Table 7.
Cash flow sufficiency.
| Manufacturing | Utilities | Mining, Construction, and Chemicals | Wholesale and Retail |
Agriculture, Forestry, and Fishing | Services | |
|---|---|---|---|---|---|---|
| FFO/Debt | 0.3513 | 0.4218 | 0.2974 | 0.5018 | 0.2012 | 0.3070 |
| FOCF to Debt | 0.2881 | 0.3564 | 0.2100 | 0.4286 | 0.1546 | 0.2403 |
| FFO/Cash Interest | 30.179 | 40.919 | 26.106 | 52.185 | 20.089 | 42.315 |
| EBITDA/Interest | 32.841 | 54.209 | 22.506 | 81.248 | 38.201 | 51.193 |
| Sales Decline by 25% | ||||||
| FFO/Debt | 0.2450 | 0.3260 | 0.2403 | 0.3070 | 0.1789 | 0.2050 |
| FOCF to Debt | 0.1960 | 0.2007 | 0.1372 | 0.1853 | 0.1324 | 0.1883 |
| FFO/Cash Interest | 11.947 | 31.397 | 18.965 | 22.303 | 15.812 | 35.226 |
| EBITDA/Interest | 12.090 | 38.575 | 17.820 | 51.193 | 15.496 | 42.315 |
| Sales Decline by 50% | ||||||
| FFO/Debt | 0.1715 | 0.2282 | 0.1682 | 0.2149 | 0.1252 | 0.1435 |
| FOCF to Debt | 0.1274 | 0.1304 | 0.0892 | 0.1204 | 0.0861 | 0.1224 |
| FFO/Cash Interest | 0.7168 | 18.838 | 11.379 | 13.382 | 0.9487 | 21.136 |
| EBITDA/Interest | 10.881 | 34.718 | 16.038 | 46.074 | 13.946 | 38.084 |
| Sales Decline by 75% | ||||||
| FFO/Debt | 0.1029 | 0.1369 | 0.1009 | 0.1289 | 0.0751 | 0.0861 |
| FOCF to Debt | 0.0956 | 0.0978 | 0.0669 | 0.0903 | 0.0645 | 0.0857 |
| FFO/Cash Interest | 0.5735 | 15.070 | 0.9103 | 10.705 | 0.7590 | 16.908 |
| EBITDA/Interest | 0.9793 | 31.246 | 14.434 | 41.466 | 12.552 | 3.42 |
Authors’ calculation.