Suncor Energy Inc. reported the following selected information (in millions):

Instructions
(a) Calculate Suncor Energy's debt to total assets and interest coverage ratios for each year.
(b) Based on the ratios calculated in part (a), what conclusions can you make about Suncor's solvency?
TAKING IT FURTHER
Suncor Energy Inc. had total operating lease, rent, and other commitments that required annual payments of $600 million at the end of 2014. Explain the impact that an operating lease has on a company's solvency ratios. Does this information change any of your conclusions in part (b)?

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Total assets Total liabilities Interest expense Income tax expense Profit 2014 $79,671 38,068 1,429 1,891 2,699 $78,315 37,135 1,162 2,465 3,911