net leverage definition
net leverage means net debt divided by last quarter annualised Adjusted EBITDA.
net leverage means the ratio of net financial debt (sum of interest-bearing loans and borrowings, current and non-current, less cash and cash equivalents) to Adjusted EBITDA.
net leverage means net debt divided by annualised Adjusted EBITDA.
More Definitions of net leverage
net leverage means net debt divided by Adjusted EBITDA for the preceding twelve months;
net leverage means, in respect of any Calculation Period, the ratio of Consolidated Total Net Borrowings to EBITDA in respect of the Calculation Period;
net leverage means, at any applicable date, the ratio of Funded Debt to EBITDA.
net leverage has the meaning given to that term in Clause 19.3 (Financial Definitions);
net leverage. In respect of any Relevant Period, the ratio of Net Funded Debt on the last day of that Relevant Period to Adjusted EBITDA in respect of that Relevant Period.
net leverage means, at any applicable date, the ratio of Funded Debt to EBITDA. “Notes” means each and both of the Revolving Credit Note and the Term Note.
net leverage means the ratio of Consolidated Debt, less free cash and cash equivalents to Consolidated EBITDA. Quarter Date means 31 March, 30 June, 30 September and 31 December. Ship and Ships means the vessels owned by and registered (or to be owned by and registered) in the name of the Guarantor or any of its Subsidiaries or operated by the Guarantor or any of its Subsidiaries pursuant to a lease or other operating agreement constituting a capital lease obligation, in each case with all related equipment and any additions or improvements.