EBITDA Ratio definition

EBITDA Ratio means, as of the end of any fiscal quarter, measured on a consolidated basis for Holdings and its Subsidiaries as of such date, the ratio of (i) Total Funded Debt existing on such date to (ii) EBITDA for the period of four fiscal quarters ending on such date.

EBITDA Ratio means Borrowers’ earnings before payments of interest, taxes, depreciation and amortization expense for the twelve month period ending on the date of determination, net of any deficits from the amount required as an allowance for loan losses under Section 6.4(c) hereof and the amount of any accounts to be charged off, that have not been charged off, to the extent there is not an excess reserve, in Section 6.4(e) hereof, as a percent of interest expense during such twelve month period in accordance with GAAP principles pursuant to Section 6.4 of this Agreement.

EBITDA Ratio means, as of any date, the quotient of (i) the annualized EBITDA of the Company and the Subsidiaries for the six-month period ending on such date, divided by (ii) the Total Outstanding Debt as of such date.

Examples of EBITDA Ratio in a sentence

• Net Debt to Adjusted EBITDA Ratio Net Debt to Adjusted EBITDA Ratio is a supplemental measure derived from non-GAAP financial measures the Company uses to evaluate its capital structure and the magnitude of its debt against its operating performance.

• The Total Debt to EBITDA Ratio will not exceed 4.0 to 1.0 at the end of any fiscal quarter.

• Debt Obligations/Adjusted EBITDA Ratio is defined as Debt Obligations (Long-term Debt Obligations plus Current Portion of Debt Obligations at end of period) divided by Adjusted EBITDA from Continuing Operations.

• Adjusted Pre-tax Earnings, Adjusted EBITDA and Debt Obligations/Adjusted EBITDA Ratio should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP, or as alternative measures of liquidity.

• Solely with respect to the Revolving Credit Facility, commencing with the fiscal quarter ending December 31, 2018, on the last day of any Test Period on which the Revolving Credit Facility Test Condition is then applicable, the Borrower will not permit the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio for the Test Period ending on such last day to be greater than 6.75:1.00.

More Definitions of EBITDA Ratio

EBITDA Ratio means on any date, the ratio of Consolidated EBITDA to Consolidated Interest Expense for the four consecutive fiscal quarters of Obligor most recently ended prior to such date.

EBITDA Ratio means -- for any date of determination -- the ratio of Funded Debt at the end of the most recently completed fiscal quarter to EBITDA for the most recently completed four fiscal quarters.

EBITDA Ratio of any Person means the ratio of (i) the aggregate amount of Consolidated EBITDA of such Person for the four full fiscal quarters immediately prior to the date of the transaction giving rise to the need to calculate the EBITDA Ratio (the "Determination Date") to (ii) the aggregate Consolidated Interest Expense which such Person shall accrue during the fiscal quarter in which the Determination Date occurs and the three fiscal quarters immediately subsequent to such fiscal quarter, assuming that the Consolidated Interest Expense shall accrue on the amount of such Person's Indebtedness on the Determination Date, including any Indebtedness proposed to be incurred on such date (as though all such Indebtedness was incurred on the first day of the quarter in which the Determination Date occurred), but specifically excluding Indebtedness proposed to be repaid or defeased (or with respect to the defeasance of which a deposit satisfying the defeasance requirements of such Indebtedness has irrevocably been made) on such date (as though all such Indebtedness was repaid on the first day of the quarter in which the Determination Date occurred); provided that if during the four-quarter period referred to in clause (i) above, the Person for which the EBITDA Ratio is being determined or any of its Restricted Subsidiaries shall have acquired any assets other than assets acquired as a result of capital expenditures made in the ordinary course of business of such Person, the EBITDA Ratio of such Person as of such Determination Date shall be calculated on a pro forma basis, as if such acquisition had occurred at the beginning of such four-quarter period. For purposes of this definition, interest on Indebtedness determined on a fluctuating basis for periods succeeding the Determination Date shall be calculated as if the rate in effect on the Determination Date had been the applicable rate for the entire period, taking into account any Hedging Obligations applicable to such Indebtedness.

EBITDA Ratio means, for any period of determination, the ratio of (i) EBITDA to (ii) Interest Expense.

EBITDA Ratio means the ratio of the earnings before interest, taxes, depreciation, and amortization for the respective business in question divided by the revenue from such business.

EBITDA Ratio means the ratio of (a) Consolidated EBITDA Ratio Net Income during such period, to (b) all Interest Charges on all Indebtedness of the Borrower and its Restricted Subsidiaries during such period, as calculated on a rolling twelve (12) month basis and in accordance with GAAP.

EBITDA Ratio means the ratio of the Company's Consolidated Indebtedness to its Consolidated EBITDA for the period indicated.