IHOP 2015 Annual Report Download - page 111
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Please find page 111 of the 2015 IHOP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Exhibit 12.1
DINEEQUITY, INC.
Computation of Leverage Ratio and Debt Service Coverage Ratio
for the Trailing Twelve Months Ended December 31, 2015
(In thousands, except ratios)
Leverage Ratio Calculation:
Indebtedness, net (1) .................................................................................................................... $ 1,283,447
Covenant Adjusted EBITDA(1)................................................................................................... 289,948
Leverage Ratio ........................................................................................................................... 4.43
Debt Service Coverage Ratio (DSCR) Calculation:
Net Cash Flow (1)........................................................................................................................ $ 306,618
Debt Service (1) ........................................................................................................................... 56,741
DSCR ......................................................................................................................................... 5.40
(1) Definitions of all components used in calculating the above ratios are found in the Base Indenture and the related
Series 2014-1 Supplement to the Base Indenture, dated September 30, 2014, filed as Exhibits 4.1 and 4.2,
respectively, to our Current Report on Form 8-K filed on October 3, 2014.