2019 NIGA CERTIFICATION COURSE
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(c) 2019 - N WADDELL, CPA, CGMA, PROFESSIONAL CORP.
MORE ANALYSIS
Ø COVERAGE: WHY DO WE CARE? Because does the Casino have the ability to service it’s debt? (principle and interest payments)
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MORE ANALYSIS COVERAGE RATIOS: ü INTEREST COVERAGE = OPERATING INCOME aka EBITDA / INTEREST EXPENSE ü DEBT SERVICE = OPERATING INCOME / (PRINCIPAL PAYMENTS & INTEREST) (c) 2019 - N WADDELL, CPA, CGMA, PROFESSIONAL CORP.
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(c) 2019 - N WADDELL, CPA, CGMA, PROFESSIONAL CORP.
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