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Help please (Debt to equity, debt as a percentage of total capitalization, and interest coverage) The following financial information relates to Artscan Enterprises Inc. (amounts
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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): 2018 2019 2020 $1,529 $2,447 335 $3,196 479 151 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 45 112 226 647 726 1,282 4,140 1,980 3,670 5,940 4,509 7,027 (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 0.6 % 0.4 % 10.2 times 2019 0.7 % 0.6 % 6.9 times 2020 0.8 % 0.6 % 5.5 timesStep by Step Solution
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