Net debt/EBITDA definition
Net debt/EBITDA means net interest bearing debt divided by EBITDA. Net interest-bearing debt at year-end 2007-2009 and at September 30, 2010 is adjusted as if Sunrise and Invitel had been treated as assets and liabilities held for sale, respectively. Net interest-bearing debt means loans and other interest- bearing debt less cash and interest-bearing receivables. EBITDA is converted to full-year basis.
Net debt/EBITDA means, in respect of a Collateral Obligation, the meaning of “Net Debt/EBITDA”, the ratio of “Net Debt” over “EBITDA”, or other comparable definition(s) in each case specified in the Underlying Instruments or, if no such definition(s) exists, an amount equal to:
Net debt/EBITDA. ’ means the ratio between net debt to EBITDA. The table below sets out a calculation of net debt divided by EBITDA for the periods indicated:
Examples of Net debt/EBITDA in a sentence
If each of the three Performance Goals are attained at a “Good” level or an “Excellent” Level (i.e., net profit CAGR = 8%, Net debt/EBITDA = 2.7% and Share Price Performance = 2nd place) measured as of December 31, 2018, then the Grantee shall receive early of payment of shares of Common Stock equal to 20% of the Maximum Award (an “Early Award”).
Net debt/EBITDA at the end of 2012 is expected to be around 1.0x, after the expected cash impact of the restructuring of between £60 to £70 million (the bulk of which will be in the first half).
More Definitions of Net debt/EBITDA
Net debt/EBITDA means, as of 31 December 2016, 2015 and 2014, Net Debt divided by EBITDA for the years then ended. As of 30 June 2017 and 2016, Net Debt to EBITDA means Net Debt divided by EBITDA for the twelve months ended 30 June 2017 and 2016, respectively, which is calculated as the sum of EBITDA for each of the two most recent consecutive semi-annual periods;
Net debt/EBITDA. ’ means the ratio of net debt to EBITDA.
Net debt/EBITDA. ’ means net interest-bearing debt divided by EBITDA. EBITDA is converted to full-year basis. ‘‘EBITDA’’ means earnings before interest, tax, depreciation and amortization and Special Items. Neither ‘‘EBITDA’’ nor any measures derived from EBITDA are recognized measures in accordance with IFRS. As defined by TDC, such measures may not be consistent with similarly named measures used by other companies. For a reconciliation of EBITDA to operating profit (EBIT), see ‘‘Selected Historical Consolidated Financial and Operating Information’’.
Net debt/EBITDA means the ratio of net debt after excluding the restricted cash divided by EBITDA inclusive of the annualised impact on EBITDA from the new investments and disposals during the period;