A) Cash coverage ratio :- The cash coverage ratio is useful for determining the amount of cash available to pay for a borrower's interest expense and is expressed as a ratio of the cash available to the amount of interest to be paid. To show a sufficient ability to pay, the ratio should be substantially greater than 1:1.

As we can see above, the cash coverage ratio has improved over the period, the company is in a better position to pay of its liabilities.

B) Times interest earned:- The times interest earned ratio measures the ability of an organization to pay its debt obligations. The ratio is commonly used by lenders to ascertain whether a prospective borrower can afford to take on any additional debt. A ratio of less than one indicates that a business may not be in a position to pay its interest obligations, and so is more likely to default on its debt; a low ratio is also a strong indicator of impending bankruptcy. A much higher ratio is a strong indicator that the ability to service debt is not a problem for a borrower.

As we can see above, the ratio has decreased over the period, the ability of the company to pay off the debt or to borrow decreases. Although the ratio decreases, but it is still high i.e. more than 1, which still keeps the company in healthy position, but to be cautious.

3) Equity multiplier:- The equity multiplier is a ratio used to analyze a company’s debt and equity financing strategy. A higher ratio means that more assets were funding by debt than by equity. In other words, investors funded fewer assets than by creditors.When a firm’s assets are primarily funded by debt, the firm is considered to be highly leveraged and more risky for investors and creditors. Lower multiplier ratios are always considered more conservative and more favorable than higher ratios because companies with lower ratios are less dependent on debt financing and don’t have high debt servicing costs.

The equity multiplier in both the year are almost similar. So, there is not much change in the financing done through debt. But the company still has a high leverage to be dealt with as the ratio is more than 2 , which is considerable but still risky.

4) Debt equity ratio:- Debt to equity ratio is a long term solvency ratio that indicates the soundness of long-term financial policies of a company. It shows the relation between the portion of assets financed by creditors and the portion of assets financed by stockholders. A higher ratio indicates a risky position for the company and vice versa.

As we can see above, the ratio is similar over the period and near 1. It means that the asset financed through debt is equal to equity, which provides more protection to the creditors of the company.

5) Total debt ratio:- Debt ratio is a solvency ratio that measures a firm’s total liabilities as a percentage of its total assets. In a sense, the debt ratio shows a company’s ability to pay off its liabilities with its assets. As with many solvency ratios, a lower ratios is more favorable than a higher ratio.A lower debt ratio usually implies a more stable business with the potential of longevity because a company with lower ratio also has lower overall debt. Each industry has its own benchmarks for debt, but .5 is reasonable ratio.

As seen above, the ratio is similar over the period and near the reasonable benchmark ratio , making the company a solvent and good company for investment. This ratio also increases the ability of the company to go on and take more debt.