Bombardier Inc. reported the following selected solvency ratios: 2010 2009 Debt to total assets.....................82.6%..........88.1% Cash total debt

Question:

Bombardier Inc. reported the following selected ratios:
2010 2009
Debt to total assets.....................82.6%..........88.1%
Cash total debt coverage...........0.7 times.......0.9 times
Based on the above, has Bombardier's improved or deteriorated? Explain.
Solvency
Solvency means the ability of a business to fulfill its non-current financial liabilities. Often you have heard that the company X went insolvent, this means that the company X is no longer able to settle its noncurrent financial...