Staying well below the covenant limit provides financial cushion, while approaching the limit restricts future borrowing capacity.
A financial ratio mandated by debt agreements that limits the company's total debt relative to its total capitalization....
Regulated utilities operate under similar regulatory and lender-imposed leverage constraints, making this a standard benchmark for credit quality.
other_ratio_of_indebtedness_to_capitalization_covenant| Q4 '21 | |
|---|---|
| Value | 0.7 |