Question
In: Finance
Calculate the times interest earned ratio from 2015 to 2018 and interpret them. ASX Code Item...
Calculate the times interest earned ratio from 2015 to 2018 and interpret them.
| ASX Code | Item | 06/15 | 06/16 | 06/17 | 06/18 |
| TLS | Operating Revenue | 25,845,000,000.00 | 25,834,000,000.00 | 25,912,000,000.00 | 25,667,000,000.00 |
| TLS | Other Revenue | 762,000,000.00 | 1,216,000,000.00 | 2,293,000,000.00 | 3,375,000,000.00 |
| TLS | Total Revenue Excluding Interest | 26,607,000,000.00 | 27,050,000,000.00 | 28,205,000,000.00 | 29,042,000,000.00 |
| TLS | Operating Expenses | -15,845,000,000.00 | -16,103,000,000.00 | -17,231,000,000.00 | -18,754,000,000.00 |
| TLS | EBITDA | 10,762,000,000.00 | 10,947,000,000.00 | 10,974,000,000.00 | 10,288,000,000.00 |
| TLS | Depreciation | -2,922,000,000.00 | -2,957,000,000.00 | -3,058,000,000.00 | -3,005,000,000.00 |
| TLS | Amortisation | -1,061,000,000.00 | -1,198,000,000.00 | -1,383,000,000.00 | -1,465,000,000.00 |
| TLS | Depreciation and Amortisation | -3,983,000,000.00 | -4,155,000,000.00 | -4,441,000,000.00 | -4,470,000,000.00 |
| TLS | EBIT | 6,779,000,000.00 | 6,792,000,000.00 | 6,533,000,000.00 | 5,818,000,000.00 |
| TLS | Interest Revenue | 157,000,000.00 | 86,000,000.00 | 138,000,000.00 | 82,000,000.00 |
| TLS | Interest Expense | -846,000,000.00 | -796,000,000.00 | -729,000,000.00 | -631,000,000.00 |
| TLS | Net Interest Expense | -689,000,000.00 | -710,000,000.00 | -591,000,000.00 | -549,000,000.00 |
| TLS | PreTax Profit | 6,090,000,000.00 | 6,082,000,000.00 | 5,942,000,000.00 | 5,269,000,000.00 |
| TLS | Tax Expense | -1,787,000,000.00 | -1,768,000,000.00 | -1,910,000,000.00 | -1,573,000,000.00 |
| TLS | Net Profit after Tax Before Abnormals | 4,303,000,000.00 | 4,314,000,000.00 | 4,032,000,000.00 | 3,696,000,000.00 |
| TLS | Abnormals | -17,000,000.00 | -482,000,000.00 | -295,000,000.00 | -167,000,000.00 |
| TLS | Abnormals Tax | 0.00 | 0.00 | 137,000,000.00 | 0.00 |
| TLS | Net Abnormals | -17,000,000.00 | -482,000,000.00 | -158,000,000.00 | -167,000,000.00 |
| TLS | Reported NPAT After Abnormals | 4,305,000,000.00 | 5,849,000,000.00 | 3,874,000,000.00 | 3,529,000,000.00 |
| TLS | Outside Equity Interests | -74,000,000.00 | -69,000,000.00 | 17,000,000.00 | 34,000,000.00 |
| TLS | Shares Outstanding at Period End | 12,225,655,836.00 | 12,225,655,836.00 | 11,893,297,855.00 | 11,893,297,855.00 |
| TLS | Weighted Average Number of Shares | 12,264,000,000.00 | 12,202,000,000.00 | 11,968,000,000.00 | 11,877,000,000.00 |
| TLS | EPS Adjusted (cents/share) | 34.48 | 34.75 | 33.83 | 31.41 |
| TLS | EPS After Abnormals (cents/share) | 34.50 | 47.32 | 32.51 | 30.00 |
Solutions
jeff jeffy answered 1 year agoRelated Solutions
Calculate the gearing ratios from 2016 to 2018 and interpret them. ASX Code Item 06/16 06/17...
Calculate the gearing ratios from 2016 to 2018 and interpret
them.
ASX Code
Item
06/16
06/17
06/18
TLS
CA - Cash
3,550,000,000.00
938,000,000.00
629,000,000.00
TLS
CA - Receivables
4,737,000,000.00
5,468,000,000.00
5,018,000,000.00
TLS
CA - Prepaid Expenses
426,000,000.00
531,000,000.00
548,000,000.00
TLS
CA - Inventories
557,000,000.00
893,000,000.00
801,000,000.00
TLS
CA - Investments
62,000,000.00
21,000,000.00
75,000,000.00
TLS
CA - Other
8,000,000.00
11,000,000.00
6,000,000.00
TLS
Total Current Assets
9,340,000,000.00
7,862,000,000.00
7,077,000,000.00
TLS
NCA - Receivables
1,293,000,000.00
1,039,000,000.00
1,012,000,000.00
TLS
NCA - Inventories
29,000,000.00
29,000,000.00...
Times-Interest-Earned Ration Calculated the times-interest-earned ratio for Smith & Sons Inc for 2015 and 2016 and...
