medium · Corporate Credit Analysis
BlueSky Airlines reports a total gross debt of $650M and an EBITDA of $280M. The company pays $180M in annual aircraft rent.
Using an 8x multiplier for lease capitalization, what is the lease-adjusted debt/EBITDA ratio for BlueSky Airlines?
- 2.32x
- 4.54x
- 1.80x
- 7.46x
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