In a previous post, I discussed how divorcing couples divide
financial assets and debts during divorce mediation.
Most importantly, the status quo monetary policy distorts economic activity towards debt - based
financial assets and debt - financed durable goods such as the «cash for clunkers» program to boost auto sales.
Not exact matches
Before the
financial crisis, most every economy was doing well, albeit on a bubble of
debt and inflated
asset prices.
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements
and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business
and execute our growth strategy, including the timing, execution,
and profitability of new
and maturing programs; 2) our ability to perform our obligations under our new
and maturing commercial, business aircraft,
and military development programs,
and the related recurring production; 3) our ability to accurately estimate
and manage performance, cost,
and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures
and the potential for additional forward losses on new
and maturing programs; 5) our ability to accommodate,
and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand
and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market
and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries
and markets in which we operate in the U.S.
and globally
and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success
and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco,
and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing
and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing
and Airbus,
and other customers,
and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's
and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan
assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance
debt, including our ability to obtain the
debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers
and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws
and U.S.
and foreign anti-bribery laws such as the Foreign Corrupt Practices Act
and the United Kingdom Bribery Act,
and environmental laws
and agency regulations, both in the U.S.
and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts
and Jobs Act (the «TCJA») that was enacted on December 22, 2017,
and changes to the interpretations of or guidance related thereto,
and the Company's ability to accurately calculate
and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost
and availability of raw materials
and purchased components; 23) our ability to recruit
and retain a critical mass of highly - skilled employees
and our relationships with the unions representing many of our employees; 24) spending by the U.S.
and other governments on defense; 25) the possibility that our cash flows
and our credit facility may not be adequate for our additional capital needs or for payment of interest on,
and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over
financial reporting; 29) the outcome or impact of ongoing or future litigation, claims,
and regulatory actions; 30) exposure to potential product liability
and warranty claims; 31) our ability to effectively assess, manage
and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business
and generate synergies
and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships
and other business disruptions for ourselves
and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws,
and domestic
and foreign government policies;
and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Among other things, the Global Portfolio invests in
assets such as listed equities,
debt securities, money market instruments, real estate, commodities, cash
and financial derivative instruments.
There are really three factors that go into the ability to pay off indebtedness: first, the size of the
debt itself (including the rate at which it grows); second, the ratio of one's income or
assets to the
debt;
and third, the competing demands on your
financial resources.
The
assets come over unencumbered by outstanding liabilities, so the new
debt on these
and the accompanying interest payments on this new loan could be a very good fit with the overall
financial picture of the post-deal enterprise.
The central bank noted in its statement that «
financial vulnerabilities in the household sector continue to edge higher,» which is the Governing Council's way of saying that ultra-low borrowing costs continue to put upward pressure on
asset prices
and personal
debt.
Some of the proceeds of the IPO will go to repay outstanding
debt Zipcar owes to
financial instutitutions,
and «approximately $ 5.0 million to repay amounts owing to certain former shareholders of Streetcar» as well as a portion of the net proceeds to invest in «companies, technologies, services or
assets that complement our business.»
But financially speaking, your net worth equals your
assets — cash, property (like your home, car
and furniture), your checking
and savings account balances
and any investments — minus your liabilities, which are your
debts and other
financial obligations.
An example of this was seen during the
financial crisis of 2008/09, whereby many
financial institutions overleveraged themselves with
debt,
and as
assets fell in value, the ratio of
debt within the organizations became too high to be sustainable.
Just as
debt deflation diverts income to pay interest
and other
financial charges — often at the cost of paying so much corporate cash flow that
assets must be sold off to pay creditors — so the phenomenon leads to stripping the natural environment.
The effect of transfer payments to the
financial sector — as well as the $ 5.3 trillion increase in U.S. Treasury
debt from taking Fannie Mae
and Freddie Mac onto the public balance sheet — is to support
asset prices (above all those of the banking system), not inflate commodity prices
and wages.
But, at the same time, more
debt and higher
asset prices may create vulnerabilities in the
financial system.
The Company uses the proceeds raised from the issuance of units to invest in SMEs through local market sub-advisors in a diversified portfolio of
financial assets, including direct loans, convertible
debt instruments, trade finance, structured credit
and preferred
and common equity investments.
