medium · Corporate Credit Analysis credit-metrics

A telecommunications incumbent has EBITDA of $2,000 million, capex of $600 million, and cash taxes of $400 million. Its interest expense is $500 million, amortization is $100 million, and rent (spectrum and land leases) is 150 million. Calculate the FCCR.

  1. 2.00x
  2. 1.33x
  3. 1.87x
  4. 1.67x

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