Net Financial Debt. ’ means “Gross Financial Debt” less “cash and cash equivalents”. This measure offers to the reader a global view of the Financial Debt without considering the payment terms and reduced by the effects of the available cash and cash equivalents to face these future payments.

Net Financial Debt means at any time, without duplication, the aggregate amount of all obligations of the Group for or in respect of Financial Indebtedness less any cash or Cash Equivalent Investments of the Group (except for any such Cash Equivalent Investments that are subject to any Security securing Financial Indebtedness other than Financial Indebtedness outstanding with respect to the Finance Documents).

Net Financial Debt means “Non-current liabilities (dettes financières à long terme)” plus “Current financial liabilities (dettes financières à court terme)” plus “Others liabilities such as liabilities associated with assets held for sale” (autres dettes telles que la dette associé à des actifs détenus en vue de la vente)” less “Cash and Cash equivalents (trésorerie et équivalents de trésorerie)” as set out in the respective balance sheet items in the Financial Statements as amended from time to time; and

Examples of Net Financial Debt in a sentence

Current assets and liabilities exclude all items classified as Net Financial Debt, such as Cash and cash equivalents.
Adjusted EBITDA, Capex, OpFCF and Net Financial Debt are non-GAAP measures.
Leverage Leverage is Net Financial Debt divided by Adjusted EBITDAaL for a rolling twelve-month period and is used to assess the indebtedness of Vantage Towers.
ZON’s total Net Financial Debt has an average maturity of 2.65 years (excluding equity swaps) with an all-in average cost of around 3.5%.
To protect against future interest rate fluctuations, ZON has negotiated interest rate hedging operations of 480 million euros (approximately 78% of total Net Financial Debt) with maturities of between 2 and 3 years.

More Definitions of Net Financial Debt

Net Financial Debt means the sum of the following items, calculated on a consolidated basis:

Net Financial Debt means, on the last day of the Relevant Period, the aggregate of the non-current and current financial debts (passifs non courants-dettes financières/langlopende verplichtingen- financiële schulden and passifs courants-dettes financières/kortlopende financiële verplichtingen- financiële schulden) less the cash and cash equivalents (trésories et équivalents de trésorie/ geldmiddelen en kasequivalenten) taking into account the pro rata share of the Issuer of the equivalent line items for its “joint ventures and associates” which are part of the section on “Investments in joint ventures and associates”, for the period covered by and based on the numbers included in the Relevant Financial Statements but using accounting principles and practices consistent with those applied in preparation of the Original Financial Statements;

Net Financial Debt means the sum of the following items:

Net Financial Debt means, on a consolidated basis and without double counting, the aggregate of (i) the debt owing under hybrid securities (insofar as they qualify as debt instruments for the purpose of the consolidated financial statements of the Issuer), (ii) the subordinated long term debt, (iii) the unsecured debentures (including bonds), (iv) the borrowings from financial institutions, and (v) the financial lease obligations of the Issuer less the aggregate of (a) the marketable securities, (b) the cash in hand, and (c) the short term bank deposits of the Issuer.