TISI » Topics » ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

This excerpt taken from the TISI 10-K filed Aug 15, 2005.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

The Company holds certain floating-rate obligations. The Company is exposed to market risk, primarily related to potential increases in interest rates related to the Company’s debt.

 

The carrying amounts for cash and cash equivalents, accounts receivable, note payable and accrued liabilities shown in the consolidated balance sheets approximate fair value at May 31, 2005.

 

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This excerpt taken from the TISI 10-K filed Apr 14, 2005.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

The Company has a credit facility, which subjects the Company to the risk of loss associated with movements in market interest rates. At May 31, 2004, the Company has floating-rate obligations totaling $18.6 million outstanding under its credit facility (see Note 6 to the Company’s Consolidated Financial Statements). A 1% increase in interest rates could result in an annual increase in interest expense of $186,000.

 

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EXCERPTS ON THIS PAGE:

10-K
Aug 15, 2005
10-K
Apr 14, 2005
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