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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. (amounts in thousands):
(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. (Round answers to 1 decimal place, e.g. 18.4 or 15.3%.)
Debt to equity ratio | Net debt as a percentage of total capitalization | Interest coverage | ||||
---|---|---|---|---|---|---|
2018 | Enter percentages. % | Enter percentages. % | Enter a number of times. times | |||
2019 | Enter percentages. % | Enter percentages. % | Enter a number of times. times | |||
2020 | Enter percentages. % | Enter percentages. % | Enter a number of times. times |
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