Debt to Capital Ratio means the ratio (expressed as a percentage) of debt to total capital (the sum of debt and equity). This is a measure of financial leverage that the Company considers in capital management planning.
Debt to Capital Ratio means the ratio of Consolidated Indebtedness to Consolidated Capitalization.
Debt to Capital Ratio means the ratio of (a) Consolidated Debt to (b) the sum of Borrower Net Worth plus Consolidated Debt.
Examples of Debt to Capital Ratio in a sentence
Permit the Total Debt to Capital Ratio as of the last day of each fiscal quarter of any fiscal year of the Borrower to exceed 0.50 to 1.00.
More Definitions of Debt to Capital Ratio
Debt to Capital Ratio means the ratio (expressed as a percentage) of debt to total capital (the sum of debt and equity).
Debt to Capital Ratio means the ratio, expressed as a percentage, of (a) Consolidated Debt to (b) Consolidated Net Worth plus Consolidated Debt.
Debt to Capital Ratio means, at any date of determination, the ratio of (a) Consolidated Funded Debt to (b)(i) Consolidated Funded Debt, plus (ii) Consolidated Equity of the Borrower.
Debt to Capital Ratio means, as of any date of determination, the ratio (expressed as a percentage) of (a) all Debt of the Borrower and its Subsidiaries net of cash and Cash Equivalents as of such date on a consolidated basis in excess of $5,000,000; provided that the amount of cash and Cash Equivalents to be deducted pursuant to this clause (a) shall not (x) include any cash or Cash Equivalents that would appear as “restricted” on a consolidated balance sheet of the Borrower and its Subsidiaries or (y) exceed $75,000,000; to (b) the sum of (i) all Debt of the Borrower and its Subsidiaries net of cash and Cash Equivalents as of such date on a consolidated basis in excess of $5,000,000; provided that the amount of cash and Cash Equivalents to be deducted pursuant to this clause (b)(i) shall not (x) include any cash or Cash Equivalents that would appear as “restricted” on a consolidated balance sheet of the Borrower and its Subsidiaries or (y) exceed $75,000,000; plus (ii) all shareholders’ equity of the Borrower as of such date plus (iii) all Permitted Subordinated Debt as of such date; provided further that as of the last day of the fourth full fiscal quarter following the Effective Date and any date thereafter, outstanding Debt under any revolving loan facility of the Borrower or any of its Subsidiaries used for working capital purposes shall be based on a rolling four fiscal quarter average for such Debt.
Debt to Capital Ratio means, with respect to PPL Montana and its Core Subsidiaries, the ratio as of the end of the last fiscal quarter for which internal financial statements are available of (i) the aggregate principal amount of Indebtedness of such Persons then outstanding to (ii) Total Capitalization.
Debt to Capital Ratio means, as of any date of determination, the ratio (expressed as a percentage) of (a) all Indebtedness of the Borrower and its Subsidiaries net of cash and cash equivalents as of such date on a consolidated basis in excess of $5,000,000; provided that the amount of cash and cash equivalents to be deducted pursuant to this clause (a) shall not include any cash or cash equivalents that would appear as “restricted” on a consolidated balance sheet of the Borrower and its Subsidiaries; to (b) the sum of (i) all Indebtedness of the Borrower and its Subsidiaries net of cash and cash equivalents as of such date on a consolidated basis in excess of $5,000,000; provided that the amount of cash and cash equivalents to be deducted pursuant to this clause (b)(i) shall not include any cash or cash equivalents that would appear as “restricted” on a consolidated balance sheet of the Borrower and its Subsidiaries; plus (ii) all shareholders’ equity of the Borrower as of such date; provided further that outstanding Indebtedness under any revolving loan facility of the Borrower or any of its Subsidiaries used for working capital purposes shall be based on a rolling four fiscal quarter average for such Indebtedness.
Debt to Capital Ratio means Debt divided by Capital. "Debt" shall mean the sum of short term debt, the current portion of long term debt and long term debt, all as reported in or determined from a balance sheet at the end of a year or other period. "Capital" shall mean the sum of (i) short term debt, (ii) long term debt, (iii) current portion of long term debt, (iv) total minority interest and (v) stockholders' equity, all as reported in or determined from a balance sheet at the end of a year or other period.