Asset-Coverage Test
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Asset-coverage test

A bond indenture restriction that permits additional borrowing if the ratio of assets to debt does not fall below a specified minimum.

Asset-Coverage Test

A test determining whether a company is allowed to issue bonds. It is calculated by subtracting a company's current liabilities from its net assets and dividing the quantity by its total debts and/or preferred stock obligations; it may be expressed as dollar amount or as a percentage. Generally, a higher asset-coverage test is desirable, as it indicates the level of debt is low compared to net assets. A significant limitation of the asset-coverage test is the fact that it does not account for liquidity when making the calculation.

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No references found			The rating is based upon the asset coverage tests in place and the experience and track record of the asset manager. New America Auction Term Preferred Rated 'AAA' by Fitch IBCA - Fitch ... by PR Newswire Should the Preferred Asset Coverage Test decline below its threshold amount or the Effective Leverage Test increase above its threshold amount, the governing documents' mandatory redemption provisions will require the fund to reduce the leverage in a sufficient amount to restore compliance with the applicable asset coverage test(s). Fitch Affirms Pfd Shares of Nuveen Virginia Premium Income Municipal ... by Business Wire The rating is based upon the asset coverage tests in place and the experience and track record of the asset manager. New America $50M Auction Term Preferred Stock, Series C Rated 'AAA' ... by PR Newswire			Assessable Mutual Assessed Valuation assessed value assessment Assessment Company Assessment of Deficiency Assessment Period Assessment Ratio Assessment Roll assessor assessor parcel number asset Asset Activity Ratios Asset Adequacy Tested Reserve Asset Allocation Asset allocation decision Asset Allocation Fund Asset Allocation Mutual Fund Asset Backed Asset Class Asset Classes Asset Conservation, Lender Liability and Deposit Insurance Act of 1996 asset cost recovery system Asset Coverage Asset Coverage Ratio Asset Coverage Test asset depreciation range Asset Depreciation Range System Asset Depreciation Risk Asset Financing Asset for Asset Swap Asset Impairment Asset Ledger asset management Asset Management Account Asset Motive Asset Play Asset Price Asset Pricing Model Asset Quality asset redeployment Asset Retirement Obligation Asset Sale Asset Share Value Asset Stripper Asset Stripping Asset Substitution Asset Substitution Problem Asset Sufficiency or Insufficiency Asset Swap Asset Turnover			Asset Based Lending Asset Based Lending Asset Capitalization Program Asset Card Asset Card Asset Card Asset Cards Asset Cards Asset Cards Asset class Asset classes Asset classes Asset classes Asset classes Asset classes Asset Component Prototype System Asset Condition Index Asset Condition Inspection Asset Condition Reporting System Asset Conservation, Lender Liability and Deposit Insurance Act of 1996 Asset Consulting Group Asset Control Subsystem Asset Control System Asset Conversion Loan Asset Conversion Loans asset cost recovery system Asset Cover Asset Cover Ratio Asset Coverage Asset Coverage Ratio Asset Coverage Test Asset Depreciation Range Asset Depreciation Range Asset Depreciation Range Asset Depreciation Range Asset Depreciation Range System Asset Depreciation Range System Asset Depreciation Risk Asset Depreciation Risks Asset Description Metadata Schema Asset Development Project Asset Discovery Tool Asset Economic Value Added Asset Equity Ratio Asset Evaluation Worksheet Asset Exchange Asset Exchanges Asset Finance Quotation System Asset Financing Asset for asset swap Asset for Asset Swaps Asset forfeiture Asset forfeiture Asset forfeiture Asset forfeiture Asset Forfeiture and Money Laundering Section Asset Forfeiture Coordinator Asset Forfeiture Oversight Advisory Asset Forfeiture Oversight Advisory Committee Asset Forfeiture Tracking System Asset Freezing Unit

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Asset-Coverage Test (redirected from Asset Coverage Test)

Asset-Coverage Test
(redirected from Asset Coverage Test)