(Debt to equity, debt as a percentage of total capitalization, and interest coverage) The following...
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(Debt to equity, debt as a percentage of total capitalization, and interest coverage) The following financial information relates to Artscan Enterprises Inc. (amounts in thousands): 2018 2019 2020 Income before depreciation, amortization, interest, and taxes Interest expense Cash Current liabilities (does not include any debt) Bank loan payable (all long-term) Shareholders' equity $1,801 149 53 548 2,110 3,934 $2,847 310 122 742 3,790 5,860 $3,468 409 237 1,302 4,290 6,828 (a) Calculate the debt to equity, net debt as a percentage of total capitalization, and interest coverage ratios. (Round answers to 1 decimal place, e.g. 18.4 or 15.3%) Net debt as a percentage of total capitalization Debt to equity ratio Interest coverage 2018 53.6 % 34 12 times 2019 64.7 % 38 9.2 times 2020 62.8 % 36.5 % 8.5 times
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