Question: For calculating TIE ratio (EBIT/Interest expense) should we use EBIT after unusual expense, or (EBIT after unusual expense+unusual expense), snce only EBIT after unusual expense
For calculating TIE ratio (EBIT/Interest expense) should we use EBIT after unusual expense, or (EBIT after unusual expense+unusual expense), snce only EBIT after unusual expense is in the income statement ?
And how would EBITDA coverage ratio be calculated? ((EBITDA+Lease payments)/(Interest+Principal p.+Lease p.)
Income statement: http://www.marketwatch.com/investing/stock/bby/financials
Thank you.
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