What are the recommendations for the WACC and all the ratios and Economic Value added as per the above calculations.

Year	2018	2019	2020
EV in %	93.43	73.82	98.09
RE in %	3.63	13.31	23.39
DV in %	6.57	26.18	1.91
RD in %	2.97	3.95	3.74
(1- Effective Rate) in %	100	100	100
WACC in %	3.59	10.86	23.01

2018 (in thousands)

 

Total equity=$1,185,418    Total debt=$1,419,736   Total assets=$2,740,536   

Interest expenses=$17,983    EBIT=$1,398,726

 

Debt to Equity Ratio=1,185,418/1,419,736=83.5%

Equity Ratio=1,185,418/2,740,536=43.25%

Debt Ratio=1,419,736/2,740,536=51.8%

Interest coverage ratio=1,398,726/17,983=77.78

 

2019 (in thousands)

 

Total equity=-$692,610  Total debt=$2,392,147   Total assets=$2,094,577

Interest expenses=$53,224    EBIT=$1,621,385

 

Debt to Equity Ratio=-692,610/2,392,147=-28.95%

Equity Ratio=-692,610/2,094,577=-33.07%

Debt Ratio=2,392,147/2,094,577=114.2%

Interest coverage ratio=1,621,385/53,224=30.46

 

2020 (in thousands)

 

Total equity=$4,883,103   Total debt=$3,052,034   Total assets=$8,374,234

Interest expenses=$65,290    EBIT=$811,912

 

 Debt to Equity Ratio=4,883,103/3,052,034=159.9%

Equity Ratio=4,883,103/8,374,234=58.31%

Debt Ratio=3,052,034/8,374,234=36.45%

Interest coverage ratio=811,912/65,290=12.44

 

NIO	2018 (See A-G )	2019 (See A-H)	2020 (See A-G)
ROIC (%)	-84.06	-191.42	-11.12
-WACC (%)	3.59	10.86	23.01
=EVA (%)	-87.65	-202.28	-34.13

What are the recommendations for the WACC and all the ratios and Economic Value added as per the above calculations.