Debt Service Coverage Ratio is EBIT-Tax+depreciation divided by Interest + Principal + Dividends. State true or false.
True
False
True. Debt Service Coverage Ratio is EBIT-Tax+depreciation divided by Interest + Principal + Dividends.
From the following details, calculate interest coverage ratio: Net Profit after tax Rs. 60,000; 15% Long-term debt 10,00,000; and Tax rate 40%.