Question
Ziebart Corp.'s EBITDA last year was $470,000 ( = EBIT + depreciation + amortization), its interest charges were $6,500, it had to repay $30,000 of
Ziebart Corp.'s EBITDA last year was $470,000 ( = EBIT + depreciation + amortization), its interest charges were $6,500, it had to repay $30,000 of long-term debt, and it had to make a payment of $15,200 under a long-term lease. The firm had no amortization charges. What was the EBITDA coverage ratio?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Louis C. Gapenski
4th Edition
0030754828, 978-0030754821
