In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).
The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include inventory, while fixed assets include such items as buildings and equipment.
In information security, computer security and network security an Asset is any data, device, or other component of the environment that supports information-related activities. Assets generally include hardware (e.g. servers and switches), software (e.g. mission critical applications and support systems) and confidential information. Assets should be protected from illicit access, use, disclosure, alteration, destruction, and/or theft, resulting in loss to the organization.
When performing risk analysis it is important to weigh how much to spend protecting each asset against the cost of losing the asset. It is also important to take into account the chance of each loss occurring. Intangible costs must also be factored in. If a hacker makes a copy of all a company's credit card numbers it does not cost them anything directly but the loss in fines and reputation can be enormous.
Tongaat has reduced its debt from R11.35bn to R6.5bn since 2020 through asset sales, cutting costs and improving operations and restructuring ... He said the board did not believe shareholders would benefit from a break-up of the group’s core assets, something that might have occurred had the resolution to hold the rights issue not succeeded.
Berkery's practice focuses on asset backed securitizations (ABS), airline and aircraft lessor restructurings, secured and unsecured lending, aircraft portfolio sales, industry-specific joint ventures and mergers and acquisitions.
The central SOEs have taken a series of measures to promote strategic restructuring and business integration last year, Weng Jieming, vice-chairman of the State-owned Assets Supervision and AdministrationCommission of the State Council, said during a meeting on Monday.
They are aiming to sign an agreement in the next few weeks and the assets could be valued at about US$1.5 billion, the people said ... The China assets sale is part of Citigroup chief executive officer Jane Fraser’s business restructuring that has sought to dispose of retail banking operations in 13 countries across Asia and Europe.
They are aiming to sign an agreement in the coming weeks and the assets could be valued at about $1.5 billion, the people said ... The China asset sale is part of CitigroupChief Executive OfficerJane Fraser’s business restructuring that has sought to dispose of retail banking operations in 13 countries across Asia and Europe.
Adjusted Efficiency Ratio - The adjusted efficiency ratio is non-GAAP in that it excludes securities gains (losses), amortization of intangible assets, merger-related and restructuring charges, and other selected items ... restructuring charges and other selected items, net of tax.
... expenses, including related restructuring costs, spin-off related expenses, amortization of intangible assets, share-based compensation and gain on divestitures and related transaction costs.Free cash flow, which is cash flows from operating activities less capital expenditures.
Those remedial measures could include a potential corporate reorganization, restructuring or bankruptcy filing involving all or a portion of our business, asset sales or other divestitures, cost-saving initiatives, corporate realignments or strategic partnerships.
With three successive waves of Covid, the impact on unsecured small ticket loans segments (such as MFIs, personal loans, SME loans) is higher than other asset (secured) classes ...The third wave is posing a risk to asset quality of banks, especially the restructured loan book, says credit rating agency ICRA.
Asset quality, however, remains robust, said analysts, who added that HDFCBank's lower asset quality vulnerability than its peers, even in Covid-times, bears testament to its risk selection and capital productivity consciousness ... Asset quality ratios have improved while the restructured book too moderated to 1.4 per cent of loans, it pointed out.
The country’s largest private bank reported an 18% year-on year (Y-o-Y) rise in its October-December net profit to Rs 10,342.2 crore – primarily backed by stable asset quality and a healthy rise in the net interest income (NII) ... “Asset quality ratios have improved, while the restructured book too moderated to ~1.4% of loans.
CSRC proposed new rules for funds with more than $31.49 billion of assets and 50 million investors, imposing limits aimed at reducing risk ... · Ant Group’s Consumer Finance Restructuring Hits Speedbump as StateFirm Decides It Won’t Invest. Cinda Asset Management has pulled out of its planned $944 million investment into a unit of the fintech giant ... .