TOTAL DEBT TO CAPITALIZATION definition

TOTAL DEBT TO CAPITALIZATION means, the sum for the Customer Group on the last day of the Relevant Period, determined without duplication in accordance with Generally Accepted Accounting Principles, of (a) the aggregate amount of all Indebtedness (other than Contingent Obligations) PLUS (b) the aggregate amount of all Disqualified Capital Stock (excluding, for purposes of this definition, any portion thereof that has been irrevocably and unconditionally defeased by the deposit of cash or securities with the holder or holders, or an agent or trustee for the holder or holders, of such Disqualified Capital Stock in accordance with the instrument governing the terms and conditions of such Disqualified Capital Stock), such sum to be expressed as a percentage of the sum on such date for the Customer Group of (i) the aggregate amount of Funded Debt (other than Contingent Obligations) PLUS (ii) the aggregate amount of all Disqualified Capital Stock (excluding, for purposes of this definition, any portion thereof that has been irrevocably and unconditionally defeased by the deposit of cash or securities with the holder or holders, or an agent or trustee for the holder or holders, of such Disqualified Capital Stock in accordance with the instrument governing the terms and conditions of such Disqualified Capital Stock) PLUS (iii) Consolidated Net Worth.
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TOTAL DEBT TO CAPITALIZATION means the ratio of (a) the sum of Short-Term Indebtedness plus Long-Term Indebtedness (including the current portion of Long-Term Indebtedness) to (b) the sum of Short-Term Indebtedness, Long-Term Indebtedness (including the current portion of Long-Term Indebtedness) and unrestricted net assets of the Borrower. For purposes of this calculation, if the Borrower has entered into any Guaranty of payment of the Long-Term Indebtedness of a Person that is not a Member of the Obligated Group, Long-Term Indebtedness shall include 20% of such guaranteed debt; provided, however, that if during any of the last three fiscal years immediately preceding such calculation, any Member of the Obligated Group has been required under such a Guaranty to make a payment on such guaranteed debt, Long-Term Indebtedness shall include 100% of such guaranteed debt.
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TOTAL DEBT TO CAPITALIZATION means the ratio, expressed as a percentage of (i) Total Debt to (ii) Total Debt plus Tangible Net Worth.
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Examples of TOTAL DEBT TO CAPITALIZATION in a sentence

  • TOTAL DEBT TO CAPITALIZATION –In 2008, the Company reduced its short-term borrowings while contin- uing to invest in the business, leveraging its financial strength to grow the Company, develop new products and expand into new markets and geographic regions.NET OPERATING CASH – In 2008,net operating cash increased $1.7 million to 11.0% of sales.

  • TOTAL DEBT TO CAPITALIZATION – By retiring $114 million in debt in 2005, we reduced our total debt as a percentage of total capitalization to 26.4%.

  • CASH AND INVESTMENTS (in millions) Regulated$ 1,595.3$ 1,493.8$ 1,198.2$ 1,166.9$ 1,198.9Unregulated 37.3 36.0 40.6 35.5 38.2 $ 1,632.6 $ 1,529.8 $ 1,238.8 $ 1,202.4 $ 1,237.1 36.1 TOTAL DEBT TO CAPITALIZATION DEBT TO CAPITALIZATION EXCLUDING NON-RECOURSE DEBT(d)Debt to Capitalization is calculated as follows: total debt divided by (total debt + total equity).


More Definitions of TOTAL DEBT TO CAPITALIZATION

TOTAL DEBT TO CAPITALIZATION. RATIO" set forth in SECTION 1.1 of the Credit Agreement is hereby amended to read as follows:
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TOTAL DEBT TO CAPITALIZATION means the quotient, expressed as a ---------------------------- percentage, which is obtained by dividing (i) Total Debt by (ii) the sum of Total Debt and Stockholders' Equity of Citation.
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Related to TOTAL DEBT TO CAPITALIZATION

  • Debt to Capitalization Ratio means, with respect to the Borrower, as of any date of determination, the ratio of (a) Total Debt for the Borrower as of such date to (b) Total Capitalization for the Borrower as of such date.

