medium · Corporate Credit Analysis
A company has $1.0 billion in EBITDA and $5.0 billion in total debt. However, it also has $2.0 billion in operating lease liabilities (not on the balance sheet) and500 million in pension underfunding.
What is the analyst's 'Adjusted Leverage' ratio?
- 5.0x
- 7.5x
- 5.5x
- 7.0x
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