Overall market price coverage

Overall 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.

Overall Market Price Coverage

The amount of the market value of a security issue that would be reimbursed in the case of the company's liquidation. It is calculated as:

Overall market price coverage = (A - I)/(S + L)

where A is the value of the company's total assets, I represents its intangibles, S is the market value of the security issue being compared, and L is the value of the company's liabilities and issues with a prior claim.
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