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积极向上 · 2023年05月14日

Coverage ratio

  1. CFA III
  2. Fixed Income

NO.PZ2021120102000017

问题如下：

An active manager is considering the senior bonds of one of several corporate issuers. Holding other factors constant, which of the following key financial ratio changes would lead the manager to expect a decrease in the POD for that issuer?

选项：

A.

An increase in the issuer’s coverage ratio

B.

An increase in the issuer’s stock price volatility

C.

An increase in the issuer’s leverage ratio

解释：

A is correct. The coverage ratio measures cash flow available to service debt, with a higher ratio indicating a lower probability of financial distress.

请问coverage ratio 的计算公式是什么？

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1 个答案

pzqa015 · 2023年05月16日

嗨，从没放弃的小努力你好：


net cash flow/interest ，经营性现金净流量对利息的覆盖倍数。

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努力的时光都是限量版，加油！

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