Capitalisation Ratio definition

Capitalisation Ratio means, for Holdco as of any date of determination, the result (expressed as a percentage) obtained by dividing (x) Consolidated Net Worth of Holdco (calculated as of the end of the Relevant Period ending on the last day of the period covered by the most recent Financial Report prior to the date of the transaction giving rise to the need to calculate Consolidated Net Worth) by (y) Net Loan Portfolio as of such date of determination.
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Capitalisation Ratio means the ratio between:
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Capitalisation Ratio means, at any time, the ratio of Consolidated Net Total Borrowings to the aggregate of Consolidated Net Total Borrowings and Adjusted Capital and Reserves, expressed as a percentage.
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Examples of Capitalisation Ratio in a sentence

  • Decisions of Capital Structure: Trading on Equity, Capital Gearing, Capital Structure Ratios : Debt- Equity Ratio, Long Term Debt Capitalisation Ratio, Proprietary Ratio, Gearing Ratio, Debt service Ratio.

  • ARC assumed that the transaction can withstand inflation of up to 10% annually through its life, which gives the transaction better protection.ARC also assessed the Hellyer project’s balance sheet and the Total Debt to Total Capitalisation Ratio is 85%.

  • The threshold ratio shall be: [ ] Total Debt to Total Capitalisation Ratio.

  • Ghana Stock Exchange Market Capitalisation Ratio (Source: Ghana Stock Exchange Statistics and author’s own calculation)from 123% in the late 1970s and by 1993, it was less than 20%.

  • It is useful to provide a brief and schematic description of such indicators:• Stock Market Size: The study uses Market Capitalisation Ratio (MCR) as indicator to measure the stock market size.

  • Table 1: Number of Deals, Market Capitalisation Ratio, Value Traded Ratio, Number of Deals and Turnover Ratio (1981-2009)YearSources: Nigerian Stock Exchange Annual Reports and Accounts (various years), Central Bank of Nigeria (CBN) Statistical Bulletin, Golden Jubilee Edition, December, 2008 and CBN Annual Reports and Statement of Accounts (various years).

  • Anderson said that she was correct in that there was an oversight in the communication about SRI delivery.

  • The key financial covenants of the revised finance facility agreement are as follows:● Leverage Ratio: (Net Debt: Adjusted EBITDA) must remain below or equal to 3.00 times until 30 September 2023, and2.75 times thereafter;● Fixed Charge Cover Ratio: (EBITDA + rent expense) / (interest + rent expense) must remain above or equal to 1.75 times; and● Debt to Capitalisation Ratio: Debt / (Debt + Book Value of Equity) must remain below or equal to 50%.

  • In brief, the various indictors of stock market development are Market Capitalisation Ratio (MCR)1, which is considered as a measure of stock market size.

  • Helmut T Lehman and James Atkinson, (Philadelphia: Fortress Press, 1962), 45:352.


More Definitions of Capitalisation Ratio

Capitalisation Ratio has the meaning given to it in Clause 19.28 (Financial covenants). "Cashflow" means, for any period for which it is being tested, Consolidated EBITDA for that period, but adjusted so as to: (a) add back any taxes refunded during that period; (b) deduct any increase or add any reduction in working capital which occurs during that period; (c) deduct any taxes accrued or paid during that period (adjusted in the case of VAT for any VAT input); (d) deduct outflows and add inflows of cash effect resulting from any Extraordinary Items; (e) deduct any capital expenditure or costs or expenses of a capital nature paid during that period and any other expenditure not already taken into account which is required to be paid under the Licence, any Licence Undertaking or any applicable law or regulation during the following financial quarter; and (f) take no account of any book profits or losses arising from the disposal of any assets. "Certain Funds Period" means the period beginning on the date of issue of the Press Release and ending on the earlier of: (a) the date which falls three months after the Unconditional Acceptances Date; (b) the date which falls seven months after the date of issue of the Press Release; and (c) the date which falls seven days after the Cancellation Date; or, if prior to that date the Company has given notice under section 429 of the Companies Xxx 0000 to shareholders who have not accepted the Offer, any longer period as may be required to enable the Company to acquire shares within the period it is permitted to do so under Section 428 to 430 of the Companies Xxx 0000 following the announcement of the Offer. "Clean-Up Date" means the date falling 180 days after the Target becomes a Subsidiary of the Company. "Code" means the City Code on Takeovers and Mergers. "Commitment" means, in respect of a Bank, its Facility A Commitment, Facility B Commitment or Facility C Commitment, and "Commitments" means the aggregate of its Facility A Commitment, Facility B Commitment and Facility C Commitment. "Consolidated EBITDA" has the meaning given to it in Clause 19.28 (Financial covenants). "Consolidated Net Interest Payable" has the meaning given to it in Clause 19.28 (Financial covenants). "Consolidated Net Total Borrowings" has the meaning given to it in Clause 19.28 (Financial covenants). "Consolidated Total Interest Payable" has the meaning given to it in Clause 19.28 (Financial covenants). "Dangerous Substance" means any radioactive emissions, noise,...
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Capitalisation Ratio. The Capitalisation Ratio shall be tested at the end of each Financial Quarter and shall not exceed 60% (sixty per cent).
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Capitalisation Ratio means the ratio of i) Consolidated Gross Debt to ii) Consolidated Gross Debt plus Shareholders Equity.
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Capitalisation Ratio has the meaning given to it in Clause 12.13 (Financial covenants).
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Capitalisation Ratio has the meaning given to it in Clause 17.26 (Financial covenants). "Commitment" means, in respect of a Bank, its Facility A Commitment or Facility C Commitment, as the case may be, and "Commitments" means the aggregate of its Facility A Commitment and Facility C Commitment. "Consolidated EBITDA" has the meaning given to it in Clause 17.26 (Financial covenants). "Consolidated Net Interest Payable" has the meaning given to it in Clause 17.26 (Financial covenants). "Consolidated Net Total Borrowings" has the meaning given to it in Clause 17.26 (Financial covenants). "Consolidated Total Interest Payable" has the meaning given to it in Clause 17.26 (Financial covenants). "Dangerous Substance" means any radioactive emissions, noise, any natural or artificial substance (whether in the form of a solid, liquid, gas or vapour) the generation, transportation, storage, treatment, use or disposal of which (whether alone or in combination with any other substance) including (without limitation) any controlled, special, hazardous, toxic, radioactive or dangerous substance or waste, gives rise to a risk of causing harm to man or any other living organism or damaging the Environment or public health or welfare. "Debenture" means a debenture (as it may be amended) executed by a Guarantor in favour of the Agent, substantially in the form of Schedule 5. "Default" means an Event of Default or an event which, with the giving of notice, expiry of any applicable grace period, determination of materiality by the Majority Banks or failure to create a first legal mortgage, in each case as specified in Clause 18 (Default) (or any combination of the foregoing), would constitute an Event of Default. "Director General" means the person appointed from time to time by the Secretary of State to hold office as the Director General of Electricity Supply for the purpose of the Act. "Double Taxation Treaty" means any convention between the government of the United Kingdom and any other government for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains. "Drawdown Date" means the date of the advance of a Loan.
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Capitalisation Ratio means at any date, the ratio of (x) Consolidated Debt, to (y) the sum of Consolidated Debt and Consolidated Net Worth.
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Related to Capitalisation Ratio