  • Debt to Cash Flow Ratio means, with respect to any Person as of any date of determination, the ratio of (a) the Consolidated Indebtedness of such Person as of such date, less cash and Cash Equivalents, to (b) the Consolidated Cash Flow of such Person for the four most recent full fiscal quarters ending immediately prior to such date for which internal financial statements are available. For purposes of making the computation referred to above:

  • Total Capitalization means, at any date, the sum of (a) the aggregate amount of Indebtedness for Borrowed Money and (b) Net Worth of the Borrower and its consolidated Subsidiaries.

  • 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.

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Total Capitalization means the sum of Consolidated Net Worth and Consolidated Funded Debt.

  • Total Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (a) Total Debt as of that day minus the lesser of (i) Unrestricted Cash and (ii) $5,000,000 to (b) EBITDA for the Computation Period ending on that day.

  • Debt to Equity Ratio means the ratio of the value of liabil- ities to equity, calculated according to s. 126.44 (8) (c) 2.

  • Consolidated First Lien Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date that is secured on a first lien basis by assets or properties of Holdings or any Subsidiaries to (b) Consolidated EBITDA of Holdings and its Subsidiaries on a consolidated basis for the most recently completed Measurement Period.

  • Consolidated Capitalization means the sum obtained by adding (i) Consolidated Shareholders' Equity, (ii) Consolidated Indebtedness for money borrowed (exclusive of any thereof which is due and payable within one year of the date such sum is determined) and, without duplication, (iii) any preference or preferred stock of the Company or any Consolidated Subsidiary which is subject to mandatory redemption or sinking fund provisions.

  • Consolidated Capitalization Ratio on the last day of any fiscal quarter, the ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capital.

  • Capitalization Ratio means, at any date of determination, the ratio of (a) Funded Debt to (b) Capitalization.

  • Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Company most recently ended on or prior to such date.

  • Total Debt Ratio means the ratio, as of the date of determination, of (i) the sum of (x) the Total Debt of the Borrower, the General Partner and their Consolidated Subsidiaries and (y) the Borrower’s and the General Partner’s pro rata share of the Total Debt of any Minority Holdings of the Borrower or the General Partner to (ii) Total Asset Value.

  • Funded Debt to EBITDA Ratio means on any date the ratio of (a) Total Indebtedness to (b) EBITDA for the period of four consecutive Fiscal Quarters ended on such date (or, if such date is not the last day of a Fiscal Quarter, ended on the last day of the Fiscal Quarter most recently ended prior to such date).

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Total Consolidated Capitalization means, at any time, the sum of (i) Total Consolidated Debt plus (ii) the total amount of shareholder’s equity of the Company.

  • Debt to EBITDA Ratio means, as of any date, the ratio of Consolidated Indebtedness (as of the date of determination) to EBITDA (for the Company’s then most recently completed four fiscal quarters).

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Cash Flow Leverage Ratio means as of the last day of any calendar quarter the ratio of the Total Funded Debt as of such day to Adjusted EBITDA for the four calendar quarters then ended.

  • Market Capitalization means an amount equal to (i) the total number of issued and outstanding shares of common stock or common equity interests of the IPO Entity on the date of the declaration of the relevant dividend multiplied by (ii) the arithmetic mean of the closing prices per share of such common stock or common equity interests for the 30 consecutive trading days immediately preceding the date of declaration of such dividend.

  • Net Debt to EBITDA Ratio means the ratio of Net Debt to EBITDA for the then most recently concluded fiscal year, subject to adjustments for Asset Dispositions and investments made during the period.

  • Consolidated Total Debt Ratio as of any date of determination means, the ratio of (1) Consolidated Total Indebtedness as of the end of the most recent fiscal period for which internal financial statements are available immediately preceding the date on which such event for which such calculation is being made shall occur to (2) Pro Forma EBITDA.

  • First Lien Leverage Ratio means the ratio, as of any date, of (a) Consolidated First Lien Debt as of the last day of the Test Period then most recently ended to (b) Consolidated Adjusted EBITDA for the Test Period then most recently ended, in each case of the Borrower and its Restricted Subsidiaries on a consolidated basis.

  • Effective Leverage Ratio has the meaning set forth in the Statement.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.