Exhibit 7A: Standard and Poor's Three-Year Median Key Industrial Financial Ratios, 2000-2002 AAA AA A BBB...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Exhibit 7A: Standard and Poor's Three-Year Median Key Industrial Financial Ratios, 2000-2002 AAA AA A BBB BB B CCC EBIT interest coverage (x) 23.4 13.3 6.3 3.9 2.2 1.0 0.1 EBITDA interest coverage (x) 25.3 16.9 8.5 5.4 3.2 1.7 0.7 FFOtotal debt (%) 214.2 65.7 42.2 30.6 19.7 10.4 3.2 Free operating cash flow/total debt (%) 156.6 33.6 22.3 12.8 7.3 1.5 (2.8) Return on capital (%) 35.0 26.6 18.1 13.1 11.5 8.0 1.2 Operating income/sales (%) 23.4 24.0 18.1 15.5 15.4 14.7 8.8 Long-term debt/capital (%) (1.1) 21.1 33.8 40.3 53.6 72.6 78.3 Total debt capital (%) 5.0 35.9 42.6 47.0 57.7 75.1 91.7 Number of companies 6. 20 121 224 279 264 56 Average default rate, past 15 years" 0.52% 1.31% 2.32% 6.64% 19.52% 35.76% 54.38% Source Standard & Poor's *Based on the bonds ofginal ratings. Bond Rating Ratios 40% Proposal 80% Proposal EBIT Interest Coverage 22.5 11.3 EBITDA Interest Coverage 25.5 12.7 Debt-to-Total Capital 40% 80% Funds from Operations / Total Debt 72% 35% Exhibit 7A: Standard and Poor's Three-Year Median Key Industrial Financial Ratios, 2000-2002 AAA AA A BBB BB B CCC EBIT interest coverage (x) 23.4 13.3 6.3 3.9 2.2 1.0 0.1 EBITDA interest coverage (x) 25.3 16.9 8.5 5.4 3.2 1.7 0.7 FFOtotal debt (%) 214.2 65.7 42.2 30.6 19.7 10.4 3.2 Free operating cash flow/total debt (%) 156.6 33.6 22.3 12.8 7.3 1.5 (2.8) Return on capital (%) 35.0 26.6 18.1 13.1 11.5 8.0 1.2 Operating income/sales (%) 23.4 24.0 18.1 15.5 15.4 14.7 8.8 Long-term debt/capital (%) (1.1) 21.1 33.8 40.3 53.6 72.6 78.3 Total debt capital (%) 5.0 35.9 42.6 47.0 57.7 75.1 91.7 Number of companies 6. 20 121 224 279 264 56 Average default rate, past 15 years" 0.52% 1.31% 2.32% 6.64% 19.52% 35.76% 54.38% Source Standard & Poor's *Based on the bonds ofginal ratings. Bond Rating Ratios 40% Proposal 80% Proposal EBIT Interest Coverage 22.5 11.3 EBITDA Interest Coverage 25.5 12.7 Debt-to-Total Capital 40% 80% Funds from Operations / Total Debt 72% 35%
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
Venator fund has a 5% front load. The fund had 13.1% return over the last 5 years. What is the actual annual return for investor invested in the fund for 5 years?
-
What is a third-party payor, and how does the presence of such payors affect the financial accounting of a health care organization?
-
The following transactions occurred during the month of June 2016 for the Stridewel Corporation. The company owns and operates a retail shoe store. 1. Issued 100.000 shares of common stock in...
-
The major empirical model used in performance evaluation is: a. The general linear model b. Regression c. Analysis of variance d. Analysis of covariance
-
Buddie Corporation produces and sells baseball gloves. On July 1, 2012, Buddie Corporation issued $12,500,000 of 10-year, 14% bonds at a market (effective) interest rate of 12%, receiving cash of...
-
2. [4.5 points] A weight management program assigned 300 overweight and obese women of child-bearing age to either an exercise-based intervention or a control condition. The women were followed over...
-
A goal is something you want to achieve that is more broad, where as an objective is mores specific and is measurable (Jasper et al, 2013). An objective can be reached in a short amount of time, and...
-
a) How many sheg are there in 7.96 bruck? b) How many whid are there in 2.98 chab? c) How many bruck are there in 1.25 chab? d) How many sheg are there in 1.86 stot/whid? e) How many sheg/bruck are...
-
Latif Saeed, a shareholder in Falcon Cars Limited (FCL), recently obtained a certified copy of the company's investment register. This document revealed that FCL has invested in shares of various...
-
1. What is the use of having an organizational chart? Is there a standard organization chart to follow? Why/Why Not? 2. In checking employee references, how can you improve your chances of getting...
-
A car full of thieves is driving down the road, towards Superman, who stops the car with his arms. As the car comes to a stop, it pushes Superman along a few meters. The work done on the car by...
-
You own a stock whose expected return is 18%. The risk free return is 5% and the market risk premium is 11%. What is the beta of your stock?
-
There are 1000 marbles in a box. Their diameters are D = N ( 1, .25 ). You choose 100 marbles from the box and put them back. Many other people do the same. ( The person with the largest average...
-
Solve each equation or inequality. |6x8-4 = 0
Study smarter with the SolutionInn App