LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”
LTM EBITDA means Consolidated EBITDA of the Issuer measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which consolidated financial statements are available (which may be internal financial statements), in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Consolidated Secured Leverage Ratio.”
LTM EBITDA means EBITDA of the Issuer measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Issuer are available, with such pro forma adjustments giving effect to such Investments, acquisitions, dispositions, mergers, amalgamations, consolidations, discontinued operations, as applicable, since the start of such four-quarter period and on or prior to or substantially concurrently with the date of determination as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”
Examples of LTM EBITDA in a sentence
Leverage ratio based on LTM EBITDA as defined by credit facility covenants for respective periods.
Interim LTM EBITDA is a non-IFRS financial measure which is calculated by the Group as follows: EBITDA for the year ended 31 December 2015 less EBITDA for the six months ended 30 June 2015 plus EBITDA for the six months ended 30 June 2016.
By excluding this expense from EBITDA or Interim LTM EBITDA, these measures do not reflect the Group’s future cash requirements for these replacements.
Net Debt/Interim LTM EBITDA is a non-IFRS financial measure which is calculated by the Group as follows: Net Debt as at 30 June 2016 divided by Interim LTM EBITDA.
Recourse factoring / securitization – Greater of (i) £103 million and (ii) 50% of LTM EBITDA.
More Definitions of LTM EBITDA
LTM EBITDA means, as of any measurement date, EBITDA for the twelve (12) months ended as of the last day of the month immediately preceding such measurement date.
LTM EBITDA means Consolidated EBITDA for the most recent four fiscal quarter period for which financial statements have been delivered pursuant to Section 4.01(f), 6.01(a) or (b), determined on Pro Forma Basis.
LTM EBITDA means the EBITDA of the applicable Obligor for the preceding 12-month period.
LTM EBITDA means, at any time, Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the trailing four (4) quarter period most recently ended, as of the Applicable Date of Determination.
LTM EBITDA means EBITDA of Holdings and its Restricted Subsidiaries on a consolidated basis for the most recently ended four fiscal quarters for which internal financial statements are available immediately preceding the date on which such LTM EBITDA is being calculated determined on a pro forma basis in a manner consistent with the definition of Fixed Charge Coverage Ratio.
LTM EBITDA means, as of any date of determination, Consolidated EBITDA calculated on a Pro Forma Basis on a trailing twelvemonth basis as of the last day of the most recent Test Period.
LTM EBITDA means Consolidated EBITDA of the Borrower measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which consolidated financial statements are available (which may be internal financial statements), in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in Section 1.09; provided, that to the extent LTM EBITDA is being tested as of the last day of any Test Period, the financial statements used for such calculation shall be those referenced in the definition of “Test Period.”