* Calculation: interest cover
(a number) is derived by dividing the company's operating profit by the finance charge.
The companya[euro](tm)s CFO Craig Mitchell expects the move to strengthen the companya[euro](tm)s balance sheet, improve its interest cover
ratio without affecting its debt duration and diversity, he said.Dexusa[euro](tm) remaining investment in the US is a high-quality portfolio focused in core west coast markets, the company said, adding that after this divestment, its US portfolio will account for around 8% of the groupa[euro](tm)s total assets.
AMM--Amcom Telecommunications Limited 2007 2008 2009 2010 2011 Current Ratio 0.6 1.04 1.06 1.27 3.45 Cash Flow Ratio 0.59 1.29 0.96 0.95 1.17 Quick Ratio 0.54 0.96 1 1.21 3.38 Critical needs coverage 0.57 1.19 0.88 0.88 1.10 Interest Cover
34.99 13.53 11.43 32.7 23.81 Cash interest coverage 30.93 17.06 12.69 15.77 20.34 Comment--Whilst the traditional ratios and the cash flow ratios were intially very close the differences become apparent in 2011.
This would, in Moody's opinion, translate into FFO interest cover
that is constantly above 3.0x and retained cash flow to net debt in the low teens (%) in the medium term.
Negative rating triggers include a net leverage sustained above 3x and funds from operations (FFO) interest cover
kept below 2x, or a sharp drop in market share.
= net rent/ interest costs 4 Net rent cover.
- The difference between actual rental income (less costs) and total mortgage repayments Interest cover
= net rent / interest costs 4.
The ratings remain on RWN, reflecting concerns that the deterioration in market conditions has weakened DHCOG's operational performance, and will result in reduced interest cover
with a risk of a covenant breach at the December 2009 year end test date.
Accordingly, the estimated year-end interest cover
ratio remains well below 1 time versus the expectation that interest cover
would strengthen towards 2 times.
This replaces the interest cover
covenant with a cash flow covenant and the documents extend the maturity of Barratt's pounds 400m credit facility from February 2010 to July 2011.
The Bombay sale will reduce Clapham House's net debt to pounds 15 million and will increase interest cover
. Its shares are rated a buy.
Sites of Special Scientific Interest cover
12.5 per cent of Scotland.