ASSET COVERAGE RATIO
It is a test that shows the ability of the company to cover its obligations in debts with its own assets after all the company’s liabilities have been paid off. The formula for this is:
=[(Book Value of Total Assets - Intangible Assets) - (Current Liabilities - Short Term Debt Obligations)] / Total Debt Outstanding
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 05:00 | Credit Card Spending | Mar | |
| 14:30 | Industrial Product Price Index | Mar | |
| 14:30 | New Housing Price Index | Mar | |
| 14:30 | Raw Materials Price Index | Mar | |
| 16:00 | Consumer Confidence | Apr | |
| 02:30 | PMI Manufacturing | Apr | |
| 02:30 | Tertiary Industry Index | Apr | |
| 02:30 | PMI Composite | Apr | |
| 08:00 | Public Sector Net Borrowing | Mar |
