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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 $1.755 $2,437 342 Income before depreciation, amortization, interest, and taxes Interest expense Cash Current liabilities (does not include any debt) Bank loan payable (all long-term) Shareholders' equity 158 50 632 110 $3,037 449 228 1,119 4,450 6,704 747 2.170 4,340 5,590 4.115 (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%.) Net debt as a percentage of total capitalization Debt to equity ratio Interest coverage 2018 68.1 % 40.5 % 11.1 times 2019 91.0 % 47.6 % 7.1 times 2020 83.1 % 45.4 % 6.8 times
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