medium · Debt Capital Markets credit-ratings-risk
A company has Total Debt of $1,500 million and EBITDA of $400 million. It pays $90 million in annual rent and has a $150 million net pension deficit.
Using an 8 × lease capitalization multiple, what is its fully adjusted leverage?
- 4.13x
- 3.41x
- 4.84x
- 3.75x
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