Times-Interest-Earned
Ration
Calculated the
times-interest-earned ratio for Smith & Sons Inc for 2015 and
2016 and comment on the company’s ability to pay its current
interest payments. Did the company’s ability to pay its current
interest changes improve?
Time interest earned ration =
Income before interest expense and income taxes/Interest
expense
Smith & Sons, Inc
Balance Sheet
Decemober 31, 2016 and
2015
(In millions)
2016
2015
Net sales
10,000
9,500
Cost of goods sold
(5,500)
(5,200)...
For each year (2019 and 2018) compute Times interest earned Debt ratio Debt/equity ratio Debt to...
For each year (2019 and 2018) compute
Times interest earned
Debt ratio
Debt/equity ratio
Debt to tangible net worth ratio
Balance Sheet
(in
thousands)
2019
2018
Current assets
$ 449,195
$ 433,049
Investments
32,822
55,072
Deferred charges
4,905
12,769
Property, plant, and equipment, net
350,921
403,128
Trademarks and leaseholds
45,031
47,004
Excess of cost over fair market value of net
assets acquired
272,146
276,639
Assets held for disposal
6,062
10,247
$1,161,082
$1,237,908
Total liabilities
$ 689,535
$ 721,149
Total stockholders' equity
471,547
516,759
$1,161,082...
a. For the years 2005–2009, calculate Boeing’s: i. Total liabilities-to-equity ratio ii. Times interest earned ratio...
a. For the years 2005–2009, calculate Boeing’s:
i. Total liabilities-to-equity ratio
ii. Times interest earned ratio
iii. Times burden covered ratio
b. What percentage decline in earnings before interest and taxes
could Boeing have sustained in these years before failing to
cover:
i. Interest and principal repayment requirements?
ii. Interest, principal, and common dividend payments?
c. What do these calculations suggest about Boeing’s financial
leverage during this period?
I am aware that this question has been submitted and answered by...
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from...
Ratio of Liabilities to Stockholders' Equity and Times Interest
Earned
The following data were taken from the financial statements of
Hunter Inc. for December 31 of two recent years:
Current
YearPrevious
Year
Accounts payable$622,000 $168,000
Current maturities of serial bonds payable380,000 380,000
Serial bonds payable, 10%1,560,000 1,940,000
Common stock, $1 par value70,000 90,000
Paid-in capital in excess of par810,000 810,000
Retained earnings2,780,000 2,210,000
The income before income tax expense was $814,800 and $713,000
for the current and previous years, respectively....
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from...
Ratio of Liabilities
to Stockholders' Equity and Times Interest Earned
The following data
were taken from the financial statements of Hunter Inc. for
December 31 of two recent years:
Current Year
Previous Year
Accounts payable
$744,000
$198,000
Current maturities of serial bonds payable
460,000
460,000
Serial bonds payable, 10%
1,890,000
2,350,000
Common stock, $1 par value
90,000
110,000
Paid-in capital in excess of par
970,000
980,000
Retained earnings
3,360,000
2,670,000
The income before
income tax was $564,000 and $493,500 for...
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from...
Ratio of Liabilities to Stockholders' Equity and Times Interest
Earned
The following data were taken from the financial statements of
Hunter Inc. for December 31 of two recent years:
Current Year
Previous Year
Accounts payable
$260,000
$224,000
Current maturities of serial bonds payable
340,000
340,000
Serial bonds payable, 10%
1,680,000
2,020,000
Common stock, $1 par value
70,000
100,000
Paid-in capital in excess of par
840,000
840,000
Retained earnings
2,890,000
2,290,000
The income before income tax was $666,600 and $583,300 for...
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from...
Ratio of Liabilities to Stockholders' Equity and Times Interest
Earned
The following data were taken from the financial statements of
Hunter Inc. for December 31 of two recent years:
Current Year
Previous Year
Accounts payable
$552,000
$162,000
Current maturities of serial bonds payable
370,000
370,000
Serial bonds payable, 10%
1,520,000
1,890,000
Common stock, $1 par value
80,000
100,000
Paid-in capital in excess of par
900,000
900,000
Retained earnings
3,090,000
2,460,000
The income before income tax was $529,200 and $463,100 for...
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from...
Ratio of Liabilities to Stockholders' Equity and Times Interest
Earned
The following data were taken from the financial statements of
Hunter Inc. for December 31 of two recent years:
Current Year
Previous Year
Accounts payable
$604,000
$290,000
Current maturities of serial bonds payable
530,000
530,000
Serial bonds payable, 10%
2,370,000
2,900,000
Common stock, $1 par value
90,000
110,000
Paid-in capital in excess of par
960,000
970,000
Retained earnings
3,330,000
2,640,000
The income before income tax was $1,044,000 and $913,500 for...
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from...
Ratio of Liabilities to Stockholders' Equity and Times Interest
Earned
The following data were taken from the financial statements of
Hunter Inc. for December 31 of two recent years:
Current Year
Previous Year
Accounts payable
$628,000
$193,000
Current maturities of serial bonds payable
410,000
410,000
Serial bonds payable, 10%
1,710,000
2,120,000
Common stock, $1 par value
90,000
120,000
Paid-in capital in excess of par
1,010,000
1,010,000
Retained earnings
3,480,000
2,760,000
The income before income tax was $572,400 and $500,900 for...
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