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Many banks had large sums of debt and no way to pay for it.
Smaller sums of debt have been reduced by other means, like portfolio swaps.
A similar ratio is debt-to-capital (D/C), where capital is the sum of debt and equity:
Many governments followed and paid off some of the former Communist debt (about 50% of the sum of debt capital and all cumulated interest rates to 2001).
Some Democrats see an answer in restrictive trade legislation, and some see one in curbing takeovers they view as producing large sums of debt without gains in productivity.
He was manager at the City Ground for two seasons, but had little success despite spending several million pounds on players who did not perform well and plunging the club into large sums of debt.
No i would not be opposed to some sort of sponsorship of Old Trafford, the vast sums of debt accumalated by the Glazers has to paid off sooner rather than later and if a corporate sponsor of the stadium can help then so be it.
The rule which has now been adopted in line with the proposed resolution is this: certain criteria must always be upheld, and above all, once a specific sum of debt write-off is involved, the Commission must make the decision as a collegiate body so that it is quite clear that a political responsibility is being assumed.