Consolidated Interest Expense Coverage Ratio means with respect to any specified Person for any period, the ratio of the Consolidated Cash Flow of such Person and its Restricted Subsidiaries for such period to the Consolidated Interest Expense of such Person for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, Guarantees or redeems any Indebtedness (other than revolving credit borrowings) or issues or redeems preferred stock subsequent to the commencement of the period for which the Consolidated Interest Expense Coverage Ratio is being calculated but prior to the date on which the event for which the calculation of the Consolidated Interest Expense Coverage Ratio is made (the "Calculation Date"), then the Consolidated Interest Expense Coverage Ratio shall be calculated giving pro forma effect to such incurrence, assumption, Guarantee or redemption of Indebtedness, or such issuance or redemption of preferred stock, as if the same had occurred at the beginning of the applicable four-quarter reference period.
Consolidated Interest Expense Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA as of the last day of the relevant Test Period to (b) Consolidated Interest Expense for such Test Period.
Consolidated Interest Expense Coverage Ratio means, on any date, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense (net of interest income) for the period of four consecutive fiscal quarters of the Borrower ended as of such date, all determined on a consolidated basis in accordance with GAAP.
Examples of Consolidated Interest Expense Coverage Ratio in a sentence
Condition (g) shall be deemed to have occurred on the date of disclosure by QIWI PLC of the Group’s annual or semi-annual consolidated financial statements prepared in accordance with the IFRS in accordance with which the Consolidated Interest Expense Coverage Ratio has decreased to the level specified in condition (g) or below.
Condition (g) shall also be deemed to have occurred if the lack of relevant components (indicators) for calculating the Consolidated Interest Expense Coverage Ratio makes it impossible to calculate this ratio on the basis of the Group’s annual and/or semi-annual consolidated financial statements prepared in accordance with the IFRS and disclosed by QIWI PLC; the Consolidated Cash Capital Adequacy Ratio has decreased below 20%.
More Definitions of Consolidated Interest Expense Coverage Ratio
Consolidated Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.
Consolidated Interest Expense Coverage Ratio means with respect to any specified Person for any period, the ratio of the Consolidated Cash Flow of such Person and its Restricted Subsidiaries for such period to the Consolidated Interest Expense of such Person for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, Guarantees or redeems any Indebtedness (other than revolving credit borrowings) or issues or redeems preferred stock subsequent to the commencement of the period for which the Consolidated Interest Expense Coverage Ratio is being calculated but prior to the date on which the event for which the calculation of the Consolidated Interest Expense Coverage Ratio is made (the "Calculation Date"), then the Consolidated Interest Expense Coverage Ratio shall be calculated giving pro forma effect to such incurrence, assumption, Guarantee or redemption of Indebtedness, or such issuance or redemption of preferred stock, as if the same had occurred at the beginning of the applicable four-quarter reference period. In addition, for purposes of calculating the Consolidated Interest Expense Coverage Ratio: (i) acquisitions that have been made by the specified Person or any of its Restricted Subsidiaries, including through mergers or consolidations and including any related financing transactions, during the four-quarter reference period or subsequent to such reference period and on or prior to the Calculation Date shall be deemed to have occurred on the first day of the four-quarter reference period and Consolidated Cash Flow for such reference period shall be calculated without giving effect to clause (iii) of the proviso set forth in the definition of Consolidated Net Income, (ii) the Consolidated Cash Flow attributable to discontinued operations, as determined in accordance with GAAP, and operations or businesses disposed of prior to the Calculation Date, shall be excluded, and (iii) the Consolidated Interest Expense attributable to discontinued operations, as determined in accordance with GAAP, and operations or businesses disposed of prior to the Calculation Date, shall be excluded, but only to the extent that the obligations giving rise to such Consolidated Interest Expense will not be obligations of the specified Person or any of its Restricted Subsidiaries following the Calculation Date.
Consolidated Interest Expense Coverage Ratio means, as of any date of determination, the ratio of:
Consolidated Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period; provided that (i) for the purpose of determining the Consolidated Interest Expense Coverage Ratio, no effect shall be given to FASB Staff Position No. APB 14-1 dated May 9, 2008 and (ii) for the first three consecutive full fiscal quarters ending on or after the Amendment No. 1 Effective Date, Consolidated Interest Expense shall be deemed to be equal to (a) the Consolidated Interest Expense for the first such fiscal quarter, multiplied by 4, (b) the sum of Consolidated Interest Expense for the first and second such fiscal quarters, multiplied by 2 and (c) the sum of Consolidated Interest Expense for the first, second and third fiscal quarters ended, multiplied by 4/3, respectively.
Consolidated Interest Expense Coverage Ratio means an indicator calculated on the basis of the Group’s annual and semi-annual consolidated financial statements prepared in accordance with the IFRS and representing the ratio of Adjusted EBITDA to the absolute value of the sum of Interest expenses related to financial debt9 and Lease interest expenses10, provided that
Consolidated Interest Expense Coverage Ratio means, with respect to any person, the ratio of (i) the aggregate amount of the applicable Consolidated Cash Flow Available for Interest Expense of such person to (ii) the aggregate Consolidated Interest Expense which such person shall accrue during the first full fiscal quarter following the Transaction Date and the three fiscal quarters immediately subsequent to such fiscal quarter, such Consolidated Interest Expense to be calculated on the basis of the amount of such person's Indebtedness (on a consolidated basis) outstanding on the Transaction Date and reasonably anticipated by such person in good faith to be outstanding from time to time during such period.
Consolidated Interest Expense Coverage Ratio means an indicator calculated on the basis of the Group's annual and semi-annual consolidated financial statements prepared in accordance with the IFRS and representing the ratio of Adjusted EBITDA to the absolute value of the sum of Interest expenses related to financial debt9 and Lease interest expenses10, provided that Interest expenses related to financial debt and Lease interest expenses in the second half of the year following the publication/disclosure of the semi-annual statements are calculated as follows: Interest expenses related to financial debt and lease interest expenses for the previous calendar year – Interest expenses related to financial debt and lease interest expenses for the first half of the previous calendar year + Interest expenses related to financial debt and lease interest expenses for the first half of the current calendar year.