Current Attempt in Progress The following financial information relates to Cullumber Ltd. (amounts in thousands): 2022 2023 2024 Income before depreciation, amortization, $7,128 $6,650 $5,992 interest, and taxes Interest expense 360 350 280 Cash 210 290 290 Current liabilities (does not include any debt) 1,110 1,920 2,680 Bank loan payable (all long-term) 5,500 6,060 5,260 Shareholders' equity 6,200 6,400 7,260 (a) Calculate the debt to equity, debt as a percentage of total capitalization, and interest coverage ratios. (Round answers to 1 decimal place, e.g. 18.4 or 15.3%.) Debt to equity ratio 2022 % 2023 2024 % % do Net debt as a percentage of total capitalization Interest coverage % % do %
Current Attempt in Progress The following financial information relates to Cullumber Ltd. (amounts in thousands): 2022 2023 2024 Income before depreciation, amortization, $7,128 $6,650 $5,992 interest, and taxes Interest expense 360 350 280 Cash 210 290 290 Current liabilities (does not include any debt) 1,110 1,920 2,680 Bank loan payable (all long-term) 5,500 6,060 5,260 Shareholders' equity 6,200 6,400 7,260 (a) Calculate the debt to equity, debt as a percentage of total capitalization, and interest coverage ratios. (Round answers to 1 decimal place, e.g. 18.4 or 15.3%.) Debt to equity ratio 2022 % 2023 2024 % % do Net debt as a percentage of total capitalization Interest coverage % % do %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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