Net Debt definition
Net Debt is calculated by adding short-term and long-term debt and subtracting cash and liquid assets.
Net Debt means, at any time, the aggregate outstanding principal amount of all debt (including, without limitation, the principal portion of all capitalized leases) of the Borrower and its Subsidiaries (determined on a consolidated basis in accordance with GAAP) less the sum of (without duplication);
Net Debt means the amount necessary to liquidate the remaining debt in a single lump sum payment, excluding all unearned interest and other unearned finance charges.
Examples of Net Debt in a sentence
The scope of the disputes to be resolved by the Accountant shall be solely limited to whether the determination of Net Debt as of the Distribution Effective Time was done in accordance with this Section 2.16 (including the other definitions utilized in, and related to, Net Debt), and whether there were mathematical errors in the Statement.
More Definitions of Net Debt
Net Debt means the sum of the outstanding principal amount of the senior secured notes and asset-backed loans, interest thereon, amounts outstanding under the revolving credit facility and deferred consideration payable in relation to the acquisition of portfolio investment, less cash and cash equivalents. Net debt is presented because it indicates the level of debt after removing the Group’s assets that can be used to pay down outstanding borrowings, and because it is a component of the maintenance covenants in the revolving credit facility. The breakdown of net debt as at 30 June 2024 is as follows:
Net Debt means, as of any date of determination, the aggregate amount of Indebtedness (except for intercompany Indebtedness as among the Company and its Subsidiaries) of the Company and its Subsidiaries, plus any scheduled payments owing by the Company or its Subsidiaries for Fines less the sum of cash and cash equivalents, including marketable securities.
Net Debt means Debt for Borrowed Money less Cash and Cash Equivalents.
Net Debt means, at any time and on a consolidated basis, the aggregate amount of all obligations of the Company for or in respect of Financial Indebtedness at that time but:
Net Debt means gross debt less cash and cash equivalents (cash plus marketable investment securities);
Net Debt means, as of the last day of a given fiscal year of the Company, the excess of (a) Consolidated Total Indebtedness (as defined in the Credit Agreement) of the Company over (b) the amount of cash and cash equivalents set forth on the Company’s balance sheet.
Net Debt means Financial Indebtedness less cash and cash equivalents.