🐚 · 2024年10月20日
NO.PZ2024011002000062
问题如下：
The following information is available on a company:
The minimum net income (in thousands) that the company
must generate to meet its debt covenant requirement is closest to: (202
选项：
A.$2,700.00 B.$1,890.00 C.$2,100.00解释：
The fixed charge coverage ratio is: Fixed charge coverage = (NI + income expense + interest expense + lease payments) / (Interest + lease payments)
可以详细讲一下题目问什么，和答案吗？谢谢
王园圆_品职助教 · 2024年10月20日
同学你好，本题考察的就是以下讲义截图的公式，fixed charge coverage ratio的计算
fixed charge coverage ratio一般就是用来衡量公司的息税前利润能够覆盖每期必需要支付的利息费用和类似利息费用的lease payment的程度
题目问如果要满足债务人要求的最低的fixed charge coverage ratio的要求，公司的净利润NI需要达到多少金额
根据这个公式，就可以先计算分母——也就是本期需要支付出去的金额 = lease payment + interest payment = 800+300 =1100
然后这个ratio既然是大于等于3.5，就可以倒算出分子 = 3.5*1100 = 3850
分子有2部分，1. EBIT = NI + interest expense + tax expense 2. lease payment，把题目中已知信息带入，就是 3850 = NI+ 850+ tax expense +300 ,所以NI + tax expense = 2700
因为 EBT*（1-t) =NI = EBT - tax expense，所以 2700 = EBT ,所以NI = 2700 *（1-30%）=1890
NO.PZ2024011002000062 问题如下 The following information is available on a company:The minimum net income (in thousan) ththe companymust generate to meet its covenant requirement is closest to: (202 A.$2,700.00 B.$1,890.00 C.$2,100.00 The fixecharge coverage ratio is: Fixecharge coverage = (NI + income expense + interest expense + lease payments) / (Interest + lease payments) 看到这道题目想确认下Interest coverage ratio 分母是interest expense or interest payment?
NO.PZ2024011002000062 问题如下 The following information is available on a company:The minimum net income (in thousan) ththe companymust generate to meet its covenant requirement is closest to: (202 A.$2,700.00 B.$1,890.00 C.$2,100.00 The fixecharge coverage ratio is: Fixecharge coverage = (NI + income expense + interest expense + lease payments) / (Interest + lease payments) 可以按照这个公式把每个数值放进去吗，Fixecharge coverage = (NI + income expense + interest expense + lease payments) / (Interest + lease payments)，表格写的我有点不明白。同时还想问一下，强化课里的公式写的是FIXECOVERAGE RATIO = (EBIT + lease payment) / (interest + lease payments), 这个公式里的interest是指interest expense还是interest payment？
NO.PZ2024011002000062问题如下 The following information is available on a company:The minimum net income (in thousan) ththe companymust generate to meet its covenant requirement is closest to: (202 A.$2,700.00B.$1,890.00C.$2,100.00 The fixecharge coverage ratio is: Fixecharge coverage = (NI + income expense + interest expense + lease payments) / (Interest + lease payments) 怎么做选择？这个知识点在哪里有讲过？
NO.PZ2024011002000062问题如下 The following information is available on a company:The minimum net income (in thousan) ththe companymust generate to meet its covenant requirement is closest to: (202 A.$2,700.00B.$1,890.00C.$2,100.00 The fixecharge coverage ratio is: Fixecharge coverage = (NI + income expense + interest expense + lease payments) / (Interest + lease payments) 假设NI是X ,texpense是（x+850+300)*0.3吗
