紫同學(xué)
2018-03-28 09:4911. Based on the information provided in Exhibit 1, the EBITDA interest coverage ratio of Adidas AG is closest to: A. 7.91x. B. 10.12x. C. 12.99x. Adidas AG Excerpt from Consolidated Income Statement Year Ending 31 December 2010 (€ in millions)?Exhibit 1. Gross profit 5,730 Royalty and commission income 100 Other operating income 110 Other operating expenses 5,046 Operating profit 894 Interest income 25 Interest expense 113 Income before taxes 806 Income taxes 238 Net income 568 Additional information: Depreciation and amortization: €249 million Source: Adidas AG Annual Financial Statements, December 2010 麻煩老師幫我講一下EBITDA interest coverage ratio 方面的知識(shí)，原來(lái)財(cái)務(wù)課沒(méi)講那么詳細(xì)。還是比較懵。
所屬：CFA Level I 視頻位置 相關(guān)試題
來(lái)源： 視頻位置 相關(guān)試題
1個(gè)回答
Sinny助教
2018-03-28 10:39
該回答已被題主采納
同學(xué)你好，這里EBITDA interest coverage ratio指的就是用EBITDA計(jì)算的利息保障倍數(shù)。我們通常計(jì)算利息保障倍數(shù)的時(shí)候，用的是EBIT除以interest，或者用CFO除以interest cost，但是這里在EBIT的基礎(chǔ)上又加了depreciation和amortization這兩項(xiàng)不需要有真實(shí)現(xiàn)金流出的費(fèi)用，能夠讓分母部分的EBIT靠近企業(yè)的經(jīng)營(yíng)性現(xiàn)金流。
-
追問(wèn)
好的，謝謝老師。
0
0
0
0
