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Overall market price coverage |
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Overall market price coverageTotal 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.Overall market price coverage Similar MatchesGuaranteed replacement cost coverage insuranceGuaranteed replacement cost coverage insuranceA policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation. Asset coverage testAsset coverage testA bond indenture restriction that permits additional borrowing if the ratio of assets to debt does not fall below a specified minimum. 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. Debt 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. Adequacy of coverageAdequacy of coverageA test that measures the extent to which the value of an asset is protected from potential loss either through insurance or hedging. Further SuggestionsPreferred dividend coverageCoverage Cash flow coverage ratio Coverage ratios Initiate coverage extended coverage Coverage initiated |
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