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, 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.

Examples of Interest Coverage in a sentence

  • UNIT VIII: FINANCIAL ANALYSIS THROUGH RATIOSComputation, Analysis and Interpretation of financial statements through Liquidity Ratios (Current and Quick ratio), Activity ratios(Inventory Turnover Ratio and Debtor Turnover Ratio), Capital Structure Ratios (Debt- Equity Ratio, Interest Coverage Ratio) and Profitability ratios (Gross Profit Ratio, Net Profit Ratio, Operating Ratio, P/E Ratios and EPS), Du Pont Chart.

  • Permit the Consolidated Interest Coverage Ratio as of the end of any Fiscal Quarter to be less than 3.50 to 1.00.

  • The Company and its Subsidiaries will have Interest Coverage of not less than (i) *** to 1.00 as of the end of the Fiscal Quarter ending April 30, 2023, July 31, 2023, and October 31, 2023; (ii)*** to 1.00 as of the end of the Fiscal Quarter ending January 31, 2024, April 30, 2024, and July 31, 2024; and (iii) *** to 1.00 as of the end of the Fiscal Quarter ending October 31, 2024 and as of the last day of each subsequent Fiscal Quarter thereafter.


More Definitions of Interest Coverage

Interest Coverage means the ratio of EBIT to interest expense.
Interest Coverage for any period shall mean the ratio of (1) ----------------- EBITDA to (2) Total Interest.
Interest Coverage ratio for the fiscal quarter ending February 29, 2000 shall be computed for that quarter alone. The "Interest Coverage" ratio for the fiscal quarter ending on May 31, 2000 shall be computed for the six-month period ending on such date. The "Interest Coverage" ratio for the fiscal quarter ending August 31, 2000 shall be computed for the nine-month period ending on such date. The "Interest Coverage" ratio for the fiscal quarter ending on November 30, 2000 and each fiscal quarter thereafter shall be computed for the twelve-month period ending on the last day of such quarter. For purposes of Section 7.1(R), for any period, the numerator of the "Interest Coverage" ratio shall be the consolidated net income of Borrowers before interest and taxes as determined in accordance with GAAP, and the denominator shall be total consolidated cumulative interest expenses of Borrowers for such period.
Interest Coverage means the ratio of EBIT to Interest Expense.
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.