medium · Private Credit & Debt underwriting-credit-analysis
A borrower has $40,000,000 in EBITDA,6,000,000 in Capital Expenditures, and $8,000,000 in Cash Taxes. The debt service includes $10,000,000 in Cash Interest and $4,000,000 in Scheduled Principal Amortization.
What is the Fixed Charge Coverage Ratio (FCCR)?
- 2.86x
- 2.50x
- 1.86x
- 1.40x
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