However, in comparison to households that only hold owner - occupier
debt, there is evidence that investors tend to accumulate higher savings in the form of other
assets (such as paying ahead of schedule on a loan for their own home, as well as accumulating equities, bank accounts
and other
financial instruments).
Asset - price inflation gives way to crashing prices
and negative equity for real estate
and for much
financial debt leveraging as well.
They are to pay for their rising
debt service not by taxing the population, but by selling public
assets to the
financial, insurance
and real estate (FIRE) sectors — the very sectors which are receiving the growing interest payments on the national
debts resulting from lowering taxes on wealth.
Unfortunately, Mr. Krugman's failure to see today's economic problem as one of
debt deflation reflects his failure (suffered by most economists, to be sure) to recognize the need for
debt writedowns, for restructuring the banking
and financial system,
and for shifting taxes off labor back onto property, economic rent
and asset - price («capital») gains.
Meanwhile, the Bank for International Settlements (BIS) expressed concern about the next recession, stating that «recessions triggered by
financial crises are typically preceded by sustained episodes of bubbly
asset prices
and debt - financed spending booms.»
2008 global
financial crisis, world HNW
and MC's, flooded back into US, driving USD strength, flatlined global economy, decelrating trade, collapse of commodity values, reduction in opportunity horizon of Manufacturing
and Productive EM, along with
debt dynamics in China accelerating (Money Printing,
Asset Bloat)
and staid developed world horizons
and Equity bloat in US.
Alantra is a global investment banking
and asset management firm focusing on the mid-market with offices across Europe, the US, Asia and Latin America Its Investment Banking division employs over 260 professionals, providing independent advice on M&A, debt advisory, financial restructuring, credit portfolio and capital markets transactions The Asset Management division comprises a team of 78 professionals with $ 3.7 bn in Private Equity, Active Funds, Debt and Real E
asset management firm focusing on the mid-market with offices across Europe, the US, Asia
and Latin America Its Investment Banking division employs over 260 professionals, providing independent advice on M&A,
debt advisory, financial restructuring, credit portfolio and capital markets transactions The Asset Management division comprises a team of 78 professionals with $ 3.7 bn in Private Equity, Active Funds, Debt and Real Es
debt advisory,
financial restructuring, credit portfolio
and capital markets transactions The
Asset Management division comprises a team of 78 professionals with $ 3.7 bn in Private Equity, Active Funds, Debt and Real E
Asset Management division comprises a team of 78 professionals with $ 3.7 bn in Private Equity, Active Funds,
Debt and Real Es
Debt and Real Estate
In addition to being one of the most comprehensive
and useful retirement calculators — really more like a virtual
financial advisor — the tool can instantly tell you how your retirement income, expenses,
assets,
debt and net worth compare to other people in your own zip code.
The lender will look at your monthly income, recurring
debts,
and financial assets (among other things).
This collateral (i.e., permissible vehicles investments) may include: (i) match - funded
assets,
and, (ii)
debt securities, equity securities
and other
financial instruments issued or guaranteed by the US government or its agencies, sovereign governments, supra - national entities, corporations,
financial institutions
and asset - backed or mortgage - backed issuers that are the subject of credit support agreements.
They teach the tactics of
asset stripping
and how to replace industrial engineering with
financial engineering, as if financialization creates wealth faster than the
debt burden.
Having rapidly pulled ahead over the past three decades, China must remain free of rentier ideology that imagines wealth to be created by
debt - leveraged inflation of real - estate
and financial asset prices.
I actually think something else is going on here — rather than talking about regulating the
financial sector, the government
and the Bank are signaling that they are willing to provide lender - of - last - resort assurances to those who sell or engage in derivative
financial products, of which the
asset - back mortgage
and commercial
debt are but two examples.
Ray focuses on
financial services
and commercial real estate, with a specialization in negotiated private placements of term
asset - backed securities, warehouse credit facilities, whole loan transactions, subordinated
debt financings,
and other transactions for specialty finance companies
and commercial real estate.
By using a combination of
assets,
debt, equity,
and interest payments, leverage ratios are used to understand a company's ability to meet it long - term
financial obligations.
