14 May I continue to look after a very good harmony piece with low leverage and you can $159 mil inside the financing losings reserves
Webpage a dozen 's the reminder in our good capital reputation. Our 4th-quarter financed financial obligation-to-equity proportion remained at a conservative step 3.9:1. By December 29, we'd $557 million from bare capability on the borrowing from the bank establishment and you can $210 mil out of offered exchangeability, including open-ended dollars and you can quick availability to attract down our credit establishment.
The fixed rate personal debt as the a portion regarding complete debt try 78% that have a beneficial adjusted mediocre discount off dos.7% and you can the average revolving lifetime of step three.1 years. All of our productive tax speed during the next quarter is actually 18% versus 23% from the earlier in the day 12 months several months, primarily on account of taxation benefits from show-founded awards.