NAC361.398. “Times interest earned” defined.

Latest version.

“Times interest earned” means the ratio of earnings before the interest expense to the interest expense. The factor is an element used in determining risk by the purchaser of debt issues of a company. Generally, the lower the factor the greater the risk. Also called interest coverage, it may be the ratio of earnings before interest and income taxes to interest expense.

[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]

                    
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