Sentences with phrase «of debt serviced by»

The state took a big hit during the most recent economic troubles, and many Hawaii residents are now carrying a great deal of debt serviced by multiple different lenders, with some of the highest credit utilization in the country.

Not exact matches

By 2047, costs of servicing the debt are expected to total 6.2 % of GDP, up from 1.4 % this year.

By 2025 - 26, the province will be spending $ 16.9 - billion on debt service charges, or 8.8 per cent of revenue.

But the same PBO report projects the debt service ratio will rise to an all - time high of 16.3 per cent by the end of 2021.

The PSLF, established by President George W. Bush in 2007, allows student loan borrowers who pursue government or non-profit public service jobs to wipe out their remaining debt after 10 years of on - time payments.

Perhaps he proposed both initiatives because he was appalled by the behavior of D.C. politicians in the summer scuffle over the debt ceiling and because he believes the public sector right now is incapable of microfinancing in the service of jobs creation.

And last month, an international financial group owned by the world's central banks said Canada's credit - to - gross - domestic - product and debt - service ratios show early warning signs of potential risk to the domestic banking system in the coming years.

A significant share of the corporate debt in stressed economies is now owed by companies with weak debt servicing capacity and this could negatively affect bank balance sheets and cut into profits, it added.

«Much of the welfare state concept was always an illusion, one financed by lavish amounts of debt for which present and future taxpayers will pay in the form of higher taxes and reduced services during their lifetimes,» writes University of Calgary lecturer Mark Milke in a recent article.

That is, when debt service ratios are calculated using the discounted mortgage rates actually charged by banks (about 125 percentage points below posted rates), the average Canadian homeowner is paying just 25 % or so of income on mortgage payments, far below the 32 % benchmark used for mortgage - insurance qualification.

Greece has committed to attaining a primary budget surplus — excluding debt servicing costs — of 3.5 % of economic output by 2018 as part of its third bailout package since 2010.

Example: I recently met a B2B healthcare payments company that seeks to lower doctors offices» bad debts expense from 40 to 5 percent by helping them collect funds upfront at the time services are delivered, instead of 30 days later with an invoice in the mail.

The fresh numbers come as an international financial group owned by the world's central banks says Canada's credit - to - gross - domestic - product and debt - service ratios show early warning signs of potential risk to the banking system in the coming years.

«By signing this document, customer agrees to accept and understands that text messages may be used when servicing the account, including the collecting of debts.»

Today, the U.S devotes 8.1 % of federal revenues to debt service, a level exceeded only by Italy among major OECD nations.

And it was very easy for them to do that without opposition, because in the beginning most of the debts that were owed to the palace itself — both in fees for services the palace provided, or the temple provided (the temple was part of the palace economy), or for land rent by sharecroppers, or for the provision of water and agricultural services to the land.

The cost of borrowing in China has been cut aggressively since the autumn of 2014 in response to the slowdown in the economy and the distress caused to property owners, local government and corporations by high debt - servicing costs.

Posted by Nick Falvo under aboriginal peoples, Balanced budgets, child benefits, Child Care, corporate income tax, CPP, debt, deficits, early learning, economic thought, federal budget, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, labour market, macroeconomics, OECD, Old Age Security, poverty, privatization, public infrastructure, public services, Role of government, social policy, taxation, women.

Public policy is needed to cope with the incompatibility between the inability of consumers, businesses and governments to pay their stipulated debt service except by transferring an intolerable proportion of their assets to creditors.

While the level of mortgage arrears is still low by historical standards, a rising debt - service ratio could signal that's about to change.

To some extent, these concerns are allayed by the existence of natural hedges, such as foreign currency export income, although rising US dollar - denominated debt servicing costs at a time of falling US dollar - denominated commodity revenues would obviously be problematic.

Companies that actually use raw materials and consumers that buy products are being squeezed, by a combination of debt service and a financial austerity plan — while Wall Street and speculators are being enabled to make a killing.

For preferred equity and debt investments, EquityMultiple receives a servicing fee in the form of a «spread» between the interest rate being paid to them by the sponsor or originating lender and that being paid to investors.

Russia in fact continued to service the debts for a few more weeks before completely running out of cash by February 1992.

