Net Borrowings definition

Net Borrowings means, as at any particular time, Total Borrowings less Cash and Cash Equivalent Investments at that time.

Net Borrowings means total borrowings less cash and cash equivalents. A negative figure denotes net cash balance.

Net Borrowings means total borrowings less liquid investments, cash and cash equivalents.

Examples of Net Borrowings in a sentence

• Net Leverage: Net Borrowings to EBITDA for each financial year must not exceed 10.00 to 1.

• The Issuer must ensure that the Total Net Borrowings do not at any time exceed 150 per cent.

• Imperial shall ensure that the ratio of Consolidated Total Net Borrowings at the end of each Measurement Period ending on or after 1 March 2007 to Consolidated EBITDA for that Measurement Period does not exceed 4.00:1.

• In the Trust Deed, SCM has covenanted with the Trustee that so long as any of the Notes remains outstanding, SCM will ensure that the ratio of Consolidated Net Borrowings to Consolidated Net Worth shall not at any time be more than 1.75:1.

• Xxxxxx Xxxx and Proposed Dividend-in- Specie After the Proposed Xxxxxx Xxxx but before the Proposed Dividend-in- Specie After the Proposed Xxxxxx Xxxx and Proposed Dividend-in- Specie Net Borrowings (S$’000) 224,497 224,497 224,497 Shareholders’ funds (S$’000) 199,548 213,361 205,920 Net gearing (times) 1.13 1.05 1.09 The reduction in the gearing ratio of the CEL Group after the Proposed Xxxxxx Xxxx is due mainly to the gain arising from the Proposed Xxxxxx Xxxx of S$13.8 million.

More Definitions of Net Borrowings

Net Borrowings has the meaning given to it in Clause 21 (Financial covenants).

Net Borrowings means, at any time, the remainder of (a) Total Borrowings of the Group at such time less (b) the aggregate amount of the following items held by the Company and its Subsidiaries at such time: cash on hand, marketable securities, investments in money market funds, banker’s acceptances, short-term deposits and other liquid investments.

Net Borrowings means the aggregate of short-term and long-term borrowings net of cash and bank balances of the Group.

Net Borrowings means, in respect of any Relevant Period, Borrowings less Cash and Cash Equivalents.

Net Borrowings means total borrowings less cash and cash equivalents.

Net Borrowings means Borrowings less Investments;

Net Borrowings means the aggregate of the following, without duplication, as of the most recently completed fiscal quarter of the Company for which its published financial statements are available: