asset coverage noun [U]

(Accounting )

a measure of how easily a company can pay its debts, calculated by dividing the total value of the company's assets by its debts:

a company with limited net asset coverage

• fire insurance
• firepower
• fire safety officer
• fire sale
• firewall
• firing line
• firm
• firmware
• first class
• first-generation
• first half
• first in, first out
• first-line manager
• first mover
• first order of business
• first refusal
• first-round financing
• first section
• first tier
• first-tier supplier
• first-time
• fiscal
• fiscal drag
• fiscal policy
• fiscal year