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Altern Energy

 0.90 (0.03%)

2021-01-27

Random Financial Term

Interest Coverage Ratio

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Income Statement

Interest Coverage Ratio = EBIT / Interest Expense

Both EBIT (aka, operating income) and interest expense are found on the income statement. The interest coverage ratio, also known as times interest earned (TIE), is a measure of how well a company can meet its interest payment obligations. If a company can't make enough to make interest payments, it will be forced into bankruptcy. Anything lower than 1.0 is usually a sign of trouble.

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