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You are undertaking ratio analysis and determine that the interest cover ratio for an organisation has increased from 2.3 times (in 2020) to 6.6 times

You are undertaking ratio analysis and determine that the interest cover ratio for an organisation has increased from 2.3 times (in 2020) to 6.6 times (in 2021).

Generally speaking, would this be considered a good or a bad sign? In your own words explain the reasoning behind your answer.

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