Monday, November 07, 2016 11:50:45 PM
Under the EBITDA calculations and above ratios, it's a trailing 12-month calculation against the net income of certain pro forma adjustments that account for the impact of material acquisitions for divestitures, adjustments for interest or taxes or depreciation and amortization, and net income attributable to noncontrolling interest, stock compensation, restructuring costs, and the financial impact of other non-cash or nonrecurring items during a 12-month period.
For the 12-month period ending September 30, 2016, the secured net leverage ratio of financial covenant other than the ratios of secured debt is defined to less than 4.25 to 1. And for the 12-month period ending September 30, the interest ratio financial covenant in the credit facility limited to ratio of consolidated EBITDA or consolidated interest to greater than or equal to 2.0.
The Company was in compliance with all such covenants as September 30, 2016, with a secured net leverage ratio of 3.95 and an interest rate coverage of 2.55. Our interest rate cushion on our secured leverage ratio is about 7% and our EBITDA cushion on interest coverage is about 27%.
Recent CYH News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 08:02:07 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:33:25 PM
- Community Health Systems, Inc. Announces Election of New Independent Director • Business Wire • 05/07/2024 08:15:00 PM
- Community Health Systems to Participate in 2024 RBC Capital Markets Global Healthcare Conference • Business Wire • 05/07/2024 03:00:00 PM
- Community Health Systems, Inc. Announces First Quarter Ended March 31, 2024 Results • Business Wire • 04/24/2024 08:15:00 PM
- Community Health Systems Announces Definitive Agreement to Sell Cleveland, Tennessee, Hospital to Hamilton Health Care System • Business Wire • 04/18/2024 08:15:00 PM
- Community Health Systems to Webcast First Quarter 2024 Conference Call • Business Wire • 04/10/2024 03:00:00 PM
- Community Health Systems Addresses Health Disparities through Doctors’ Day Donations and Second Annual Jars of Love Peanut Butter Drive • Business Wire • 03/28/2024 01:00:00 PM
- Community Health Systems Partners With Mark Cuban Cost Plus Drug Company to Address the Rising Cost of Drugs and Potential Drug Shortages • Business Wire • 03/07/2024 02:00:00 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 03/04/2024 11:07:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:59:03 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:58:28 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:57:59 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:57:29 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:56:55 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:56:22 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:55:35 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:55:08 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:54:29 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:54:05 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:53:31 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:52:03 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:51:36 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:51:08 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM