June 1, 2019
June 2, 2018
Note payable at 6.20%, due in monthly principal installments of $250,000, plus interest, maturing in fiscal 2020
$1,500
$4,500
Note payable at 5.40%, due in monthly principal installments of $125,000, plus interest, matured in fiscal 2019
—
250
Capital lease obligations
1,054
1,340
2,554
6,090
Less: capitalized loan costs
217
—
Total debt
2,337
6,090
Less: current maturities
1,696
3,536
Long-term debt, less current maturities
$641
$2,554
8 .
credit facilities and long-term debt .
long-term debt consisted of the following -in thousands except interest rate and installment data : .
certain property plant and equipment is pledged as collateral on our note payable .
unless otherwise approved by our lender we are required by provisions of our loan agreement to -1 maintain minimum levels of working capital -ratio of not less than 1 .
25 to 1 and net worth -minimum of $ 90 .
0 million tangible net worth plus 45 % of cumulative net income ; -2 limit dividends paid in any given quarter to not exceed an amount equal to one third of the previous quarter ’ s consolidated net income -allowed if no events of default -3 maintain minimum total funded debt to total capitalization -debt to total tangible capitalization not to exceed 55 % ; and -4 maintain various current and cash-flow coverage ratios -1 .
25 to 1 among other restrictions .
our debt agreement requires fred r .
adams jr .
the company ’ s founder and chairman emeritus or his family to maintain ownership of company shares directly or indirectly representing not less than 50 % of the outstanding voting power of the company .
certain property plant and equipment is pledged as collateral on our note payable .
unless otherwise approved by our lender we are required by provisions of our loan agreement to -1 maintain minimum levels of working capital -ratio of not less than 1 .
25 to 1 and net worth -minimum of $ 90 .
0 million tangible net worth plus 45 % of cumulative net income ; -2 limit dividends paid in any given quarter to not exceed an amount equal to one third of the previous quarter ’ s consolidated net income -allowed if no events of default -3 maintain minimum total funded debt to total capitalization -debt to total tangible capitalization not to exceed 55 % ; and -4 maintain various current and cash-flow coverage ratios -1 .
25 to 1 among other restrictions .
our debt agreement requires fred r .
adams jr .
the company ’ s founder and chairman emeritus or his family to maintain ownership of company shares directly or indirectly representing not less than 50 % of the outstanding voting power of the company .
interest net of amount capitalized of $ 644000 $ 265000 and $ 318000 was recorded during fiscal 2019 2018 and 2017 respectively .
interest of zero $ 217000 and $ 1 .
1 million was capitalized for construction of certain facilities during fiscal 2019 2018 and 2017 respectively .
on july 10 2018 we entered into a $ 100 .
0 million senior secured revolving credit facility -the “ revolving credit facility ” with a five-year term .
the credit agreement for the revolving credit facility includes an accordion feature permitting the company with the consent of the administrative agent to increase the revolving commitments in the aggregate up to $ 125 .
0 million .
no amounts were borrowed under the facility as of june 1 2019 or during fiscal 2019 .
the company had $ 3 .
7 million of outstanding standby letters of credit issued under the revolving credit facility at june 1 2019 .
the interest rate is based at the company ’ s election on either the eurodollar rate plus the applicable margin or the base rate plus the applicable margin .
the “ eurodollar rate ” means the reserve adjusted rate at which eurodollar deposits in the london interbank market for an interest period of one two three six or twelve months -as selected by the company are quoted .
the “ base rate ” means a fluctuating rate per annum equal to the highest of -a the federal funds rate plus 0 .
50 % per annum -b the prime rate of interest established by the administrative agent and -c the table of contents 54 eurodollar rate for an interest period of one month plus 1 % per annum subject to certain interest rate floors .
the “ applicable margin ” means 0 .
00 % to 0 .
75 % per annum for base rate loans and 1 .
00 % to 1 .
75 % per annum for eurodollar rate loans in each case depending upon the average outstanding balance at the quarterly pricing date .
the company will pay a commitment fee of 0 .
20 % on the unused portion of the facility .
the revolving credit facility is guaranteed by all the current and future wholly-owned direct and indirect domestic subsidiaries of the company and is secured by a first-priority perfected security interest in substantially all of the company ’ s and the guarantors ’ accounts payment intangibles instruments -including promissory notes chattel paper inventory -including farm products and deposit accounts maintained with the administrative agent .
the credit agreement for the revolving credit facility contains customary covenants including restrictions on the incurrence of liens incurrence of additional debt sales of assets and other fundamental corporate changes and investments .
the credit agreement requires maintenance of two financial covenants -i a minimum working capital ratio of 2 .
00 to 1 .
00 and -ii an annual limit on capital expenditures of $ 100 .
0 million .
additionally the credit agreement requires that fred r .
adams jr .
his spouse natural children sons-in-law or grandchildren or any trust guardianship conservatorship or custodianship for the primary benefit of any of the foregoing or any family limited partnership similar limited liability company or other entity that 100 % of the voting control of such entity is held by any of the foregoing shall maintain at least 50 % of the company ’ s voting stock .
failure to satisfy any of these covenants will constitute a default under the terms of the credit agreement .
further dividends are restricted to the company ’ s current dividend policy of one-third of the company ’ s net income computed in accordance with generally accepted accounting principles .
the company is allowed to repurchase up to $ 75 .
0 million of its capital stock in any year provided there is no default under the credit agreement and the company has availability of at least $ 20 .
0 million under the facility .
the credit agreement for the revolving credit facility also includes customary events of default and customary remedies upon the occurrence of an event of default including acceleration of the amounts due and foreclosure of the collateral .
at june 1 2019 we were in compliance with the covenant requirements of all loan agreements .

Question: What are the financial covenants to be maintained as per the credit agreement?

Question: What are the conditions for repurchase of capital stock by the company?

Question: What was the company's financial covenants position in 2019?

Question: What is the increase / (decrease) in the total debt?

Question: What is the average current maturities?

Question: What is the Long-term debt, less current maturities average?