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Just over half of these firms had ratios of net debt to gross operating profits (or "EBITDA") of over three times last financial year, and/or have net debts in excess of their current market value, two rules of thumb to identify knackered balance-sheets.
The 29 economically most advanced countries, including the U.S., Japan and Germany, have average ratios of net government debt to GDP of 70% and will expand 2.3% this year, the International Monetary Fund says.
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The ratios of NET-EN DMPA issued from the 4 depots were calculated based oNET-EN DMPAr than on number of vissuedssued.
In the United States, the ratio of net debt-to-G.D.P. is seventy-three per cent.
Its ratio of net debt to adjusted Ebitda shrank to 4.5 from 6.6.
And at midyear, its ratio of net debt to net assets plus net debt stood at just 6 percent.
After a doubling of national debt in the early 1990s the ratio of net debt to national income had, by 1997, risen to 44perr cent.
For comparison, the structural deficit in the United States is roughly three per cent of G.D.P., and the ratio of net debt to G.D.P. is about eighty per cent.
In 2007, Blyth reminds us, the ratio of net public debt to G.D.P. was just twelve per cent in Ireland and twenty-six per cent in Spain.
The company stressed that its self-imposed £100m-a-year acquisition limit – introduced following the takeover of research firm TNS in October 2008 to get the ratio of net debt to earnings before interest, tax, depreciation and amortisation below two – has expired.
The company's gearing – the ratio of net debt to earnings before interest, tax, depreciation and amortisation – has jumped from 1.72 times in the first half of last year to 3.4 times.
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