If the trade is in balance and America has a huge balance of payments surplus from all the debt service that countries owe in dollars — plus a huge remission of profits by American companies that have bought out foreign industry — then the dollar's exchange rate would soar.

The information collected by the credit bureau and processed into your business credit profile is designed to reflect the financial condition of your business and its capacity to service debt.

Erskine Bowles, co-chair of the Simpson - Bowles Deficit Reduction Commission has calculated that service on the interest for that debt alone, if rates stay near record lows, will be $ 1 trillion by 2020!

Meanwhile, debt service shows up in the financing activities, so the more debt you take on, the more you can mislead shareholders by reporting huge operating cash flow (EBITDA) that is actually the property of bondholders.

The proximate cause of death for virtually every defaulting junk bond is a liquidity crisis occasioned by either an inability to generate enough cash to service debt, or an inability to refinance maturing debt.

According to the Global Financial Stability Report released by the IMF (International Monetary Fund), a large number of US companies servicing their debt could be in trouble if the Fed continues to raise rates.

Posted by Marc Lee under budgets, debt, deficits, federal budget, macroeconomics, public services, Role of government, stimulus, taxation, US.

The budget highlights the huge imbalances created by five years of economic crisis: Spain will set aside $ 36.6 billion ($ 49.5 billion) to service its fast - rising pile of public debt, $ 2 billion more than it will spend on the 13 government ministries.

Corporate gearing ratios remain conservative by historical standards and debt servicing costs remain low, reflecting the relatively low level of interest rates.

This is probably correct, but there can be transitional difficulties if borrowers have not factored in rising interest rates, have assumed that the debt servicing burden will be quickly eroded by rising incomes or, in the case of investment property, that it can be sold quickly without loss if a need arises.

We are accredited by the Office of the Superintendent of Bankruptcy to provide government debt relief programs for Canadians including personal bankruptcy and consumer proposal services.

Davis also provides financial advisory services primarily related to the valuation of privately - held equity and debt issued by financial services companies and advisory related to capital structures and M&A.

The bulk of household debt in Australia tends to be owed by those with the highest incomes who are most able to service their loans (Graph 11).

Debt Service Coverage Ratio = Net Profit plus Depreciation plus Amortization plus Interest Expense divided by Current Portion of Existing plus Proposed Debt.

The country is $ 70 billion in debt, schools are closing by the hundreds, and infrastructural services — like the overburdened electricity system — have been overlooked in order to make way for debt payments to Wall Street creditors, according to Juan Cartagena, President and General Counsel of LatinoJustice PRLDEF, a public interest law firm.

Despite a big decline at Adient (ADNT), the fund was boosted by General Dynamic's (GD) ~ $ 9.6 b (including debt) takeover of government IT services provider CSRA (CSRA).

The wealth of a nation is worth whatever banks will lend, by collateralizing the economic surplus for debt service.

It loads down economies with debt — and when debt service exceeds the surplus out of which to pay it, the central bank tries to «inflate its way out of debt» by creating enough new credit («money») to make real estate, stocks and bonds worth more — enough for debtors to borrow the interest due.

Moody's Investors Service announced it would review «for possible downgrade» the credit ratings of five states, including Maryland, that could be hit particularly hard if Congress fails to raise the nation's debt limit by the Aug. 2 deadline and defaults on its financial obligations.

The financial intermediation service charge currently increases the ratio by around 1.4 percentage points, of which around half is attributable to housing - related debt.

The revised data including the financial intermediation service charge suggest a slightly higher debt - servicing ratio over recent years than that indicated by the RBA's earlier estimates, with the revised ratio averaging 1/4 — 1/2 of a percentage point higher over recent quarters.

While falling world interest rates have reduced the servicing cost of foreign debt over the past two years, this has been offset by rising dividend payments on foreign holdings of Australian equity, reflecting the strong profit growth of Australian companies throughout this period.

At present, the properties generate a return of 2.39 per cent before debt service costs and 1.12 per cent after debt service costs and the sweat equity Jack invests by doing all repairs, yard work, and so on.

The flip side of saving less is borrowing more, as evidenced by the leap in all consumer debt and debt service, both in relation to disposable (after - tax) income and relative to assets.

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.

Divide the business net operating income for a year by the amount of the total debt to be paid off (serviced) during that year.