Company: ST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477294-25-000067
Chunk: 84

Company: Sensata Technologies Holding plc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 84
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11.0 2.0 Financing and other transaction costs134.2 5.4 4.4 Other, net7.8 (2.1)11.5 Adjusted EBITDA$859.8 $200.2 $223.2 

28

The following table provides a reconciliation of total debt and finance lease obligations in accordance with U.S. GAAP to gross and net leverage ratios. 

(Dollars in millions)March 31,2025December 31,2024Current portion of long-term debt and finance lease obligations$2.1 $2.4 Finance lease obligations, less current portion20.6 21.0 Long-term debt, net3,177.3 3,176.1 Total debt and finance lease obligations3,200.0 3,199.5 Less: debt premium, net0.9 1.0 Less: deferred financing costs(23.7)(24.9)Total gross indebtedness$3,222.8 $3,223.4 Adjusted EBITDA (LTM)$859.8 $882.8 Gross leverage ratio3.73.7Total gross indebtedness$3,222.8 $3,223.4 Less: cash and cash equivalents588.1 593.7 Net debt$2,634.6 $2,629.7 Adjusted EBITDA (LTM)$859.8 $882.8 Net leverage ratio3.13.0

Liquidity and Capital Resources

As of March 31, 2025 and December 31, 2024, we held cash and cash equivalents in the following regions (amounts have been calculated based on unrounded numbers, accordingly, certain amounts may not appear to recalculate due to the effect of rounding):

(In millions)March 31,2025December 31,2024United Kingdom$6.2 $4.4 United States3.3 6.9 The Netherlands358.2 256.3 China161.9 272.2 Other58.5 53.9 Total$588.1 $593.7 

The amount of cash and cash equivalents held in these geographic regions fluctuates throughout the year due to a variety of factors, such as our use of intercompany loans and dividends and the timing of cash receipts and disbursements