Question
Calculate the times interest earned ratio from 2015 to 2018 and interpret them. ASX Code Item 06/15 06/16 06/17 06/18 TLS Operating Revenue 25,845,000,000.00 25,834,000,000.00 25,912,0...
Calculate the times interest earned ratio from 2015 to 2018 and interpret them.
| ASX Code | Item | 06/15 | 06/16 | 06/17 | 06/18 |
| TLS | Operating Revenue | 25,845,000,000.00 | 25,834,000,000.00 | 25,912,000,000.00 | 25,667,000,000.00 |
| TLS | Other Revenue | 762,000,000.00 | 1,216,000,000.00 | 2,293,000,000.00 | 3,375,000,000.00 |
| TLS | Total Revenue Excluding Interest | 26,607,000,000.00 | 27,050,000,000.00 | 28,205,000,000.00 | 29,042,000,000.00 |
| TLS | Operating Expenses | -15,845,000,000.00 | -16,103,000,000.00 | -17,231,000,000.00 | -18,754,000,000.00 |
| TLS | EBITDA | 10,762,000,000.00 | 10,947,000,000.00 | 10,974,000,000.00 | 10,288,000,000.00 |
| TLS | Depreciation | -2,922,000,000.00 | -2,957,000,000.00 | -3,058,000,000.00 | -3,005,000,000.00 |
| TLS | Amortisation | -1,061,000,000.00 | -1,198,000,000.00 | -1,383,000,000.00 | -1,465,000,000.00 |
| TLS | Depreciation and Amortisation | -3,983,000,000.00 | -4,155,000,000.00 | -4,441,000,000.00 | -4,470,000,000.00 |
| TLS | EBIT | 6,779,000,000.00 | 6,792,000,000.00 | 6,533,000,000.00 | 5,818,000,000.00 |
| TLS | Interest Revenue | 157,000,000.00 | 86,000,000.00 | 138,000,000.00 | 82,000,000.00 |
| TLS | Interest Expense | -846,000,000.00 | -796,000,000.00 | -729,000,000.00 | -631,000,000.00 |
| TLS | Net Interest Expense | -689,000,000.00 | -710,000,000.00 | -591,000,000.00 | -549,000,000.00 |
| TLS | PreTax Profit | 6,090,000,000.00 | 6,082,000,000.00 | 5,942,000,000.00 | 5,269,000,000.00 |
| TLS | Tax Expense | -1,787,000,000.00 | -1,768,000,000.00 | -1,910,000,000.00 | -1,573,000,000.00 |
| TLS | Net Profit after Tax Before Abnormals | 4,303,000,000.00 | 4,314,000,000.00 | 4,032,000,000.00 | 3,696,000,000.00 |
| TLS | Abnormals | -17,000,000.00 | -482,000,000.00 | -295,000,000.00 | -167,000,000.00 |
| TLS | Abnormals Tax | 0.00 | 0.00 | 137,000,000.00 | 0.00 |
| TLS | Net Abnormals | -17,000,000.00 | -482,000,000.00 | -158,000,000.00 | -167,000,000.00 |
| TLS | Reported NPAT After Abnormals | 4,305,000,000.00 | 5,849,000,000.00 | 3,874,000,000.00 | 3,529,000,000.00 |
| TLS | Outside Equity Interests | -74,000,000.00 | -69,000,000.00 | 17,000,000.00 | 34,000,000.00 |
| TLS | Shares Outstanding at Period End | 12,225,655,836.00 | 12,225,655,836.00 | 11,893,297,855.00 | 11,893,297,855.00 |
| TLS | Weighted Average Number of Shares | 12,264,000,000.00 | 12,202,000,000.00 | 11,968,000,000.00 | 11,877,000,000.00 |
| TLS | EPS Adjusted (cents/share) | 34.48 | 34.75 | 33.83 | 31.41 |
| TLS | EPS After Abnormals (cents/share) | 34.50 | 47.32 | 32.51 | 30.00 |
Homework Answers
Answer #1
C. June 2015 1 ASX Code Item June 2016 June 2017 June 2018 Operating Revenue Other Revenue Total Revenue Excluding Interest 25,667,000,000.00 3,375,000,000.00 29,042,000,000.00 15.845.000.000.00)(16.103.000,000.00)(17.231.000.000.00(18.754.000.000.00) 10,288,000,000.00 An.cnx).)KA).n.n 1,216,000,000.00 27,050,000,000.00 25,845,000,000.00 762,000,000.00 26,607,000,000.00 25,834,000,000.00 25,912,000,000.00 2,293,000,000.00 28,205,000,000.00 EBITDA 10,762,000,000.00 10,947,000,000.00 10,974,000,000.00 6i 2,922,000,000.00)(2,9 (,0,,Noo.N(1,199%,00, Depreciation 1,0,(1NN).0) Depeciation and Amortisation (3,盟(XX),(XX).MI) 6,779,000,000.00 157,000,000.00 (846.000,000.00 689,000,000.00 6,090,000,000.00 (4,155,(XX),(XX).00) 6,792,000,000.00 86,000,000.00 (796,000,000.00) 710,000,000.00 6,082,000,000.00 (4,441,(XX),(XX).