Cash Runway definition
Cash Runway means, as of any date of determination, the quotient determined by dividing the sum of cash and cash equivalents (including, but not limited to, (i)
Cash Runway. On any date of determination for any Loan and its related Obligor, the number of months determined by dividing:
Cash Runway means (a) the sum of an Account Debtor’s unrestricted cash and cash equivalents divided by (b) the Burn Rate.
Examples of Cash Runway in a sentence
Pro Forma Cash Runway: The Company expects that its cash and cash equivalents, together with the estimated net proceeds from this offering, will be sufficient to fund its current operating and capital expenditure plans well into 2027.
More Definitions of Cash Runway
Cash Runway refers to the Cash Assets divided by the projected Cash Burn Rate as of the date of calculation. (For example, if as of the date of calculation the Cash Assets are $40,000,000 and the 12-months forward Cash Burn Rate is projected at $3,000,000 per month, the Cash Runway would be 13.33 months.)
Cash Runway. On any date of determination for any Loan and its related Obligor, the number of months determined by dividing (a) available unrestricted Cash on hand plus revolving availability for such related Obligor as of such date of determination, by (b) the quotient obtained by dividing (i) for the three calendar month period most recently ended the sum of (1) all scheduled payments of principal paid or required to be paid during such period with respect to Indebtedness, (2) Cash Interest Expense paid or required to be paid for such period, (3) federal, state, and local income taxes (and franchise taxes in lieu of income taxes) paid or required to be paid in cash during such period, and (4) dividends and distributions paid in cash during such period, in each case, of such related Obligor and its affiliates, determined on a consolidated basis in accordance with GAAP, divided by (ii) three (3).