easy · Investment Banking
A bank is evaluating a company's ability to service its debt. The company has EBITDA of $300 million, Capital Expenditures of $100 million, and Interest Expense of $50 million. Calculate the (EBITDA - Capex) / Interest coverage ratio.
- 4.0x
- 2.0x
- 6.0x
- 3.0x
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