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 budget is reflected in the Statement of Operations and Accumulated Surplus and the Statement of Changes in Net Debt.
The Company uses the following non-IFRS measures: Adjusted Operating Earnings, Adjusted Earnings per Share, Adjusted EBITDA, Adjusted EBITDA Margin, Construction Capital, Net Debt, Free Cash Flow and Return on Net Assets.
Net Debt, a non-GAAP financial measure, is gross debt less cash and restricted funds.
The Company will not, and will not permit any Subsidiary to, incur, directly or indirectly, any Indebtedness unless the pro forma Net Debt to EBITDA Ratio at the date of such incurrence is less than 3.00 to 1.00.
The Company defines Net Debt as Total Debt less Cash and Cash Equivalents.
More Definitions of Net Debt
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, 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 Debt for Borrowed Money less Cash and Cash Equivalents.
Net Debt means the sum of the outstanding principal amount of the senior secured notes, interest thereon, amounts outstanding under the revolving credit facility and deferred consideration payable in relation to the acquisition of portfolio investments, less cash and cash equivalents. Net debt is presented because it indicates the level of debt after taking out of 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 for the period ended 30 June 2020 is as follows:
Net Debt means long-term debt and bank loans, including the current portion thereof, net of cash and cash equivalents.
Net Debt means gross debt less cash and cash equivalents (cash plus marketable investment securities);
Net Debt means, as of the date of determination, the aggregate amount of Indebtedness of Oi and its consolidated subsidiaries, less cash and cash equivalents and consolidated marketable securities recorded as current assets (except for any Capital Stock in any Person) in all cases determined in accordance with IFRS and as set forth in the most recent consolidated balance sheet of Oi.