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 of 4.
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 of 17.
