asset cover


asset cover
A ratio that provides a measure of the solvency of a company; it consists of its net assets divided by its debt. Those companies with high asset cover are considered the more solvent.

Accounting dictionary. 2014.

Look at other dictionaries:

  • asset cover — noun [uncountable] another name for asset backing * * * asset cover UK US noun [U] ► ACCOUNTING, FINANCE ASSET BACKING(Cf. ↑asset backing) …   Financial and business terms

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