Joel Schwartz is director of the Moving from Debt to Assets program, which was founded in 2005 by the Greater Boston Interfaith Organization.
Also, Wynn has a substantial debt load after building its luxury resorts, and at the end of their last fiscal year debt to assets stood at 47%.
Schwartz said that since its inception, Moving from Debt to Assets has graduated more than 400 participants and now has half of its groups run in languages other than English.
Comparing long-term debt to current assets helps measure financial stability and highlights a potentially worsening situation within a company.
Last week, Hargreaves Services, a coal-mining and logistics company based in Durham, bought the debt linked to secured assets that belonged to another big Scottish coal producer ATH, which was forced into administration in December.
As companies like El Paso are able to unload assets to pay debt, banks are more confident extending credit, which Conrad says averts the potential disaster of companies forced to liquidate power plants at fire-sale prices.
Leaders saw the obvious: money going to pay debt, state assets sold off at bargain basement prices to their local elites and foreign multinationals, while their poverty problem persisted.
Deflation pushes up the real burden of debt, while the value of assets linked to that debt, such as house prices, may have to fall even more sharply in nominal terms to return to a fair level.
Many telcos have been forced to divest other assets to service that debt.
First, "technical" issues such as haircuts, converting debt to equity, liquidating assets or improving corporate governance have to be implemented, not just talked about.
Kirch's creditors are growing very impatient, but his rivals fear that if Kirch is forced to sell assets to pay down his debt, that would allow the likes of Murdoch and Malone to crash into their market.
It is wise to ensure the defendant has sufficient assets to pay their debt before going to court.
BBC: When stores go bust: How to get your money or goods back
Allocation of assets to distressed debt will remain essentially unchanged from 2010, with distressed allocations exceeding 40% of assets under management for 27% of those surveyed.
FORBES: Distressed Debt Investors Prefer Real Estate In 2011
The way to do this, Mr Calomiris argues, is to require every bank to finance a small proportion of its assets by selling subordinated debt to other institutions with the stipulation that the yield on this debt must not be more than 50 basis points higher than the rate on a corresponding riskless instrument.
Deripaska subsequently had to offload assets to help manage billions in debt he had accumulated.
FORBES: Czech Billionaire Lawsuit Casts Shadow on Oleg Deripaska's IPO
You may be tempted to dip into savings, sell assets or go deeper into debt to try to save your home.
Throughout 1999, however, South Korea's government appeared determined to force the chaebol to sell assets, reduce debt, produce more transparent balance sheets, and appoint independent directors to their boards.
It was an opportunity for the companies that issued the debt and had valuable assets to buy the bonds themselves.
China's state-owned port operators are stepping up investments abroad, taking advantage of depressed prices as a global shipping downturn forces companies elsewhere to cut debt by unloading assets.
Although many observers expect U.S. lawmakers to reach a last-minute deal to avoid defaulting on its debt, the uncertainty is prompting investors to shift assets into safe havens, like gold and the Swiss franc.
In the real world a CEO would be a world-class dunce not to issue a dollar of debt in order to snatch ten dollars' worth of assets.
His plan was to use its assets to build a global petrochemicals empire through debt-laden deals.
FORBES: How Billionaires Lost And Made Fortunes In LyondellBasell
Icahn first invested in Chesapeake in 2010 and promptly demanded that the company unload assets to reduce debt.
FORBES: Carl Icahn Unleashed: Wall Street's Richest Man Is On The Attack -- Just Ask Michael Dell
While funds own stocks or other assets, ETNs are debt instruments whose returns are pegged to the return on stocks or other assets.
WSJ: BlackRock Wants Some ETFs to Be Sold Under a Different Label
Oblige banks to issue a certain amount of debt (say 2% of their assets) that is junior to deposits.
While it has achieved scale, much depends on how quickly it's able to turn around its Brazilian assets and generate cash flow to pay back its debt.
That would leave a still formidable debt, with only the media assets to support it.
People said Warner was going bankrupt, they should sell assets to pay down debt to save themselves.
Their basic point is that the current massive increase in debt has not been used to finance productive assets, and is therefore having the opposite affect of what the government intends.
应用推荐