Go to www.dbrs.com and find the bond rating of BCE (BCE) and Agrium (AGU). Which has the
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Go to www.dbrs.com and find the bond rating of BCE (BCE) and Agrium (AGU). Which has the higher bond rating (that is, DBRS Issuer Credit Rating)? Then go to finance.yahoo.com to learn about the main business activities of each of these companies. Compare their ability to pay their interest obligations by calculating the ratio of EBIT to interest payments. The higher this "times interest earned" ratio, the greater a company's ability to make its interest payments. Also, calculate both companies' indebtedness, as measured by the ratio of debt to equity. The higher the times interest earned and the lower the indebtedness, the more likely a company will be able to make its debt payments. Are the debt ratings consistent with the calculated ratios?
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