro forma and other adjustments will be determined in good faith by a responsible financial or accounting officer of the Parent and shall not be required to be made in accordance with Regulation S-X promulgated by the Commission).
Consolidated Debt Ratio as of any date of determination means, the ratio of (1) Consolidated Total Indebtedness of the Company and its Restricted Subsidiaries as of the end of the Applicable Measurement Period to (2) the Company’s Consolidated EBITDA for the Applicable Measurement Period, in each case with such pro forma adjustments to Consolidated Total Indebtedness and Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of “Consolidated Fixed Charge Coverage Ratio.”
Consolidated Debt Ratio means, as of any time, the ratio of (a) Total Consolidated Debt to (b) the sum of (i) Total Consolidated Debt, (ii) the aggregate value of stockholders’ equity (as set forth in the then most current consolidated balance sheet of the Holding Company) but excluding unrealized gains and losses reflected in other comprehensive income in respect of qualified and non-qualified defined benefit pension plans, as well as other post-retirements benefit plans of the Borrowers and their Consolidated Subsidiaries, and (iii) the aggregate value of all preferred stock (as set forth in the most current consolidated balance sheet of the Holding Company).
Examples of Consolidated Debt Ratio in a sentence
To the extent the Corporation’s Consolidated Debt Ratio is less than 3.0 to 1.0, the sum of 50 percent of income before interest, taxes, depletion and depreciation and non-cash items from January 1, 2011 to the end of the most recently completed fiscal quarter plus 100 percent of the fair market value of any equity contributions made to the Corporation during that period less the sum of all restricted payments during that period.
To the extent the Company’s Consolidated Debt Ratio is greater than or equal to 3.0 to 1.0 pro forma for the proposed restricted payment, $50 million plus 100 percent of the fair market value of any equity contributions made to the Company.
Reinstate the requirement to maintain a Consolidated Debt Ratio of less than 4.0 to 1.0 effective for the quarter ending June 30, 2015.
Revise the Consolidated Debt Ratio for the quarters ending December 31, 2015 and March 31, 2016 such that the Corporation will be required to maintain a Consolidated Debt Ratio not exceeding 5.0 to 1.0.
To the extent the Company’s Consolidated Debt Ratio is greater than or equal to 3.0 to 1.0 pro forma for the proposed restricted payment, $50 million plus 100% of the fair market value of any equity contributions made to the Company.The Company was in compliance with all covenants at March 31, 2017.At March 31, 2017 the senior notes are presented net of $0.7 million in issue costs which are amortized using a weighted average effective interest rate of 9.2%.
More Definitions of Consolidated Debt Ratio
Consolidated Debt Ratio means, at the end of any Fiscal Quarter, the ratio of (i) Adjusted Total Debt at the end of such Fiscal Quarter to (ii) Adjusted EBITDA for the period of four consecutive Fiscal Quarters then ended.
Consolidated Debt Ratio of any Person means, as of a date of determination and for any period, the ratio of (i) the Consolidated Debt of such Person as of such date of determination, to (ii) the Consolidated EBITDA of such Person for such period.
Consolidated Debt Ratio means, as of any date of determination, the ratio of (1) Consolidated Total Indebtedness of the Issuer and its Subsidiaries computed as of the end of the Applicable Measurement Period to (2) the Issuer’s Adjusted Pro Forma EBITDA for the Applicable Measurement Period, provided, that for the calculation of Consolidated Total Indebtedness and Adjusted Pro Forma EBITDA giving appropriate pro forma effect to such incurrence, assumption, guarantee, redemption, repayment, retirement or extinguishment of Indebtedness, or such issuance or redemption of Disqualified Stock or Preferred Shares (in each case, including a pro forma application of the net proceeds therefrom), as if the same had occurred at the beginning of the Applicable Measurement Period. For purposes of making the computation referred to above, any Specified Transaction that has been made by the Issuer or any of its Subsidiaries during the Applicable Measurement Period or subsequent to such Applicable Measurement Period and on or prior to or simultaneously with the Applicable Calculation Date shall be included in such calculation on a pro forma basis assuming that all such Specified Transactions (and the change in any associated fixed charge obligations and the change in Adjusted Pro Forma EBITDA resulting therefrom) had occurred on the first day of the Applicable Measurement Period. If since the beginning of such period any Person that subsequently became a Subsidiary or was merged or amalgamated with or into the Issuer or any of its Subsidiaries since the beginning of such period shall have made any Specified Transaction that would have required adjustment pursuant to this definition, then the Consolidated Debt Ratio shall be calculated giving pro forma effect thereto for such Applicable Measurement Period as if such Specified Transaction had occurred at the beginning of the Applicable Measurement Period. For purposes hereof, whenever pro forma effect is to be given to a transaction, the pro forma calculations shall be made in good faith by a responsible financial or accounting officer of the Issuer (and may include, for the avoidance of doubt and without duplication, cost savings, operating expense reductions and synergies resulting from any disposition or such Investment, acquisition, disposition, merger, amalgamation or consolidation or other transaction (including the Transactions)).
Consolidated Debt Ratio means, as of any date of determination, the ratio of (1) GenOn’s Consolidated Total Indebtedness as of the applicable ratio calculation date, minus Cash Equivalents included on the balance sheet of the Company as of the end of the most recent fiscal quarter ended prior to such date for which internal financial statements are available, to (2) GenOn’s EBITDA for the most recently ended Test Period.
Consolidated Debt Ratio means, at any time, the ratio of (a) Total Consolidated Debt to (b) the sum of: (i) consolidated short-term debt for borrowed money of the Borrowers, (ii) consolidated long-term debt of the Borrowers, (iii) the aggregate value of stockholders' equity (as set forth in the most current consolidated balance sheet of the Holding Company), and (iv) the aggregate value of all preferred stock (as set forth in the most current consolidated balance sheet of the Holding Company).
Consolidated Debt Ratio means, as of any date of determination, the ratio of (a) Consolidated Debt as of such date of determination to (b) Consolidated Proforma Operating Cash Flow for the period of four consecutive fiscal quarters ending immediately preceding such date of determination. For purposes of determining the Consolidated Debt Ratio, Consolidated Proforma
Consolidated Debt Ratio means, as of any date of determination, the ratio of (a) Consolidated Debt as of such date of determination to (b) Consolidated Proforma Operating Cash Flow for the period of four consecutive fiscal quarters ending immediately preceding such date of determination. For purposes of determining the Consolidated Debt Ratio, Consolidated Proforma Operating Cash Flow shall include the historical financial results of any "business", as defined in Regulation S-X (17 CFR 210), acquired during such period of four consecutive fiscal quarters, calculated as if such business entity had been acquired on the first day of such four quarter fiscal period (to the extent such results are not already reflected in the consolidated financial results of the Company and its Subsidiaries), and shall also give effect, on a pro forma basis, to the incurrence of Debt in connection with the acquisition of a business and the application of the proceeds thereof, including retirement of any Debt of such business.