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In Lone Mountain Processing v. Secretary of Labor, a mining firm failed to respond to a citation from the Mine Safety and Health Administration (MSHA) for regulatory violations within 30 days, so the citations became final. The firm protested the refusal to reconsider the matter after 30 days. The appeals court held that:
EBIT
Stands for Earnings Before Interest and Taxes, and is an indicator of a company's profitability excluding interest and tax expenses.
Depreciation
The accounting method of allocating the cost of a tangible asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.
Interest Expense
The cost incurred by an entity for borrowed funds over a period of time, typically expressed as an annual rate.
Cash Coverage Ratio
A financial metric that measures a company’s ability to cover its debt obligations with its operating cash flow.
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