Debt fiance Flashcards
1
Q
how calculate gearing?
A
(long term debt/equity) x 100%
2
Q
what must companies file their accounts?
A
private companies- 9 months after the relevant accounting period.
Public companies= 6 months after end of the relevant accounting reference period.
3
Q
what is the effect of a fixed charge?
A
company is restricted from upgrading, selling or further changing the fixed charged asses without the institution’s consent.