The Scotts Miracle-Gro Company (SMG) recently stated that it aims to attain a second-quarter net leverage ratio of about 7 times adjusted EBITDA. This will be less than the company's fiscal first-quarter net leverage ratio and its second-quarter maximum of 7.75 times. As debt reduction and covenant compliance are manageable, net leverage will not only be substantially below the second-quarter maximum and better than the first quarter, but it will also become a less critical metric moving ahead, SMG noted. I ...