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An analyst gathered the following information regarding three companies, Alpha, Beta, and Gamma: $ 000 Alpha Beta Gamma Cash 1,215 3,260 2,458 Interest expense 625
An analyst gathered the following information regarding three companies, Alpha, Beta, and Gamma:
$ 000 | Alpha | Beta | Gamma |
Cash | 1,215 | 3,260 | 2,458 |
Interest expense | 625 | 1,560 | 1,155 |
EBITDA | 1,325 | 2,805 | 1,815 |
Secured debt (bank loan and bonds) | 3,920 | 3,340 | 2,360 |
Senior unsecured bonds | 1,105 | 3,125 | 1,625 |
Subordinated bonds | 150 | 450 | 3,625 |
Total debt | 5,175 | 6,915 | 7,610 |
Which company has the highest senior unsecured leverage?
Group of answer choices
Beta
Gamma
Alpha
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