TheDebt Service Coverage Ratiodetermines the repayment capacity of the borrowing party. The higher this ratio, the better the debt-paying capacity of the borrower. It shows the quantum of surplus cash available with the organization for meeting its debt requirements, such as interest and principal ...
Acquisition, analysis, or interpretation of data: Himmelstein, Dickman, McCormick, Gaffney, Woolhandler. Drafting of the manuscript: Himmelstein, Woolhandler. Critical revision of the manuscript for important intellectual content: Dickman, McCormick, Bor, Gaffney, Woolhandler. Statistical analysis: Himmel...
4.2. Economic interpretation of results Our results confirm Hypothesis 1 that the variation of debt levels among companies in the Russian economy is not only attributable to fundamental factors such as firm size, profitability, asset structure, but also to industry-specific fixed effects. Industry fix...
Miller formula. In yet another blow to the theory, Myers (1993) states, "The most telling evidence against the static trade-off theory is the strong inverse correlation between profitability and fi- nancial leverage... Higher profits mean more dollars for debt service and more taxable income ...
The first research question focused on understanding the demographic and service-use profiles of guarantors. This was important because neither CP nor the client hospitals collected or maintained records on demographic characteristics of guarantors. Table 1, below, presents the results for each relevant...
Considering the data before 2005, this paper uses 1950 as the base period and estimates the cumulative amount of the central government from 1978 to 2004 through the cumulative amount of the difference between the total fiscal debt issuance (100 million yuan) and the debt service expenditure (...