Based on annual EBITDA and annual interest expense, a company has an interest coverage ratio of 6.5. How many days worth of EBITDA will it take to pay 100% of annual interest expense?
A) 24 days
B) 37 days
C) 56 days
D) 100 days
Answer: C
Based on annual EBITDA and annual interest expense, a company has an interest coverage ratio of 6.5. How many days worth of EBITDA will it take to pay 100% of annual interest expense?
A) 24 days
B) 37 days
C) 56 days
D) 100 days
Answer: C