Cash Burn definition

Cash Burn means an amount equal to the prior period’s Cash minus the current period’s ending Cash that has been adjusted for any changes to Cash as a result of borrowings and repayments of borrowings, proceeds from the sale of equity and the exercise of stock options or warrants, paid-in-capital and minority interest, and capital expenditures financed under a capital lease.

Cash Burn is defined in Section 6.9.

Cash Burn means, with respect to any given month, the largest negative number of the following: (i) the difference of (x) Available Cash measured as of the end of the last calendar day of such month, less (y) the sum of (A) Available Cash measured as of the end of the last calendar day of the month immediately preceding such month; and (ii) the difference of (x) the sum of (A) Consolidated Net Income for such month, (B) depreciation expense for such month, (C) amortization for such month, and (D) stock based compensation for such month, less (y) the sum of (A) capital expenditures for such month, (B) any cash proceeds from any accounts receivable collected during such month and before such accounts receivable had been outstanding for 30 days, (C) any accounts payable outstanding more than 45 days during such month and (D) any payments of Dividends, Stated Value or other amounts under any Indebtedness during such month. For purposes of the foregoing, each of depreciation, amortization, stock based compensation, capital expenditures, accounts receivable, and accounts payable shall each be calculated in accordance with GAAP.

Examples of Cash Burn in a sentence

• Until such time as the Preferred Shares and Preferred Warrants are no longer outstanding, with respect to any calendar month, the Cash Burn of the Company and its Subsidiaries, in the aggregate, shall not exceed -$500,000 (the “Cash Burn Test”, and together with the Available Cash Test, the “Financial Tests”).

• As of the Closing Date, the projected Cash Burn Rate of eSylvan (based on the then most recent budget as adjusted for actions taken subsequent to the date thereof) for the one year period following the Closing Date is not greater than $4,000,000.

• On the last calendar day of each calendar month beginning with the calendar month ending December 31, 2023 (each a “Cash Burn Measurement Date”), the Company’s and its Wholly Owned Subsidiaries’ Available Cash on the Cash Burn Measurement Date shall be greater than or equal to (A) the Company’s and its Wholly Owned Subsidiaries’ Cash and Cash Equivalents on the Quarterly Cash Burn Reference Date, less (B) the Permitted Quarterly Cash Burn.

• A ratio of Liquidity Coverage to Cash Burn of at least 6.00:1.00.

• In such situations, timing is essential and retail investors should have the possibility to immediately execute the transaction.

More Definitions of Cash Burn

Cash Burn means, with respect to each fiscal quarter of the Company, the positive difference, if any, between (a) the Monthly Cash Balance as set forth in the Monthly Cash Report as of the last day of the month immediately preceding the first day of such fiscal quarter as finally agreed by the Company and Parent pursuant to Section 5.5(b) less (b) the Monthly Cash Balance as set forth in the Monthly Cash Report as of the last day of such fiscal quarter as finally agreed by the Company and Parent pursuant to Section 5.5(b); provided, however, that in calculating the Cash Burn for any fiscal quarter, (i) any cash received by the Company or any Company Subsidiary under the Bridge Loan Facility, (ii) any interest payments made by the Company in respect of the Company Convertible Notes, and (iii) any cash received by the Company or any Company Subsidiary as proceeds from the sale or divestiture of any assets, business units or Subsidiaries of the Company or any Company Subsidiary (other than sales of inventory in the ordinary course of business), shall in each case be excluded from the calculation.

Cash Burn means change in cash and cash equivalents during the period adjusted to exclude cash from CARES Act related debt, payroll support program grant and employee retention credit funding, net IPO proceeds and the cash impact of other special items divided by the days in the period. The Company believes that cash burn is a useful measure of liquidity consumed by its business. Cash burn refers to periods where this amount is negative; references to “cash positive” refers to the foregoing definition when the foregoing calculation is positive. The Company’s definition of “cash burn” and “cash positive” may not be calculated in the same manner as similarly labeled statistics used by other airlines for substantially the entire quarter.

Cash Burn means (i) Net Income plus (ii) amortization, plus (iii) depreciation, plus (iv) non-cash stock compensation expenses, plus (v) unrealized profit (or loss) on investments as reported in Borrower’s latest SEC filings, plus (vi) other non-cash expenses approved in writing by Bank in its sole discretion.

Cash Burn is defined in Section 6.7.

Cash Burn means (i) cash flow from operations (determined in accordance with GAAP) minus (ii) capitalized expenditures.

Cash Burn means, for any applicable measuring period, the sum of (i) EBITDA, plus (ii) the aggregate amount of capital expenditures, in each case as measured on an average trailing six (6) month basis.

Cash Burn means, for any applicable measuring period, the sum of (i) earnings before depreciation and amortization, plus (ii) the aggregate amount of capital expenditures, in each case as measured on an average trailing six (6) month basis.