For the most recent financial year 2019, TLS reported operating lease expenses of $1,349 million, operating income (EBIT) of $3,702 million, and interest bearing debt of $15 billion The following table shows its future lease payments Year Future Lease Payments in $m 1 947 2 360 3 370 4 375 5 350 5 ...

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For the most recent financial year 2019, TLS reported operating lease expenses of $1,349 million, operating income

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For the most recent financial year 2019, TLS reported operating lease expenses of $1,349 million, operating income (EBIT) of $3,702 million, and interest-bearing debt of $15 billion. The following table shows its future lease payments.

Year Future Lease Payments in $m

1 947

2 360

3 370

4 375

5. 350

5-10 278.8 per year

Assume the company's pre-tax cost of debt is 5.8%, and the effective tax rate is 30%.

(i) What is the total debt of the company after reclassifying

operating leases as debt?

Posted Date: May 19, 2024 10:07 AM

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For the most recent financial year 2019, TLS reported operating lease expenses of $1,349 million, operating income

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