Net Interest Bearing Debt definition

Net Interest Bearing Debt means the aggregate interest bearing debt less cash and cash equivalents of the Group in accordance with the applicable accounting principles of the Group from time to time (for the avoidance of doubt, excluding guarantees, bank guarantees, Subordinated Loans, any claims subordinated pursuant to a subordination agreement in form and substance satisfactory to the Agent and interest bearing debt borrowed from any Group Company).

Net Interest Bearing Debt means the aggregate interest bearing debt less cash and cash equivalents of the Group in accordance with the applicable accounting principles of the Group from time to time (for the avoidance of doubt, excluding guarantees, bank guarantees, Shareholder Loans and interest bearing debt borrowed from any Group Company).

Net Interest Bearing Debt means the consolidated interest bearing Financial Indebtedness less cash and cash equivalents of the Group in accordance with the Accounting Principles (for the avoidance of doubt, excluding any Bonds owned by the Issuer, guarantees, bank guarantees, Shareholder Loans, any claims subordinated pursuant to a subordination agreement on terms and conditions satisfactory to the Agent and interest bearing Financial Indebtedness borrowed from any Group Company).

Examples of Net Interest Bearing Debt in a sentence

• The calculation of the Leverage Ratio shall be adjusted so that the Net Interest Bearing Debt for the Reference Period is reduced with an amount equal to the Cure Amount.

• The Net Interest Bearing Debt shall be measured on the relevant testing date so determined, but include the new Financial Indebtedness provided it is an interest bearing obligation (however, any cash balance resulting from the incurrence of the new Financial Indebtedness shall not reduce the Net Interest Bearing Debt).

• Amounts in TNOK Non-recurring items Q4 2020 Q4 2019 12M 2020 2019 Termination of wage compensation for lost pension benefits Restructuring costs - - - 7 500 - - -9 125 7 500 Non-recurring items in EBITDA Impairment - 20 538 7 500- - 20 538 -1 625 58 332 Non-recurring items in EBIT 20 538 7 500 20 538 56 707 Net Interest Bearing Debt (NIBD): Long term borrowings plus short term borrowings less cash and cash equivalents.

• S ignificant Financial Ratios* Description Unit 2020 2019 2018 Net Profit Margin ratio (NPM) % 14.60 18.66 20.35 Return on Equity ratio (XXX) % 5.35 8.38 9.90 Return on Total Assets ratio (ROA) % 2.00 3.24 3.76 Debt to Equity ratio (D/E) Time 1.76 1.62 1.59 Net Interest Bearing Debt to Equity ratio (Net IBD/E) Time 1.50 1.37 1.34 Net Profit Margin ratio, XXX and XXX decreased from the previous year as a result from the decrease in net profit which affected from the COVID-19.

• The Maintenance Test is met if the ratio of Net Interest Bearing Debt to EBITDA is equal to or less than 4.50x.

More Definitions of Net Interest Bearing Debt

Net Interest Bearing Debt means the aggregate interest bearing Financial Indebtedness less Cash and Cash Equivalents of the Group in accordance with the applicable accounting principles of the Group from time to time (for the avoidance of doubt, excluding guarantees, bank guarantees, any claims subordinated pursuant to a subordination agreement and interest bearing Financial Indebtedness borrowed from any Group Company).

Net Interest Bearing Debt means the aggregate interest bearing Financial Indebtedness of the Group, excluding:

Net Interest Bearing Debt means the aggregate interest bearing debt (excluding any interest bearing debt borrowed from any Group Company) less cash and cash equivalents of the Group in accordance with the Accounting Principles and as shown in the Issuer’s consolidated Financial Report.

Net Interest Bearing Debt means the aggregate interest bearing debt (including Finance Leases, but no other leases) less cash and cash equivalents of the Group in accordance with the applicable accounting principles of the Group from time to time (for the avoidance of doubt, excluding guarantees, counter indemnities in respect of bank guarantees, Subordinated Loans and interest bearing debt borrowed from any Group Company).

Net Interest Bearing Debt means the book value of the Group’s total interest-bearing debt in accordance with IFRS less Liquidity.

Net Interest Bearing Debt means the aggregate interest bearing debt and pension provision less Cash and Cash equivalents of the Group in accordance with the applicable accounting principles of the Group from time to time.

Net Interest Bearing Debt means the aggregate interest bearing debt (including also debt instruments with payment in kind interest) less cash and cash equivalent investments (such cash equivalent investments to be calculated in accordance with the applicable accounting principles of the Group from time to time) of the Group (for the avoidance of doubt, excluding loans between members of the Group).