A measure of a company’s ability to pay interest on its debts (operating income divided by interest expenses).
Archives
Issue
Any of a company’s securities or the act of distributing the securities. Issued shares refer to the portion of a company’s shares that have been issued for sale. A company does not have to issue the total number of its authorized shares.
Free Cash Flow
Operating cash flow minus amounts spent on plants and equipment and minus dividends.
Floating Rate Security
A security whose interest rate or dividend changes with specified market indicators. A floating rate is one that is based on an administered rate, such as a prime rate.
Growth Stocks
Companies with consistent annual earnings and sales growth of at least 15%.
Insider Ownership
number of shares owned or controlled by insiders.
Income Statement
A record of a company’s sales and expenses over a particular year or quarter.
Freeze
An interruption in trading on a stock, triggered when an order violates parameters set by TSX.
Insider Trading
This is trading in the shares of an entity by its directors and officers. These individuals are required to disclose their trades before they happen, and several services provide this information to investors. It is useful, though not an absolute indicator as to a stock?s potential movement, to know if insiders are selling or buying shares of the company they run.
Guaranteed Investment Certificate (GIC)
A deposit instrument most commonly available from trust companies or banks requiring a minimum investment at a predetermined rate of interest for a stated term, such as one or five years. GICs are generally non-redeemable and non-transferable before maturity.