Interest Cover Ratio definition
Interest Cover Ratio means, with respect to any Test Period, the ratio of (i) EBITDA for such Test Period to (ii) Net Interest Payable during such Test Period.
Interest Cover Ratio means the ratio of the Group’s consolidated EBITDA to interest expenses for the previous period of twelve (12) months.
Interest Cover Ratio means the ratio of EBITDA to Net Interest Payable, calculated in accordance with Clause 15.4.
Examples of Interest Cover Ratio in a sentence
The Interest Cover Ratio for any Test Period shall be not less than 3.50:1.
The Borrower will procure that the Group’s Interest Cover Ratio shall be minimum 2.5 : 1 throughout the term of this Agreement.
The Interest Cover Ratio of the Group was [ ] while the Interest Cover Ratio shall be no less than 2.5:1.
The Interest Cover Ratio of the Group was [ ] while the Interest Cover Ratio shall be [—].
The Parent will procure that the Group’s Interest Cover Ratio shall be minimum 2.5 : 1.
More Definitions of Interest Cover Ratio
Interest Cover Ratio means the ratio of Consolidated EBITDA to Net Finance Charges on a Group consolidated basis for the Relevant Period ending on the last day of the period covered by the most recent consolidated financial statements published by the Issuer in accordance with Clause 9.1.1.
Interest Cover Ratio means the ratio of EBITDA to Net Finance Charges, calculated in accordance with Clause 14.3 (Calculation of Interest Cover Ratio).
Interest Cover Ratio or “ICR” means the debt/profitability ratio used to determine how easily a company can pay interest on outstanding debt;
Interest Cover Ratio means the ratio of EBITDA to Total Interest Expenses.
Interest Cover Ratio means the ratio of Cash EBITDA to the Group's net interest expenses calculated for the Relevant Period.
Interest Cover Ratio means, in respect of any Relevant Period, the ratio of EBITDA of the Group in respect of that Relevant Period to Net Cash Finance Interest Adjusted For Leases in respect of that Relevant Period.
Interest Cover Ratio means the ratio of EBITDA to Net Finance Charges.