Net Debt definition

Net Debt is calculated by adding short-term and long-term debt and subtracting cash and liquid assets.

Net Debt means, at any time, the aggregate outstanding principal amount of all debt (including, without limitation, the principal portion of all capitalized leases) of the Borrower and its Subsidiaries (determined on a consolidated basis in accordance with GAAP) less the sum of (without duplication);

Net Debt means the amount necessary to liquidate the remaining debt in a single lump sum payment, excluding all unearned interest and other unearned finance charges.

Examples of Net Debt in a sentence

• Cenovus’s capital structure consists of shareholders’ equity plus Net Debt.

• For purposes of this analysis, management excludes L&RFD, FPNP, and cash and cash equivalents, for the reasons provided in the debt analysis above and uses Adjusted Net Debt in the calculation.

• The Company uses the following non-IFRS measures: Adjusted Operating Earnings, Adjusted Earnings per Share, Adjusted EBITDA, Adjusted EBITDA Margin, Construction Capital, Net Debt, Free Cash Flow and Return on Net Assets.

• The Company defines Net Debt as the sum of the face amount of short-term and long-term debt and unamortized premium and/or discount, offset by cash and cash equivalents.

• A detailed reconciliation of Net Debt has been included in the tables distributed with this release.

More Definitions of Net Debt

Net Debt means Debt for Borrowed Money less Cash and Cash Equivalents.

Net Debt means, as of any date of determination, the aggregate amount of Indebtedness (except for intercompany Indebtedness as among the Company and its Subsidiaries) of the Company and its Subsidiaries, plus any scheduled payments owing by the Company or its Subsidiaries for Fines less the sum of cash and cash equivalents, including marketable securities.

Net Debt means the sum of the outstanding principal amount of the senior secured notes, interest thereon, amounts outstanding under the revolving credit facility and deferred consideration payable in relation to the acquisition of loan portfolios, less cash and cash equivalents. Net debt is presented because it indicates the level of debt after taking out of the Group’s assets that can be used to pay down outstanding borrowings, and because it is a component of the maintenance covenants in the revolving credit facility. The breakdown of net debt for the period ended 30 June 2017 is as follows:

Net Debt means, as of the last day of a given fiscal year of the Company, the excess of (a) Consolidated Total Indebtedness (as defined in the Credit Agreement) of the Company over (b) the amount of cash and cash equivalents set forth on the Company’s balance sheet.

Net Debt means long-term debt and bank loans, including the current portion thereof, net of cash and cash equivalents.

Net Debt means gross debt less cash and cash equivalents (cash plus marketable investment securities);

Net Debt means Financial Indebtedness less cash and cash equivalents.