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Asset coverage test |
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Asset coverage testA bond indenture restriction that permits additional borrowing if the ratio of assets to debt does not fall below a specified minimum.Asset coverage test Similar MatchesDebt service coverageDebt service coverageThe ratio of cash flow available to the borrower to the annual interest and principal payments on a loan or other debt. Cash flow coverage ratioCash flow coverage ratioThe number of times that financial obligations (for interest, principal payments, preferred stock dividends, and rental payments) are covered by earnings before interest, taxes, rental payments, and depreciation. Initiate coverageInitiate coverage(1) Firm is now followed by analysts at a particular securities house; (2) Indication to cover short position by purchasing the underlying stock (this cancels out the short position). CoverageCoverageSee: Fixed-charge coverage Debt service coverage ratioDebt service coverage ratioEarnings before interest and income taxes, divided by interest expense plus the quantity of principal repayments divided by one minus the tax rate. Further SuggestionsCoverage initiatedextended coverage Adequacy of coverage Preferred dividend coverage Overall market price coverage Coverage ratios Guaranteed replacement cost coverage insurance |
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