Interest Coverage definition

Interest Coverage means as of the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four fiscal quarters of the Company ending on such date of determination.
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Interest Coverage means as of the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four fiscal quarters ending on such date of determination.
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Interest Coverage means the ratio of Consolidated EBITDA to Consolidated Interest Expense.
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Examples of Interest Coverage in a sentence

  • The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class C Notes.

  • The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class D Notes.

  • The issuer selection for credit exposure would be based on financial parameters such as Turnover, Net Worth, Gearing, Interest Coverage Ratio and Profitability track record.

  • The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class B Notes.

  • The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class A Notes.


More Definitions of Interest Coverage

Interest Coverage means the ratio of EBIT to interest expense.
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Interest Coverage means, as of any date, a ratio equal to the ratio of (a) the Consolidated EBITDA of the Borrower for the period of four consecutive fiscal quarters of the Borrower ending with the most recent fiscal quarter for which the Borrower has delivered to the Banks, or is required under Section 7A.1(i) to have delivered to the Banks, financial statements of the Borrower to (b) the Consolidated Interest Expense of the Borrower for such period of four consecutive fiscal quarters.
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Interest Coverage as at the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four (4) fiscal quarters of the Borrowers ending on such date of determination.
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Interest Coverage means, for any period, total interest expense (including that attributable to Capital Leases under GAAP) of the Consolidated Group on a consolidated basis determined in accordance with GAAP.
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Interest Coverage means the ratio of EBIT to Interest Expense.
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Interest Coverage means EBITDA divided by interest expense;
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Interest Coverage for any period shall mean the ratio of (1) ----------------- EBITDA to
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