We've quoted previously from Artemis» October report, «Volatility
and the Alchemy of Risk» (WILTW October 26, 2017): «A dangerous feedback loop now exists between ultra-low interest rates,
debt expansion,
asset volatility,
and financial engineering that allocates risk based on that volatility.»
Blockchain
financial applications could also be used to track
assets and debt.
«A dangerous feedback loop now exists between ultra-low interest rates,
debt expansion,
asset volatility,
and financial engineering that allocates risk based on that volatility.
In its latest Global
Financial Stability Report (October 2017), the IMF raises «concerns about a continuing buildup in
debt loads
and overstretched
asset valuations [that] could have global economic repercussions» (p. 42).
Examples of these risks, uncertainties
and other factors include, but are not limited to the impact of: adverse general economic
and related factors, such as fluctuating or increasing levels of unemployment, underemployment
and the volatility of fuel prices, declines in the securities
and real estate markets,
and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict
and threats thereof, acts of piracy,
and other international events; the risks
and increased costs associated with operating internationally; our expansion into
and investments in new markets; breaches in data security or other disturbances to our information technology
and other networks; the spread of epidemics
and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices
and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations,
and to generate the necessary amount of cash to service our existing
debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our
assets pledged as collateral under our existing
debt agreements
and the ability of our creditors to accelerate the repayment of our indebtedness; volatility
and disruptions in the global credit
and financial markets, which may adversely affect our ability to borrow
and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts
and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell
and market our cruises; our reliance on third parties to provide hotel management services to certain ships
and certain other services; delays in our shipbuilding program
and ship repairs, maintenance
and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates
and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members
and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations
and enforcement actions; changes involving the tax
and environmental regulatory regimes in which we operate;
and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K
and subsequent filings by the Company with the Securities
and Exchange Commission.
According to the study that was just recently conducted by the Soccerex Football Finance 100, which ranks the world's top teams based on both their playing
and fixed
assets, money in the bank, owner potential investment
and debt, Arsenal has more
financial power than those big clubs:
Kinnaird also asked the law firm of Earl Neal, which has been administering the park district's
financial affairs since it was placed into receivership last August, to submit a plan to manage the park district's
debts and assets.
The details were daunting: the budget deficit was projected to reach nearly half a billion dollars in three years; a district audit showed LA Unified
debt outstripped
assets by $ 4.2 billion; unfunded pensions topped $ 13 billion
and have more than doubled since 2005; per - pupil funding had doubled but the district still faces
financial crisis;
and plans for a turnaround included boosting enrollment but not cutting staff.
The trustee will ask questions about your
assets,
debts,
and other
financial matters.
It starts with compiling all your
financial records —
debts,
assets, income, expenses —
and listing them.
You will have to provide your
financial information such as your income,
assets, credit card
debts,
and liabilities.
Encore Capital Group, Inc. provides
debt management
and recovery solutions for consumers
and property owners across a broad range of
financial assets.
They will» sell» their service to you as a solution to help get out of
debt whereas the reality of the situation when dealing with such lending institutions is the fact that you are more likely to get into even more
financial strife
and lose the
assets that have been put up as collateral for the loan
and possibly force you into bankruptcy.
To qualify, you must submit a
financial disclosure showing your income,
assets,
debts,
and expenses.
Company
financial strength is scored by looking at levels of the current ratio (current
assets divided by current liabilities)
and debt - to - equity ratio (long - term
debt divided by equity
and expressed as a percentage).
A lender's willingness to give your company credit is going to depend directly on your
financial situation, such as your current income to
debt ratio,
debt history,
and ability to contribute personal
assets as collateral.
In filing for Chapter 13, a bankruptcy court will consider your income,
debt load,
and other
financial assets to determine your minimum payments.
First, we will evaluate your overall
financial picture, including your
debt - to - income ratio
and assets, based on the information you provide.
A
financial ratio indicating the relative proportion of shareholder equity
and debt used to finance a company's
assets.
But as even he has discovered, many of these investors may still need some help or guidance in choosing ETFs, settling on an appropriate
asset allocation, rebalancing or even with
financial issues that go well beyond managing investment portfolios — more holistic challenges like tax - efficient withdrawal strategies, insurance
and estate planning,
debt management
and the like.