Re: Maginn & Tuttle - Interest Coverage Ratio

ben.walden@milliman.com
Tue, 20 Apr 1999 13:17:28 -0700

I think this is similar to the 'times interest earned' ratio used in financ=
ial=20=
work=2E=20=

The first definition is correct=2E
(Interest plus earnings) / (Interest)

The problem is that in the second definition, he switches the numerator and=20=
denominator and connects them by saying divided 'into', which he means to be=20=
the opposite of divided 'by'=2E=20=

Ben W