Net Borrowings means, as at any particular time, Total Borrowings less Cash and Cash Equivalent Investments at that time.
Net Borrowings means total borrowings less cash and cash equivalents. A negative figure denotes net cash balance.
Examples of Net Borrowings in a sentence
Net Borrowings means, at any time, Borrowings less cash and deposits beneficially owned by any member of the Group.
The Company undertakes that on each Calculation Date the ratio of Consolidated Total Net Borrowings to EBITDAX of the Group for the Measurement Period shall be less than or equal to 3.50 : 1.00.
Gearing Ratio is equal to Net Borrowings divided by the sum of Total Equity and Net Borrowings.
Net Borrowings is the sum of current and non-current external borrowings less cash and bank balances.
The Company shall not permit Net Borrowings to equal or exceed 70% of Total Assets.
More Definitions of Net Borrowings
Net Borrowings has the meaning given to it in Clause 21 (Financial covenants).
Net Borrowings means, at any time, the remainder of (a) Total Borrowings of the Group at such time less (b) the aggregate amount of the following items held by the Company and its Subsidiaries at such time: cash on hand, marketable securities, investments in money market funds, banker’s acceptances, short-term deposits and other liquid investments.
Net Borrowings means the aggregate of short-term and long-term borrowings net of cash and bank balances of the Group.
Net Borrowings means total borrowings less cash and cash equivalents.
Net Borrowings means the aggregate of the following, without duplication, as of the most recently completed fiscal quarter of the Company for which its published financial statements are available:
Net Borrowings means, in respect of the Company, on a consolidated basis, as of a given date, the aggregate of the following, without duplication: