Ratio of Total Liabilities to Tangible Net Worth

Example Definitions of "Ratio of Total Liabilities to Tangible Net Worth"
Ratio of Total Liabilities to Tangible Net Worth. Means, as of any date, (a) (i) Total Liabilities minus (ii) Subordinated Debt divided by (b) (i) Tangible Net Worth plus (ii) Subordinated Debt.
Found in Geospace Technologies Corporation contract
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