Question
Ziebart Corp.'s EBITDA last year was $365,000 ( = EBIT + depreciation + amortization), its interest charges were $9,500, it had to repay $26,000 of
Ziebart Corp.'s EBITDA last year was $365,000 ( = EBIT + depreciation + amortization), its interest charges were $9,500, it had to repay $26,000 of long-term debt, and it had to make a payment of $17,400 under a long-term lease. The firm had no amortization charges. What was the EBITDA coverage ratio?
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Analysis For Financial Management
Authors: Robert C. Higgins
10th International Edition
007108648X, 9780071086486
