Examlex
It's during the assessment step of the MAP-IT framework that:
Times Interest Earned
Times interest earned is a financial ratio that measures a company's ability to meet its debt obligations by comparing its income before interest and taxes to its interest expenses.
Interest Expense
The cost of borrowing money.
Income Tax Expense
The cost associated with income taxes owed to federal, state, or local governments, recognized in the accounting period in which the income was earned.
Times Interest Earned Ratio
A financial metric that measures a company's ability to meet its debt obligations by comparing its income before interest and taxes to its interest expenses.
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