medium · Corporate Credit Analysis
A utility company has EBITDA of $1,500 million, maintenance capex of $600 million, and cash taxes of $200 million. Interest expense is $350 million, mandatory amortization is $50 million, and rent is $25 million. Compute the FCCR.
- 2.12x
- 1.65x
- 1.87x
- 2.00x
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