in e.g The company's CASH BALANCE got so bad that it has to loan from the bank.
2. Debt Ratio - is a financial ratio that indicates the percentage of a company's assets that are provided via debt.
in e.g a lower DEBT RATIO means lower dependency on borrowing money.
3. Conversely - reversed, contrary or opposite direction
in e.g During typhoons, there are less casualties in the countryside. CONVERSELY, the city is affected much.
4. Debt Ceiling - the maximum amount of debt/loan to borrow
in e.g President Barack Obama is demanding a $1.2 trillion DEBT CEILING extension.
Apple Richer Than the U.S. Government
Strange but true – the technology giant Apple now officially has more money than the U.S. government, and significantly less debt. America’s Treasury Department shows that the country has an operating cash balance of $73.7 billion while Apple’s most recent financial reports show a healthier bank balance of $76.4 billion. This incredible state of affairs has resulted in CNN to joke that the U.S. government should start selling iPads to help serve the American people. Or perhaps Apple CEO Steve Jobs could have become the president of the USA? Another financial difference between the world’s largest economy and the hugely successful Apple is its debt ratio. The U.S. government currently spends $200 billion a month more than it receives. Conversely, Apple takes in far more than it spends.
The U.S. government is in a severe financial crisis, which is having an impact on the world’s financial markets. It is desperately trying to avoid defaulting on its debt. President Barack Obama has tried for weeks to get the opposition Republican Party to agree to raise the country’s debt ceiling. He says America must do this and borrow more money to be able to pay its way at home and around the world. The country is in grave danger of running out of money. This would mean public workers getting no salaries and the country would struggle to meet its international financial commitments. Such a situation could see the dollar crash, leading to a possible second global financial crisis in five years. Obama told the Republicans, “to step up and show the leadership that the American people expect”.
link: http://www.breakingnewsenglish.com/1107/110730-us_debt.html
