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.
These interest amounts on shareholders' equity
comply with the right of the holders of preferred shares to receive dividends 10% above the holders of common shares, according to article 17, II, a, paragraph 1, of Law 6404//76, as amended by Law 10,303 dated October 31, 2001;
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
115 has resulted in an increase of $4,993,000 to the Company's shareholders' equity
as of March 14, 1994.
Summit's earnings resulted in a third quarter 2006 return on average shareholders' equity
Specifically, the AMEX noted that the Company's shareholders' equity
continues to be less than $4,000,000 and losses from continuing operations and/or net losses were incurred in three of the last four fiscal years, and that shareholders' equity
was less than $6,000,000 and losses from continuing operations and/or net losses were incurred in each of the last five fiscal years.
Summit's earnings resulted in a second quarter 2006 return on average shareholders' equity
A lower after tax profit in combination with a higher shareholders' equity
led to a reduction in return on shareholders' equity
from 13% to 11%.
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.