Changes in Net Working Capital definition

Changes in Net Working Capital means changes in accounts receivable adjusted for non-cash items, plus changes in inventory adjusted for long-term and non-cash items, less changes in accounts payable adjusted for royalties and rebates.
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Examples of Changes in Net Working Capital in a sentence

  • This firm valuation approach, unlike the following models that will be discussed, values the firm rather than equity.FCFF = EBIT (1 – t) + Depreciation – CAPEX – Changes in Net Working Capital Where: The advantage of using firm valuation approach instead of valuing the equity solely is that cash flows relating to debt do not have to be considered explicitly since the FCFF is a pre-debt cash flow while they have to be taken into account in estimating FCFE.

  • Three Months Ended (Unaudited, Pro Forma)Nine Months Ended (Unaudited, Pro Forma) (1) Capital expenditure is calculated as additions to property, plant and equipment for the period.(2) Operating Free Cash Flow is calculated as Adjusted EBITDA less capital expenditure.(3) Changes in Net Working Capital is calculated as the difference between Net Working Capital at the end of the period and beginning of the period.(4) Adjusted EBITDA includes add back of impairment losses on property, plant & equipment.

Related to Changes in Net Working Capital

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Target Net Working Capital means $0.

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

  • Target Working Capital means $0.

  • Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Working Capital means, with respect to the Borrower and the Subsidiaries on a consolidated basis at any date of determination, Current Assets at such date of determination minus Current Liabilities at such date of determination; provided, that, for purposes of calculating Excess Cash Flow, increases or decreases in Working Capital shall be calculated without regard to any changes in Current Assets or Current Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (b) the effects of purchase accounting.

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.

  • Base Working Capital means $25,000,000.

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • Estimated Net Working Capital has the meaning set forth in Section 2.3(a).

  • Consolidated Net Working Capital means (a) all current assets of the Company and its Restricted Subsidiaries except current assets from Oil and Gas Hedging Contracts, less (b) all current liabilities of the Company and its Restricted Subsidiaries, except (i) current liabilities included in Indebtedness, (ii) current liabilities associated with asset retirement obligations relating to oil and gas properties and (iii) any current liabilities from Oil and Gas Hedging Contracts, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815).

  • Consolidated Working Capital means, as at any date of determination, the excess of Current Assets over Current Liabilities.

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.

  • Closing Date Net Working Capital shall have the meaning set forth in Section 2.03(c).

  • Final Working Capital has the meaning set forth in Section 2.04(b).

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Target Net Working Capital Amount means $5,000,000.

  • Adjusted Consolidated Working Capital means, at any time, Consolidated Current Assets (but excluding therefrom all cash and Cash Equivalents) less Consolidated Current Liabilities at such time.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Net Working Capital Target means $0.00.

  • Estimated Working Capital has the meaning set forth in Section 2.3(a).

  • Consolidated Working Capital Adjustment means, for any period of determination on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Working Capital Assets has the meaning as set forth in the Recitals of this Agreement.