EBITDA/EBIT and cash flow based ICRs: A comparative approach in the agro-food system in Italy
The interest coverage ratios (ICRs) are used to quantify the ability of firms to pay financial debts; ICRs are then considered by banks such as covenants in the financing term sheet, and are used by researchers and the rating agencies to estimate the probability of default of firms. Typically, ICRs...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Masaryk University
2012-05-01
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| Series: | Financial Assets and Investing |
| Subjects: | |
| Online Access: | http://is.muni.cz/do/econ/soubory/aktivity/fai/33967799/FAI_issue2012_02_Iotti_Bonazzi.pdf |