Examples of Net debt to adjusted EBITDA in a sentence
Net Debt to Adjusted EBITDA Ratio Net Debt to Adjusted EBITDA Ratio is a supplemental measure derived from non-GAAP financial measures the Company uses to evaluate its capital structure and the magnitude of its debt against its operating performance.
The Net Debt to Adjusted EBITDA ratio is calculated by dividing Net Debt by trailing twelve-month Adjusted EBITDA.
In addition, the Net Debt to Adjusted EBITDA ratio is measures frequently used by investors and credit rating agencies.
NCR believes that its ratio of Net Debt to Adjusted EBITDA provides useful information to investors because it is an indicator of the company's ability to meet its future financial obligations.
Net Debt to Adjusted EBITDA* Net Debt to Adjusted EBITDA is calculated as Net Debt divided by Annualized Adjusted EBITDA, which is Adjusted EBITDA, as adjusted for annualizing adjustments that give effect to the acquisitions and dispositions completed during the respective period as though such acquisitions and dispositions were completed as of the beginning of the period presented.
EnCana targets a Net Debt to Adjusted EBITDA of 1.0 to 2.0 times.
Cenovus targets a Net Debt to Adjusted EBITDA ratio of less than 2.0 times over the long-term.
The Company also uses "Net Debt to Adjusted EBITDA", which it defines as Net Debt divided by Adjusted EBITDA for the trailing twelve months as a metric of its current leverage position.
Over the long term, Cenovus targets a Net Debt to Adjusted EBITDA ratio of less than 2.0 times.
Del Monte uses Net Debt to Adjusted EBITDA ratios internally to focus management on year-over-year changes in the Company’s leverage and believes this information is also helpful to investors.