give me the answers and explanation !
Homework Answers
Answer:-
a. Mydeco increased its debt from $500.2 millions in 2015 to $600.2millions in 2019, i. e it increased by $100.2 millions
b. The Interest covergae ratio in 2015 was 2.36
The Interest coverage ratio in 2019 was 2.91
Yes Mydeco coverage ratio fall below 2. in 2016 where itwas 1.91
c. Overall Mydeco's ability to meet its interest payments improved this period, although it experienced a slight dip in 2016
Working Notes:-
| Particulars | 2015 | 2016 | 2017 | 2018 | 2019 | |
| EBIT | A | 51.10 | 38.40 | 42.10 | 54.70 | 75.20 |
| Depreciation | B | 29.00 | 25.70 | 35.00 | 39.90 | 37.60 |
| EBITDA | C =A+B | 80.10 | 64.10 | 77.10 | 94.60 | 112.80 |
| Interest Income | D | 34.00 | 33.60 | 34.10 | 38.60 | 38.80 |
| Coverage Ratio | C/D | 2.36 | 1.91 | 2.26 | 2.45 | 2.91 |
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give me the answers and explanation !
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