Clueless-Community / fintech-api

An API that helps you to deal with your financial calculations
MIT License
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[Feature] Interest Coverage Ratio #464

Closed roberanegussie closed 1 year ago

roberanegussie commented 1 year ago

Are you adding a new feature?

Are you enhancing the old feature?

Describe your feature/enhancement.

Interest Coverage Ratio(ICR) helps companies determine how easily they can pay interest on outstanding debt or debt they plan to take on. You can determine it by taking a company’s EBIT (earnings before interest and taxes) and dividing it by the interest payments that must be paid within a period of time.

EBIT = Revenue − COGS − Operating Expenses
ICR = EBIT / IneterestExpense

Eg: Revenue= 150,000; COGS=50,000;  Operating Expenses=40,000;  IneterestExpense=16,000
EBIT = 150,000 - 50,000 - 40,000 = 60,000
ICR = 60,000 / 16,000 = 3.75

Can you add the feature by yourself?

Additional Information

I would like to work on this issue if approved under GSSoC23

github-actions[bot] commented 1 year ago

👋 @roberanegussie

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github-actions[bot] commented 1 year ago

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github-actions[bot] commented 1 year ago

👋 @roberanegussie This issue is closed.