medium · Corporate Credit Analysis
An oil services firm experiences a cyclical downturn, with EBITDA falling to $100 million. It cutscapexto a minimum of $40 million and pays $5 million in cash taxes. Fixed charges include $25 million in interest, $10 million in amortization, and $10 million in rent.
What is the FCCR?
- 1.83x
- 1.22x
- 1.57x
- 1.33x
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