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

  • Consolidated Fixed Charge Ratio means, with respect to the Borrower and its Subsidiaries for the Applicable Period, the ratio of (i) Consolidated EBITDA for such period less Capital Expenditures for such period to (ii) Consolidated Fixed Charges for such period.

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

  • Fixed Charge Ratio means, as of any date of determination, the quotient (expressed as a percentage) of (a) Consolidated EBITDA, divided by (b) Consolidated Fixed Charges.

  • Consolidated Net Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date, minus unrestricted cash and Cash Equivalents of the Loan Parties on deposit with financial institutions located in the United States, not to exceed $75,000,000 to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period.

  • Allocation Ratio With respect to any Series, as defined in the related Supplement.

  • 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.

  • Adjusted Dilution Ratio means, at any time, the rolling average of the Dilution Ratio for the 12 Calculation Periods then most recently ended.

  • Adjusted Leverage Ratio means, as of any date, the ratio of (a) Consolidated Total Funded Debt outstanding as of such date minus any Unrestricted Cash over $3,000,000 to (b) EBITDA for the period of four consecutive fiscal quarters ending on such date.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • 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.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such Test Period.

  • Cash Flow Ratio means, as at any date, the ratio of (a) the sum of the aggregate outstanding principal amount of all Indebtedness of the Company and the Restricted Subsidiaries determined on a consolidated basis, but excluding all Interest Swap Obligations entered into by the Company or any Restricted Subsidiary and one of the Banks outstanding on such date, plus (but without duplication of Indebtedness supported by letters of credit) the aggregate undrawn face amount of all letters of credit outstanding on such date to (b) Annualized Operating Cash Flow determined as at the last day of the most recent month for which financial information is available.

  • CET1 Ratio means, as of any Balance Sheet Date, the CET1 Capital as of such Balance Sheet Date, divided by the BIS Risk Weighted Assets as of such Balance Sheet Date, expressed as a percentage, such ratio (or the components thereof) as determined by the Group Holding Company, and (i) as disclosed in the Quarterly Financial Accounts published on the relevant Ordinary Publication Date or (ii) constituting (or as disclosed in) the Reviewed Interim Measurement published upon the instruction of the FINMA on the relevant Extraordinary Publication Date, as applicable.

  • Funded Debt Ratio means, as of the end of a quarter, the ratio of (A) Borrower’s consolidated obligations for borrowed money and obligations evidenced by bonds, debentures, notes, bills or other similar instruments to (B)

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Adjustment ratio means the value of index A divided by index

  • Dilution Ratio means, as of any Cut-Off Date, a ratio (expressed as a percentage), computed by dividing (i) the total amount of decreases in Outstanding Balances due to Dilutions during the Calculation Period ending on such Cut-Off Date, by (ii) the aggregate sales generated by the Originators during the Calculation Period prior to the Calculation Period ending on such Cut-Off Date.

  • Net Total Leverage Ratio means on any date, the ratio of (A) (i) the sum of, without duplication, (x) the aggregate principal amount of any Consolidated Debt consisting of Loan Obligations outstanding as of the last day of the Test Period most recently ended as of such date (other than Excluded Transaction Debt) and (y) the aggregate principal amount of any other Consolidated Debt of the Borrower and its Subsidiaries as of the last day of such Test Period (other than Excluded Transaction Debt) less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Ratio means the Ratio as specified in § 1 of the Product and Underlying Data.

  • Debt Ratio as at the last day of any fiscal quarter, the ratio of (a) Consolidated Total Debt minus Designated Cash Balances on such date to (b) Consolidated EBITDA.

  • 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.

  • Secured Net Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Net Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • 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.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed four fiscal quarters.

  • Current Ratio means the ratio of Current Assets to Current Liabilities.