Helios Technologies(HLIO) - 2023 Q3 - Earnings Call Presentation

Net debt is total debt minus cash and cash equivalents. Net debt-to-Adjusted EBITDA is net debt divided by Adjusted EBITDA. Net debt and net debt-to-Adjusted EBITDA are not measures determined in accordance with generally accepted accounting principles in the United States, commonly known as GAAP. Nevertheless, Helios believes that providing non-GAAP information such as net debt and net debt-toAdjusted EBITDA are important for investors and other readers of Helios' financial statements, as they are used as ...