(W) (4,4 ),(XX),(XX)-00) 6,533,000,000.00 138,000,000.00 (729.000,000.00 591,000,000.00 5,942,000,000.00 5,818,000,000.00 82,000,000.00 (631,000,000.00) 549,000,000.00 5,269,000,000.00 Interest Revenue Interest Expense Net Interest Expens Net Profit after Tax Before Abnormals Abnormals Abnormals Tax Net Abnormals Reported NPAT After Abnormals 4,303,000,000.00 17,000,000.00 4,314,000,000.00 (482,000,000.00) 4,032,000,000.00 3,696,000,000.00 (167,000,000.00) 137,000,000.00 (167,000,000.00 3,529,000,000.00 34,000,000.00 11,893,297,855.00 11,85((·(XX),(XX).CM) (482,000,000.00) 5,849,000,000.00 (69.000.000.00) 12,225,655,836.00 12202,(XX),(XX).00 4,305,000,000.00 3,874,000,000.00 17,000,000.00 11,893,297,855.00 11驥粥,(XX),(XX).00 12,225,655,836.00 17,XA,(XX),(XX).00 Shares Outstanding at Period End Weighted Average Number of Shares EPS Adjusted (cents/share EPS After Abnormals (cents/share) 34 TLS 26 Interest Earned Ratio - EBITDA/Net Interest Expense In all the four years, the company has very high interest earned ratio indicating that the Company will not default in its interest payment and have eligibility to borrow more Interpretation
1 ASX Code 25845000000 762000000 26607000000 15845000000 10762000000 2922000000 1061000000 3983000000 6779000000 157000000 -846000000 25834000000 1216000000 27050000000 16103000000 10947000000 2957000000 1198000000 4155000000 6792000000 86000000 796000000 710000000 6082000000 1768000000 4314000000 -482000000 25912000000 2293000000 28205000000 17231000000 10974000000 3058000000 1383000000 4441000000 6533000000 138000000 729000000 591000000 5942000000 1910000000 4032000000 295000000 137000000 158000000 3874000000 17000000 11893297855 1968000000 25667000000 3375000000 29042000000 18754000000 10288000000 3005000000 1465000000 4470000000 5818000000 82000000 -631000000 Operating Revenue Other Revenue Total Revenue xcluding Interest in Depreciation and Amortisation Interest Revenue Interest Expense Net Interest Exp 6090000000 1787000000 4303000000 17000000 5269000000 1573000000 3696000000 167000000 ах Net Profit after Tax Before Abnormals Abnormals 17000000 4305000000 74000000 12225655836 12264000000 -482000000 5849000000 -69000000 12225655836 12202000000 Net Abnormals Reported NPAT After Abnormals 167000000 3529000000 34000000 11893297855 11877000000 Shares Outstanding at Period End Weighted Average Number of Shares EPS Adjusted (cents/share EPS After Abnormals (cents/share) 2б Interest Earned Ratio = EBITDA/Net Interest Expense --(C6/C13) In all the four years, the company has very high interest earned ratio indicating that the Company will not default in its interest payment and have eligibility to borrow more Interpretation
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Calculate the times interest earned ratio from 2015 to 2018 and interpret them. ASX Code Item 06/15 06/16 06/17 06/18 TLS Operating Revenue 25,845,000,000.00 25,834,000,000.00 25,912,0...
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