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However, some debt covenants were written based on the reported shareholders' equity, not the analyst-adjusted shareholders' equity, and this may give bondholders additional rights at the expense of equity owners.
A typical bank revolving loan covenant, for example, may set out the following requirements: a minimum amount of shareholders' equity, a maximum debt-to-equity ratio, and/or a minimum current ratio.
Even though the offsetting adjustment will not result in a charge against income, it is likely that many financial statement readers will be concerned with balance sheets that reflect significant pension liabilities, particularly if the recognition of those liabilities, in part, results in a direct reduction of shareholders' equity.
Shareholders' equity increased and amounted to SEK 12.
HUNTSVILLE, Texas -- Cash Flow Statement is Restated; Has No Impact on Reported Revenues, Net Income, Net Income per Share, Assets, Shareholders' Equity, or Liquidity Position
Specifically, the Company is not in compliance with Section 1003(a)(ii) of the Company Guide, which provides that AMEX will consider suspending or delisting securities of a company that has shareholders' equity of less than $4,000,000 and has losses from continuing operations and/or net losses in three out of its four most recent fiscal years.
After tax adjustments (assuming a 35% tax rate), the FASB's planned changes would have reduced shareholders' equity by $180 billion for the 78 Fortune 100 companies that sponsor defined benefit plans, representing a 9.
First Bancshares' performance during 2005 resulted in a return on average shareholders' equity of 10.
Government or other countries, that it will be able to patent, register or protect its technology from challenge and products from competition or maintain or expand its license agreements with its current licensors, that it will be able to maintain its listing on the American Stock Exchange ("AMEX") by completing a transaction which will provide it with shareholders' equity of at least $6 million, or that its business strategy will be successful.
With regard to Section 1003(a)(ii), the staff of AMEX indicated that the Company had shareholders' equity of less than $4.
The quick ratio of assets to liabilities was approximately 2:1, compared to 3:1 at December 31, 2004, while shareholders' equity at September 30, 2005 was $3.
Financial statements include restatement that reduces shareholders' equity by $10.