Net Financial Debt definition

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.

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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 financial 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 associée 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.

Examples of Net Financial Debt in a sentence

The total Consideration shall be the aggregate of (i) €205,000,001, being the total Consideration for the Shares and the Halsteren Assets on a debt and cash free, and (ii) €5,000,000, being the Target Net Financial Debt, which is to be adjusted in accordance with Clause 4.1(c)(ii).
For the purpose of adjusting the interest, as set forth in clause 4.3.1 of the Terms on the Other Side of the Page: the ratio of Net Financial Debt to Adjusted EBITDA shall not exceed 10.
To refrain from financing using financial lease operations except those included in the definition of Net Financial Debt for the calculation of Financial Ratios.
Consequentially, any claim of the relevant Group Companies for a potential loss compensation or any liability concerning a potential profit transfer is part of the Net Financial Debt under Clause 5.2 (d).
For the purpose of the cause for immediate repayment in clause 9.1.13 of the Deed: the ratio of Net Financial Debt to Net CAP shall not exceed 67.5%.

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, at any time, the aggregate amount of all obligations of the Company for or in respect of Financial Indebtedness at that time but:

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.

Net Financial Debt means all financial debt less cash, cash equivalents and liquid assets on a consolidated basis;

Net Financial Debt. : means the Total Financial Debt, less the cash balance and short- term investments of the Issuer and its subsidiaries, based on the last Consolidated Financial Statements of the Issuer submitted to CVM.