CFA Corp. has a debt-equity ratio that is lower than the industry average, but its cash coverage

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CFA Corp. has a debt-equity ratio that is lower than the industry average, but its cash coverage ratio is also lower than the industry average. What might explain this seeming contradiction?

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Question Posted: Jun 30, 2016 09:09 AM

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CFA Corp. has a debt-equity ratio that is lower than the industry average, but its cash coverage

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Fundamentals of Corporate Finance

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