Asset Cover

Business, Legal & Accounting Glossary

Definition: Asset Cover


Asset Cover

Quick Summary of Asset Cover


The Asset Coverage Ratio measures the ability of a company to cover it’s debt obligations with it’s assets.




What is the dictionary definition of Asset Cover?

Dictionary Definition


A ratio that provides a measure of the solvency of a company; it consists of it’s net assets divided by it’s debt.

Companies with high asset cover are considered more solvent.


Full Definition of Asset Cover


The asset coverage ratio is a risk measurement that calculates a company’s ability to repay it’s debt obligations by selling it’s assets.


Cite Term


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https://payrollheaven.com/define/asset-cover/
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Asset Cover. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
September 26, 2023 https://payrollheaven.com/define/asset-cover/.
Chicago Manual of Style (CMS):
Asset Cover. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/asset-cover/ (accessed: September 26, 2023).
American Psychological Association (APA):
Asset Cover. PayrollHeaven.com. Retrieved September 26, 2023
, from PayrollHeaven.com website: https://payrollheaven.com/define/asset-cover/

Definition Sources


Definitions for Asset Cover are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 5th May, 2019 | 0 Views.