Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company’s ability to meet long-term obligations.
Solvency Ratios (Summary)
Charter Communications Inc., solvency ratios
Based on: 10-K (filing date: 2021-01-29), 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Charter Communications Inc.’s debt to equity ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Charter Communications Inc.’s debt to equity ratio (including operating lease liability) deteriorated from 2018 to 2019 and from 2019 to 2020. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Charter Communications Inc.’s debt to capital ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Charter Communications Inc.’s debt to capital ratio (including operating lease liability) deteriorated from 2018 to 2019 and from 2019 to 2020. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Charter Communications Inc.’s debt to assets ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Charter Communications Inc.’s debt to assets ratio (including operating lease liability) deteriorated from 2018 to 2019 and from 2019 to 2020. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Charter Communications Inc.’s financial leverage ratio increased from 2018 to 2019 and from 2019 to 2020. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Charter Communications Inc.’s interest coverage ratio improved from 2018 to 2019 and from 2019 to 2020. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Charter Communications Inc.’s fixed charge coverage ratio improved from 2018 to 2019 and from 2019 to 2020. |
Debt to Equity
Charter Communications Inc., debt to equity calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 1,008 | 3,500 | 3,290 | 2,045 | 2,028 | |
| Long-term debt, less current portion | 81,744 | 75,578 | 69,537 | 68,186 | 59,719 | |
| Total debt | 82,752 | 79,078 | 72,827 | 70,231 | 61,747 | |
| Total Charter shareholders’ equity | 23,805 | 31,445 | 36,285 | 39,084 | 40,139 | |
| Solvency Ratio | ||||||
| Debt to equity1 | 3.48 | 2.51 | 2.01 | 1.80 | 1.54 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| Comcast Corp. | 1.15 | 1.24 | 1.56 | 0.94 | 1.13 | |
| Netflix Inc. | 1.47 | 1.95 | 1.98 | 1.81 | 1.26 | |
| Walt Disney Co. | 0.70 | 0.53 | 0.43 | 0.61 | 0.47 | |
| Debt to Equity, Sector | ||||||
| Media | 1.25 | 1.15 | 1.33 | 1.09 | 1.04 | |
| Debt to Equity, Industry | ||||||
| Consumer Services | 1.22 | 1.24 | 1.27 | 1.10 | 0.99 | |
Based on: 10-K (filing date: 2021-01-29), 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16).
1 2020 Calculation
Debt to equity = Total debt ÷ Total Charter shareholders’ equity
= 82,752 ÷ 23,805 = 3.48
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Charter Communications Inc.’s debt to equity ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Debt to Equity (including Operating Lease Liability)
Charter Communications Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 1,008 | 3,500 | 3,290 | 2,045 | 2,028 | |
| Long-term debt, less current portion | 81,744 | 75,578 | 69,537 | 68,186 | 59,719 | |
| Total debt | 82,752 | 79,078 | 72,827 | 70,231 | 61,747 | |
| Operating lease liabilities, current portion | 235 | 214 | — | — | — | |
| Operating lease liabilities, long-term portion (included within Other long-term liabilities) | 1,110 | 979 | — | — | — | |
| Total debt (including operating lease liability) | 84,097 | 80,271 | 72,827 | 70,231 | 61,747 | |
| Total Charter shareholders’ equity | 23,805 | 31,445 | 36,285 | 39,084 | 40,139 | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 3.53 | 2.55 | 2.01 | 1.80 | 1.54 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| Comcast Corp. | 1.20 | 1.29 | 1.56 | 0.94 | 1.13 | |
| Netflix Inc. | 1.67 | 2.16 | 1.98 | 1.81 | 1.26 | |
| Walt Disney Co. | 0.74 | 0.53 | 0.43 | 0.61 | 0.47 | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Media | 1.31 | 1.19 | 1.33 | 1.09 | 1.04 | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Consumer Services | 1.53 | 1.39 | 1.27 | 1.10 | 0.99 | |
Based on: 10-K (filing date: 2021-01-29), 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16).
1 2020 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Charter shareholders’ equity
= 84,097 ÷ 23,805 = 3.53
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Charter Communications Inc.’s debt to equity ratio (including operating lease liability) deteriorated from 2018 to 2019 and from 2019 to 2020. |
Debt to Capital
Charter Communications Inc., debt to capital calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 1,008 | 3,500 | 3,290 | 2,045 | 2,028 | |
| Long-term debt, less current portion | 81,744 | 75,578 | 69,537 | 68,186 | 59,719 | |
| Total debt | 82,752 | 79,078 | 72,827 | 70,231 | 61,747 | |
| Total Charter shareholders’ equity | 23,805 | 31,445 | 36,285 | 39,084 | 40,139 | |
| Total capital | 106,557 | 110,523 | 109,112 | 109,315 | 101,886 | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.78 | 0.72 | 0.67 | 0.64 | 0.61 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| Comcast Corp. | 0.53 | 0.55 | 0.61 | 0.48 | 0.53 | |
| Netflix Inc. | 0.60 | 0.66 | 0.66 | 0.64 | 0.56 | |
| Walt Disney Co. | 0.41 | 0.35 | 0.30 | 0.38 | 0.32 | |
| Debt to Capital, Sector | ||||||
| Media | 0.56 | 0.54 | 0.57 | 0.52 | 0.51 | |
| Debt to Capital, Industry | ||||||
| Consumer Services | 0.55 | 0.55 | 0.56 | 0.52 | 0.50 | |
Based on: 10-K (filing date: 2021-01-29), 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16).
