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( Debt to equity, debt as a percentage of total capitalization, and interest coverage ) The following financial information relates to Artscan Enterprises Inc. (

(Debt to equity, debt as a percentage of total capitalization, and interest coverage)
The following financial information relates to Artscan Enterprises Inc. (amounts in thousands):
2018
2019
2020
Income before depreciation, amortization, interest, and taxes
$1,750
$2,722
$2,993
Interest expense
157
316
441
Cash
53
118
227
Current liabilities (does not include any debt)
631
733
1,169
Bank loan payable (all long-term)
2,120
3,820
4,470
Shareholders' equity
4,605.
5,560
6,695
(a) Calculate the debt to equity, net debt as a percentage of total capitalization, and interest coverage ratios.
2018
2019
2020
%
%
%
%
%
%
times
times
times
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