In addition, the sixth amendment amends the calculation of Carmike's consolidated EBITDA for purposes of the consolidated leverage ratio and the interest coverage ratio
In fact, the company's interest coverage ratio
declined to 2.
Delphi Financial continues to maintain a debt-to-capital ratio of under 20% and an ample interest coverage ratio
over 11 times.
25 times (x) and a minimum interest coverage ratio
0 times), and a minimum interest coverage ratio
test (EBITDA not to be less than 2.
Tenneco Automotive is required to meet three financial ratios under its senior credit agreement: a maximum leverage ratio (total debt/EBITDA); a minimum interest coverage ratio
(EBITDA/cash interest payments); and a minimum fixed charge coverage ratio (EBITDA - capital expenditures/cash interest payments).
The traditional accrual-based interest coverage ratio
uses income before interest and taxes divided by interest expense.
Additionally, Alfa Corp continues to demonstrate strong interest coverage capacity with an earnings based interest coverage ratio