Not exact matches
YELLOWKNIFE, Northwest Territories, May 1 (Reuters)- Bank
of Canada Governor Stephen Poloz said
on Tuesday there is good reason to believe the central bank can manage the risks
of Canada's high household
debt, even as he signaled that
interest rate hikes will continue, increasing the cost
of that
debt.
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.
YELLOWKNIFE, Northwest Territories, May 1 - Bank
of Canada Governor Stephen Poloz said
on Tuesday there is good reason to believe the central bank can manage the risks
of Canada's high household
debt, even as he signaled that
interest rate hikes will continue, increasing the cost
of that
debt.
And while Macdonald did not look into it, other studies have pointed to another major influence China has had lately
on many countries, including Canada: how its high savings rate and mounting foreign currency reserves, much
of it invested in benchmark U.S. government
debt, have depressed
interest rates around the world.
But in recent years, as the Bank
of Canada held
interest rates to historically low levels and consumer
debt skyrocketed, the federal government tightened mortgage restrictions
on regulated financial institutions, including HCG.
YELLOWKNIFE, Northwest Territories, May 1 - Bank
of Canada Governor Stephen Poloz said
on Tuesday that the view
of the Canadian economy is quite good despite record levels
of household
debt, and he was confident the central bank can manage the risk
of that
debt even as
interest rates rise.
The decision by the Reserve Bank
of India came close
on the heels
of weak investor
interest in two recent auctions that led to a spike in sovereign
debt yields.
The decision by the Reserve Bank
of India, announced late
on Friday, came close
on the heels
of weak investor
interest in two recent auctions that led to a spike in sovereign
debt yields.
Interest on the
debt, at 9 %
of annual budget spending, is now nearly half
of what the province spends
on each year
on education and more than one - fifth
of what's spent
on healthcare.
The government already spends about $ 12 - billion each year to pay
interest on its
debt, about 8 per cent
of revenue.
Just as alarming is that
interest on this
debt is increasing at an annual rate
of 5 %, outpacing spending increases
on every other budget item.
Such a scenario would drive the deficit higher, and along with it the size
of the
debt — and
interest on that
debt.
The time spent in the work force before launching Swift helped Harris refinance his loans to a lower
interest rate through SoFi, one
of a few new marketplace lenders focusing
on student - loan
debt.
On the other hand, leaving the
interest rate low encourages the kind
of borrowing and spending that has produced record - high levels
of consumer
debt in Canada and pushed housing prices into the stratosphere.
According to the agency, the ARC loans can be used to pay principal and
interest on any «qualifying» small business
debt, «including mortgages, term and revolving lines
of credit, capital leases, credit card obligations and notes payable to vendors, suppliers and utilities.»
The
interest rate
on 10 - year bonds was 1.79 % at the end
of 2014 — about half as much as the federal government had to offer to get investors to buy its
debt a decade ago.
Eliminating loopholes would raise an additional $ 1.2 trillion over two decades; $ 300 billion
of those savings would flow from reduced
interest on the ballooning federal
debt.
If you want to get yourself out
of debt, it's important to minimize the amount you spend
on interest.
Egged
on by low
interest rates and lax lending standards, they've acquired massive
debt — 165 %
of their disposable incomes,
on average.
In the near term, higher
interest rates will have an immediate effect
on consumers with credit card
debt, home equity lines
of credit and those carrying adjustable rate mortgages.
Standard and Poor's estimates the federal government's partial paralysis cost $ 24 billion, and consultancy IHS Global Insights said
on Wednesday that the spike in short - term
interest yields witnessed in the week
of Oct. 14 alone will add $ 114 million to the federal
debt.
The strategy is to deliver a wide array
of financial solutions providing advice
on capital structure, acquisition finance, ratings,
debt issuance, structured finance, and the management
of currency, as well as
interest rate risk.
Moreover, corporate America has been dependent
on low rates to finance the trillions
of debt issuance it has taken
on during the era
of zero
interest rate policy, or ZIRP.
«Part
of our decision rests
on our belief that it would not be in your best
interests to purchase a meaningful position in corporate
debt in this vehicle, which traditionally has been a very important part
of our investment mandate.
Governor Snyder has said that the bankruptcy filing will allow the city to spend more money
on public services because less
of its money will be hurdled toward paying
interest on debt.
For a Wharton MBA borrowing the money
on a standard 10 - year repayment plan, the
debt amounts to about $ 1,408 in monthly payments, assuming a 6.8 %
interest rate and a total
of $ 46,618 in
interest charges.
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.
Debt: Taking on debt raises risk: Interest charges increase your company's break - even level, there's the possibility of foreclosure if the lender can't be paid, and principal and interest payments soak up cash flow that could be used in stressful ti
Debt: Taking
on debt raises risk: Interest charges increase your company's break - even level, there's the possibility of foreclosure if the lender can't be paid, and principal and interest payments soak up cash flow that could be used in stressful ti
debt raises risk:
Interest charges increase your company's break - even level, there's the possibility of foreclosure if the lender can't be paid, and principal and interest payments soak up cash flow that could be used in stressfu
Interest charges increase your company's break - even level, there's the possibility
of foreclosure if the lender can't be paid, and principal and
interest payments soak up cash flow that could be used in stressfu
interest payments soak up cash flow that could be used in stressful times.
