What was AMCs debt ratio on December 31, 2020, compared to December 31, 2019? Did the debt ratio improve or decline for AMC during 2020? Show the basis of your calculation of the debt ratios and summarize the challenges that AMC faced during 2020 that led to the change in AMCs debt ratio you calculated. 

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Year Ended December 31, (In millions, except operating data) 2020 2019 2018 2017 2016 Balance Sheet Data (at period end): Cash and cash equivalents 2$ 308.3 265.0 313.3 310.0 S 207.1 Corporate borrowings 5,715.8 4,753.4 4,723.0 4,235.3 3,761.0 Other long-term liabilities(8) 241.3 195.9 963.1 903.8 706.6 Capital and financing lease obligations 96.0 99.9 560.2 651.4 675.4 AMC Entertainment Holdings, Inc.'s stockholder's equity (deficit) (2,885.1) 1,214.2 1,397.6 2,112.4 2,009.7 Total assets 10,276.4 13,675.8 9,495.8 9,805.9 8,641.8 Other Data: Net cash provided by (used in) operating activities (1,129.5) S 579.0 523.2 537.4 431.7 Capital expenditures (173.8) (518.1) (576.3) (626.8) (421.7) Screen additions 63 85 89 96 17 Screen acquisitions 14 70 39 736 5,201 Screen dispositions 593 210 211 258 38 Construction openings (closures), net 18 5 5 37 (48) Average screens-continuing operations(9) 5,049 10,669 10,696 10,675 5,592 Number of screens operated 6,048 11,041 11,091 11,169 10,558 Number of theatres operated 503 1,004 1,006 1,014 906 Total number of circuit screens 10,543 11,041 11,091 11,169 10,558 Total number of circuit theatres 950 1,004 1,006 1,014 906 Screens per theatre 11.1 11.0 11.0 11.0 11.7 Attendance (in thousands)-continuing operations(9) 75,190 356,443 358,901 346,763 215,145 Year Ended December 31, (In millions, except operating data) 2020 2019 2018 2017 2016 Balance Sheet Data (at period end): Cash and cash equivalents 2$ 308.3 265.0 313.3 310.0 S 207.1 Corporate borrowings 5,715.8 4,753.4 4,723.0 4,235.3 3,761.0 Other long-term liabilities(8) 241.3 195.9 963.1 903.8 706.6 Capital and financing lease obligations 96.0 99.9 560.2 651.4 675.4 AMC Entertainment Holdings, Inc.'s stockholder's equity (deficit) (2,885.1) 1,214.2 1,397.6 2,112.4 2,009.7 Total assets 10,276.4 13,675.8 9,495.8 9,805.9 8,641.8 Other Data: Net cash provided by (used in) operating activities (1,129.5) S 579.0 523.2 537.4 431.7 Capital expenditures (173.8) (518.1) (576.3) (626.8) (421.7) Screen additions 63 85 89 96 17 Screen acquisitions 14 70 39 736 5,201 Screen dispositions 593 210 211 258 38 Construction openings (closures), net 18 5 5 37 (48) Average screens-continuing operations(9) 5,049 10,669 10,696 10,675 5,592 Number of screens operated 6,048 11,041 11,091 11,169 10,558 Number of theatres operated 503 1,004 1,006 1,014 906 Total number of circuit screens 10,543 11,041 11,091 11,169 10,558 Total number of circuit theatres 950 1,004 1,006 1,014 906 Screens per theatre 11.1 11.0 11.0 11.0 11.7 Attendance (in thousands)-continuing operations(9) 75,190 356,443 358,901 346,763 215,145

Answer rating: 100% (QA)

Computation od Debt Ratio Debt Ratio has not been improved du... View the full answer