CoverageSee: Fixed-charge coverage
Overall market price coverageOverall market price coverage
Total assets less intangibles divided by the total of the market value of the security issue and the book value of liabilities and issues having a prior claim. This is used to determine how much of the market value of a certain class of securities would be covered in liquidation.
Asset coverage testAsset coverage test
A bond indenture restriction that permits additional borrowing if the ratio of assets to debt does not fall below a specified minimum.
Adequacy of coverageAdequacy of coverage
A test that measures the extent to which the value of an asset is protected from potential loss either through insurance or hedging.
Preferred dividend coveragePreferred dividend coverage
Net income after interest and taxes (before common stock dividends) divided by preferred stock dividends.
Coverage ratiosCoverage ratios
Ratios used to test the adequacy of cash flows generated through earnings for purposes of meeting debt and lease obligations, including the interest coverage ratio and the fixed-charge coverage ratio.
Further SuggestionsGuaranteed replacement cost coverage insurance
Debt service coverage
Debt service coverage ratio
Cash flow coverage ratio