Total Debt to Total Capitalization definition

Total Debt to Total Capitalization. Total Debt, at any date, divided by Total Capitalization as of the same date.

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Total Debt to Total Capitalization is calculated as Total Debt (divided by) Total Capitalization where Total Debt and Total Capitalization are defined as below: Total Debt is calculated as: *Notes Payable + Current Maturities of Long-Term Debt + Current Capitalized Lease Obligations + Long-Term Debt + Capitalized Lease Obligations + Total Off-Balance Sheet Debt "Total Off-Balance Sheet Debt" includes off-balance sheet financings such as: *Operating and synthetic leases, accounts receivable securitizations, contingent liabilities and other potential off-balance sheet obligations Total Capitalization includes: *Total Debt + Minority Interest + Total Preferred and Preference Stock + Common Stock Equity

Total Debt to Total Capitalization means, on any date, the ratio of (a) Total Debt as at such date to (b) the sum of (i) Total Debt as at such date plus (ii) the sum of (A) the capital accounts including common stock and preferred stock, but excluding treasury stock of the Surviving Party plus (B) the earned surplus and capital surplus of the Surviving Party (excluding adjustments to translate foreign assets and liabilities for changes in foreign exchange rates made in accordance with Financial Accounting Standards Board Statement No. 52), as determined in accordance with GAAP as of such date.

Examples of Total Debt to Total Capitalization in a sentence

McKesson agrees that it will, as of the end of each calendar month, maintain a ratio of Total Debt to Total Capitalization of not greater than 0.565 to 1.00.
The Total Debt to Total Capitalization Ratio shall not exceed 0.55:1.00 at any time.
Permit the ratio of Consolidated Total Debt to Total Capitalization to be greater than 0.70:1.00 as of the end of any fiscal month of the Guarantor (as determined by the Guarantor based on its internal fiscal month-end consolidated balance sheet prepared not later than ten (10) days following the end of such fiscal month) or at the end of any fiscal quarter of the Guarantor (as reflected on the consolidated financial statements delivered to the Banks pursuant to Section 5.1).
Permit the ratio of Consolidated Total Debt to Total Capitalization to be greater than 0.70:1.00 as of the end of any fiscal month of Holdings (as determined by Holdings and the Borrower based on their internal fiscal month-end consolidated balance sheet prepared not later than ten (10) days following the end of such fiscal month) or at the end of any fiscal quarter of Holdings (as reflected on the consolidated financial statements delivered to the Lenders pursuant to Section 6.1).
The Company shall not permit the ratio of Total Debt to Total Capitalization as at the last day of any calendar month to exceed 0.565 to 1.00.
As calculated on a consolidated basis for the Restricted Companies, Borrower shall never permit the ratio of Total Debt to Total Capitalization, on any date of determination, to exceed 0.68 to 1.00.
The Borrower shall not permit the ratio of Total Debt to Total Capitalization to exceed 0.55 to 1.00.
The Borrower shall not permit its Total Debt to Total Capitalization Ratio to be greater than 0.35 to 1.0 at the end of any Fiscal Quarter.
The Borrower shall not permit the ratio of Total Debt to Total Capitalization as at the last day of any calendar month to exceed 0.65 to 1.00.
The Parent, on a consolidated basis with the Subsidiaries, shall not permit the ratio of Total Debt to Total Capitalization to be greater than 60% at any time.

More Definitions of Total Debt to Total Capitalization

Total Debt to Total Capitalization means the ratio of (i) all indebtedness for borrowed money (including letters of credit to the extent the aggregate principal amount thereof exceeds Cdn.$7,500,000 and guarantees of money borrowed by third parties) of the Borrower, to (ii) the indebtedness for borrowed money (including letters of credit to the extent the aggregate principal amount thereof exceeds Cdn.$7,500,000 and guarantees of money borrowed by third parties) of the Borrower, plus the shareholders equity of the Borrower.