Earnings before
interest, taxes and one - time items rose 20 % to 4.13 billion kroner ($ 652 million), beating estimates
of 3.82 billion kroner Sales rose 2 %
on a basis that excludes currency and acquisition effects, compared with analysts projections for growth
of 3.2 %
Debt reduced by 14 % to 21.9 billion kroner Carlsberg reduced its full - year forecast for gains from currency shifts to 50 million kroner from 300 million kroner.
The Bank
of Canada, for one, has carefully assessed the economic risks
of consumer
debt in order to determine how quickly it can raise
interest rates without piling
on too many
debt - servicing costs for over-stretched households.
«They can focus solely
on repaying their
debt and neglect other important aspects
of life, like saving for retirement or buying a house, or they could put off repaying their student loan
debt... and watch as the
interest on their student loans accrues into a mountain.»
Speaking in Montreal
on Thursday, central bank governor Stephen Poloz called household
debt a major risk to the Canadian economy, suggesting the fear
of stoking more borrowing as one reason he has not been even more dovish
on interest rate policy.
«The public funds, at least in Pennsylvania, are structured to enable the bank to make a loan that they might not be able to make without the public
debt behind them by enhancing the loan - to - value, reducing the risk to [the bank], and then passing
on some benefits [to the borrower] in the form
of lower
interest rates, which help cash - flow issues.»
EBITDA is defined as earnings (net income or loss) before
interest expense, net, (gain) loss
on early extinguishment
of debt, income tax (benefit) expense, and depreciation and amortization and is used by management to measure operating performance
of the business.
Represents loss
on early extinguishment
of debt and non-cash
interest expense related to losses reclassified from accumulated other comprehensive income (loss) into
interest expense in connection with
interest rate swaps settled in May 2015.
After those two leveraged buyouts, Neiman carries long - term
debt of $ 4.55 billion,
on which it paid $ 289.9 million in
interest last year.
Adjusted Net Income is defined as net income excluding (i) franchise agreement amortization, which is a non-cash expense arising as a result
of acquisition accounting that may hinder the comparability
of our operating results to our industry peers, (ii) amortization
of deferred financing costs and
debt issuance discount, a non-cash component
of interest expense, and (gains) losses
on early extinguishment
of debt, which are non-cash charges that vary by the timing, terms and size
of debt financing transactions, (iii)(income) loss from equity method investments, net
of cash distributions received from equity method investments, (iv) other operating expenses (income), net, and (v) other specifically identified costs associated with non-recurring projects.
Your
debt - service coverage ratio, also known as the
debt coverage ratio, is the ratio
of cash a business has available for servicing its
debt, which includes making payments
on principal,
interest and leases.
The government beat this projection by nearly $ 1.6 billion — by taking $ 1 billion from reserve, keeping spending levels $ 600 million less than projected, and through $ 335 million
of savings from lower than anticipated
interest rates
on government
debt.
Our
debt balance as
of March 31, 2018, was $ 348 million, down from $ 780 million at loan origination in April 2016; our
debt to Adjusted EBITDA ratio is well below one times; and we have reduced our non-GAAP
interest expense by over 70 % since origination
on an annualized basis.»
The company is paying a hefty 18 %
interest rate
on some
of that
debt.
The Federal govt could actually reduce this substantially by reducing the maturity
on their
debt by issuing short - term
debt instead
of higher
interest bearing long - term
debt.
Plus a majority
of the capital is provided by the secondary market
on 30 year fixed low
interest rate
debt.
Households headed by an employee working for someone else owed $ 5,672 in credit card
debt and paid annual
interest of $ 843
on credit cards.
NerdWallet's 2017 household
debt study shows that several major spending categories have outpaced income growth over the past decade; many Americans are putting medical expenses
on credit cards; and the average indebted household is paying hundreds
of dollars in credit card
interest each year.
an
interest - bearing promise to pay a specified sum
of money (the principal amount)
on a specific date; bonds are a form
of debt obligation; categories
of bonds are corporate, municipal, treasury, agency / GSE
«Floor plan financing
interest» is
interest paid
on debt used to finance the acquisition
of motor vehicles held for sale or lease and secured by the inventory so acquired.
The amount
of debt that is projected under the extended baseline would reduce national saving and income in the long term; increase the government's
interest costs, putting more pressure
on the rest
of the budget; limit lawmakers» ability to respond to unforeseen events; and increase the likelihood
of a fiscal crisis, an occurrence in which investors become unwilling to finance a government's borrowing unless they are compensated with very high
interest rates.
As Scotiabank mentioned in a note last week: «Higher
interest rates are going to make the burden
of refinancing the
debt considerably heavier, and as more money goes into servicing the
debt, it means less money is available to spend
on other things, which could lead to less infrastructure spending and increased austerity.»
In all these cases the effect
of debt deflation extracting
interest is not only
on spending — and hence
on current prices — but
on the economy's long - term ability to produce, by eating into natural resources and the environment as well as society's manmade capital stock.