Question
Answer the following question: A russian firm with a market cap of $6 billion had a OI of $860 million and interest expense of $235
Answer the following question: A russian firm with a market cap of $6 billion had a OI of $860 million and interest expense of $235 million in 2019. Russian dollar-denominated government bond had a default spread of 2%. The U.S Treasury bond rate was 1.92%. What is the interest coverage ratio? Answer is 3.66
Use Interest Coverage Ratio = EBIT / Interest Expense
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Personal Finance
Authors: Jack Kapoor
13th Edition
1260799735, 9781260799736
