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💗 · 2025年07月01日

int coverage

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NO.PZ202308140300008002

问题如下:

Q. Jordan’s response about the ratio impact of Alpha’s decision to capitalize interest costs is most likely correct with respect to the:

选项:

A.interest coverage ratio. B.fixed asset turnover ratio. C.interest coverage and fixed asset turnover ratios.

解释:

B is correct. Alpha’s fixed asset turnover will be lower because the capitalized interest will appear on the balance sheet as part of the asset being constructed. Therefore, fixed assets will be higher and the fixed asset turnover ratio (total revenue/average net fixed assets) will be lower than if it had expensed these costs. Capitalized interest appears on the balance sheet as part of the asset being constructed instead of being reported as interest expense in the period incurred. However, the interest coverage ratio should be based on interest payments, not interest expense (earnings before interest and taxes/interest payments) and should be unchanged. To provide a true picture of a company’s interest coverage, the entire amount of interest expenditure, both the capitalized portion and the expensed portion, should be used in calculating interest coverage ratios.

不太明白这一道题为什么不会对int coverage产生影响

1 个答案

王园圆_品职助教 · 2025年07月01日

同学你好,interest coverage ratio = earnings before interest and taxes / interest payments

EBIT是息税前利润不受利息影响, Interest payment 是实付的利息现金,无论资本化还是费用化都是付这么多利息钱给银行,也是不受会计处理影响的,所以这个指标是不变的。


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