Intangible assets are things like contractual rights.
They're not physical assets.
They're not property, plant, equipment.
So essentially we're trying to get a measure of things like property, plant,
equipment, accounts receivable inventory and we're trying to get a measure of that
because those are the kind of assets that can be collateralized.
In other words you can borrow the money with those assets as collateral,
whereas intangible assets are harder to collateralize.
So it's the borrowing capacity that the company has based on its
collateralizable assets, if collateralizable is the word.
So here are the long-term debt ratios for Plainview.
Let me go ahead and put up the pause sign, and you can take a look.