Interesting article, it says that:
Interest Coverage = EBITDA / Interest Expense
should be at least 1.5
I like that it doesn't rely on the Balance Sheets.
It also says that EBITDA is before any accounting conventions are made.
I'm going to look if I can input this stuff in a screener!
Thanks...
Anybody has ideas for how to screen out dangerously indebted companies, either in one of the online stock screeners or looking in the company statements?
What I would really love to find is a method that applies to all industries. ???
This forum looks great!
I'm a retired computer programmer/analyst.
I hope to get some investment tips here.
My new hobby is Value Investing.
I recently read Graham & Dodd's Security Analysis.
I'm also interested to share with like-minded people. :)