Interest Cover Ratio definition

Interest Cover Ratio means the ratio of the Group’s consolidated EBITDA to interest expenses for the previous period of twelve (12) months.

Interest Cover Ratio means, on each Measurement Date, the ratio of (a) EBITDA to (b) Net Interest Charged in respect of the Measurement Period ending on that Measurement Date;

Interest Cover Ratio means, with respect to any Test Period, the ratio of (i) EBITDA for such Test Period to (ii) Net Interest Payable during such Test Period.

Examples of Interest Cover Ratio in a sentence

• The Interest Cover Ratio for any Test Period shall be not less than 3.50:1.

• The Incurrence Test for the purposes of Clause 10.6 is met if the Interest Cover Ratio is no less than 2.0. determined in accordance with the Accounting Principles as in force on the Issue Date.

• The calculation of Interest Cover Ratio shall be made for a 12 month period ending on the last day of the period covered by the Financial Report as of the most recent Quarter Date for which the Financial Report has been published.

• The 2027 guaranteed notes and the 2025, 2026 and 2029 guaranteed bonds have two key covenants: Loan to Value should not exceed 60 per cent and Interest Cover Ratio that shall not fall below 1.5:1.

• The Borrower will procure that the Group’s Interest Cover Ratio shall be minimum 2.5 : 1 throughout the term of this Agreement.

More Definitions of Interest Cover Ratio

Interest Cover Ratio means the ratio of Consolidated EBITDA to Net Finance Charges on a Group consolidated basis for the Relevant Period ending on the last day of the period covered by the most recent consolidated financial statements published by the Issuer in accordance with Clause 9.1.1.

Interest Cover Ratio means the ratio of EBITDA to Net Interest Payable, calculated in accordance with Clause 15.4.

Interest Cover Ratio means the ratio of EBITDA to Net Finance Charges, calculated in accordance with Clause 14.3 (Calculation of Interest Cover Ratio).

Interest Cover Ratio or “ICR” means the debt/profitability ratio used to determine how easily a company can pay interest on outstanding debt;

Interest Cover Ratio has the meaning given to such term in paragraph (b) of Clause 23.2 (Ratio).

Interest Cover Ratio means the ratio of EBITDA to Net Finance Charges, calculated in accordance with Clause 11.3.

Interest Cover Ratio means, in respect of any Relevant Period, the ratio of EBITDA of the Group in respect of that Relevant Period to Net Cash Finance Interest Adjusted For Leases in respect of that Relevant Period.