At September 30, 2023, and subject to the completion of our corresponding compliance reporting requirements, the ratios of Net Total Leverage and Net Covenant Leverage were 3.2x and 2.2x compared to 3.5x and 2.3x at June 30, 2023. The quarter-on-quarter improvement in both leverage ratios is the combined effect of a higher cash balance and an improvement in our last two quarter’s annualized Adjusted EBITDA(aL).

For additional information, we refer to our Q3 2023 earnings release.