Steelcase Q2, 2022 Earnings Presentation
Steelcase Q2, 2022
Our balance sheet remained strong in Q2 and provides stability
through business cycles
$1,500
$1,000
Q2 FY22, $ MILLION
Credit |
Facility
I
$500
COLI
Cash
$0
Liquidity Profile
Capital Base
Credit facility covenant information
(1) maximum leverage ratio covenant, which is measured by the ratio of
indebtedness less liquidity to trailing four quarter adjusted EBITDA (as
defined in the credit agreement) and is required to be less than 3:5:1
(2) minimum interest coverage ratio covenant, which is measured by the ratio
of trailing four quarter adjusted EBITDA (as defined in the credit
agreement) to trailing four quarter interest expense and is required to be
no less than 3:0:1.
As of August 27, 2021, we were in compliance with all covenants under the
facility.
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