Interest Coverage definition
Interest Coverage means as of the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four fiscal quarters of the Company ending on such date of determination.
Interest Coverage means the ratio of Consolidated EBITDA to Consolidated Interest Expense.
Interest Coverage means the ratio of EBIT to interest expense.
Examples of Interest Coverage in a sentence
Permit the Unencumbered Interest Coverage Ratio, as of the last day of any fiscal quarter of the Parent Guarantor, to be less than 1.75 to 1.0. (h) Unencumbered Asset Value.
As of the last day of any fiscal quarter (commencing with the fiscal quarter ended on or about December 3, 2016), permit the Consolidated Interest Coverage Ratio for the Reference Period ending on such day to be less than 3.00 to 1.00.
As of all dates of determination, the Interest Coverage Ratio shall be at least 3.5:1.0 (the “Minimum Interest Coverage Ratio”).
For the Borrower only, permit the Interest Coverage Ratio to fall below 2.25:1.00 in any fiscal year.
More Definitions of Interest Coverage
Interest Coverage means, as of any date, a ratio equal to the ratio of (a) the Consolidated EBITDA of the Borrower for the period of four consecutive fiscal quarters of the Borrower ending with the most recent fiscal quarter for which the Borrower has delivered to the Banks, or is required under Section 7A.1(i) to have delivered to the Banks, financial statements of the Borrower to (b) the Consolidated Interest Expense of the Borrower for such period of four consecutive fiscal quarters.
Interest Coverage as at the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four (4) fiscal quarters of the Borrowers ending on such date of determination.
Interest Coverage means, for any period, total interest expense (including that attributable to Capital Leases under GAAP) of the Consolidated Group on a consolidated basis determined in accordance with GAAP.
Interest Coverage means the ratio of EBIT to Interest Expense.
Interest Coverage for any period shall mean the ratio of (1) ----------------- EBITDA to
Interest Coverage means the ratio of (a) the sum of (i) Adjusted Pre-tax Earnings and (ii) Interest Expense to (b) Interest Expense in respect of any period, excluding from Interest Expense for the purpose of clause (b) interest incurred in respect of indebtedness which is effectively postponed in favour of the Bank;
Interest Coverage means the ratio of EBIT or EBITDA to interest expense. Net Income may be adjusted for special charges.