Debt to Worth Ratio definition

Debt to Worth Ratio means, in respect of a Person and as of any applicable date of determination, the ratio of (a) the total Debt of such Person at such time, to (b) the Tangible Effective Net Worth of such Person at such time.

Debt to Worth Ratio means the ratio for a given period of Debt to Tangible Net Worth.

Debt to Worth Ratio means, with respect to any Person as of any date of determination, a ratio of (a) the sum of (i) the outstanding amount of all Indebtedness of such Person as of such date, minus (ii) the outstanding amount of the Subordinated Debt of such Person as of such date, to (b) the sum of (i) Tangible Net Worth of such Person as of such date, plus (ii) the outstanding amount of the Subordinated Debt of such Person as of such date.

Examples of Debt to Worth Ratio in a sentence

• If Borrower’s Debt to Worth Ratio exceeds 3.0 to 1.0 then Borrower will not make any stock repurchases.

• Permit HTGC, on a consolidated basis with its Subsidiaries, to fail to maintain as of the end of each of its fiscal quarters a Debt to Worth Ratio that is less than or equal to 1.25 to 1.00.

• As of the last day of the fiscal quarter ended _______, _______, HCI and its Subsidiaries, on a consolidated basis, had a Debt to Worth Ratio of ___ to 1.00, which [does/does not] exceed the maximum ratio permitted by Section 7.17(g) of the Loan Agreement for the corresponding period (i.e. 2.00 to 1.00).

• Maintain as of the end of each of its fiscal quarters a Debt to Worth Ratio of more than 1.25 to 1.00.

• Borrower shall maintain on a consolidated basis a ratio of “Total Liabilities” (excluding the non-current portion of “Subordinated Liabilities”) to “Tangible Net Worth” not exceeding 2.0:1.0. Debt to Worth Ratio shall be calculated for each quarterly accounting period.

More Definitions of Debt to Worth Ratio

Debt to Worth Ratio means the ratio of (1) Lessee's total liabilities which, in accordance with GAAP, would be included in the liability side of a balance sheet, to (2) Lessee's tangible net worth including the sum of the par or stated value of all outstanding capital stock, surplus and undivided profits, less any amounts attributable to goodwill, patents, copyrights, mailing lists, catalogs, trademarks, bond discount and underwriting expenses, organization expense and other intangibles, all as determined in accordance with GAAP.

Debt to Worth Ratio means the relationship, expressed as a numerical ratio, between:

Debt to Worth Ratio means, with respect to any Person as of any date of determination, a ratio of (a) the outstanding amount of all Indebtedness of such Person as of such date, to (b) the Tangible Net Worth of such Person as of such date.

Debt to Worth Ratio means as to each Borrower and its Subsidiaries for the date of any determination thereof the ratio of (a) Liabilities to (b) the Tangible Net Worth.

Debt to Worth Ratio means with respect to the Borrowers, on a consolidated basis, for the date of any determination thereof, the ratio of (a) consolidated Liabilities (excluding Subordinated Indebtedness) to (b) the consolidated Tangible Net Worth.

Debt to Worth Ratio means the ratio of (x) total liabilities which, in accordance with generally accepted accounting principles ("GAAP") would be included in the liability side of a balance sheet, to (y) tangible net worth including the sum of the par or stated value of all outstanding capital stock, surplus and undivided profits, less any amounts attributable to goodwill, patents, copyrights, mailing lists, catalogs, trademarks, bond discount and underwriting expenses, organization expense and other intangibles, all determined in accordance with GAAP. Any provision of this Agreement to the contrary notwithstanding, Lessor may exercise all rights and remedies hereunder independently with respect to each Schedule.

Debt to Worth Ratio means the ratio of consolidated total liabilities of Borrower, Guarantors and Other Subsidiaries to consolidated Net Worth of Borrower, Guarantors and Other Subsidiaries, all as determined on a consolidated basis and in accordance with generally accepted accounting principles.