1 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 82,752 ÷ 106,557 = 0.78
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Charter Communications Inc.’s debt to capital ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Debt to Capital (including Operating Lease Liability)
Charter Communications Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 1,008 | 3,500 | 3,290 | 2,045 | 2,028 | |
| Long-term debt, less current portion | 81,744 | 75,578 | 69,537 | 68,186 | 59,719 | |
| Total debt | 82,752 | 79,078 | 72,827 | 70,231 | 61,747 | |
| Operating lease liabilities, current portion | 235 | 214 | — | — | — | |
| Operating lease liabilities, long-term portion (included within Other long-term liabilities) | 1,110 | 979 | — | — | — | |
| Total debt (including operating lease liability) | 84,097 | 80,271 | 72,827 | 70,231 | 61,747 | |
| Total Charter shareholders’ equity | 23,805 | 31,445 | 36,285 | 39,084 | 40,139 | |
| Total capital (including operating lease liability) | 107,902 | 111,716 | 109,112 | 109,315 | 101,886 | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.78 | 0.72 | 0.67 | 0.64 | 0.61 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| Comcast Corp. | 0.55 | 0.56 | 0.61 | 0.48 | 0.53 | |
| Netflix Inc. | 0.63 | 0.68 | 0.66 | 0.64 | 0.56 | |
| Walt Disney Co. | 0.43 | 0.35 | 0.30 | 0.38 | 0.32 | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Media | 0.57 | 0.54 | 0.57 | 0.52 | 0.51 | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Consumer Services | 0.60 | 0.58 | 0.56 | 0.52 | 0.50 | |
Based on: 10-K (filing date: 2021-01-29), 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16).
1 2020 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 84,097 ÷ 107,902 = 0.78
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Charter Communications Inc.’s debt to capital ratio (including operating lease liability) deteriorated from 2018 to 2019 and from 2019 to 2020. |
Debt to Assets
Charter Communications Inc., debt to assets calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 1,008 | 3,500 | 3,290 | 2,045 | 2,028 | |
| Long-term debt, less current portion | 81,744 | 75,578 | 69,537 | 68,186 | 59,719 | |
| Total debt | 82,752 | 79,078 | 72,827 | 70,231 | 61,747 | |
| Total assets | 144,206 | 148,188 | 146,130 | 146,623 | 149,067 | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.57 | 0.53 | 0.50 | 0.48 | 0.41 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| Comcast Corp. | 0.38 | 0.39 | 0.44 | 0.35 | 0.34 | |
| Netflix Inc. | 0.42 | 0.43 | 0.40 | 0.34 | 0.25 | |
| Walt Disney Co. | 0.29 | 0.24 | 0.21 | 0.26 | 0.22 | |
| Debt to Assets, Sector | ||||||
| Media | 0.40 | 0.38 | 0.41 | 0.37 | 0.34 | |
| Debt to Assets, Industry | ||||||
| Consumer Services | 0.33 | 0.34 | 0.37 | 0.34 | 0.32 | |
Based on: 10-K (filing date: 2021-01-29), 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16).
1 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 82,752 ÷ 144,206 = 0.57
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Charter Communications Inc.’s debt to assets ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Debt to Assets (including Operating Lease Liability)
Charter Communications Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 1,008 | 3,500 | 3,290 | 2,045 | 2,028 | |
| Long-term debt, less current portion | 81,744 | 75,578 | 69,537 | 68,186 | 59,719 | |
| Total debt | 82,752 | 79,078 | 72,827 | 70,231 | 61,747 | |
| Operating lease liabilities, current portion | 235 | 214 | — | — | — | |
| Operating lease liabilities, long-term portion (included within Other long-term liabilities) | 1,110 | 979 | — | — | — | |
| Total debt (including operating lease liability) | 84,097 | 80,271 | 72,827 | 70,231 | 61,747 | |
| Total assets | 144,206 | 148,188 | 146,130 | 146,623 | 149,067 | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.58 | 0.54 | 0.50 | 0.48 | 0.41 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| Comcast Corp. | 0.40 | 0.41 | 0.44 | 0.35 | 0.34 | |
| Netflix Inc. | 0.47 | 0.48 | 0.40 | 0.34 | 0.25 | |
| Walt Disney Co. | 0.31 | 0.24 | 0.21 | 0.26 | 0.22 | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Media | 0.41 | 0.39 | 0.41 | 0.37 | 0.34 | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Consumer Services | 0.41 | 0.39 | 0.37 | 0.34 | 0.32 | |
Based on: 10-K (filing date: 2021-01-29), 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16).
1 2020 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 84,097 ÷ 144,206 = 0.58
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Charter Communications Inc.’s debt to assets ratio (including operating lease liability) deteriorated from 2018 to 2019 and from 2019 to 2020. |
Financial Leverage
Charter Communications Inc., financial leverage calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Total assets | 144,206 | 148,188 | 146,130 | 146,623 | 149,067 | |
| Total Charter shareholders’ equity | 23,805 | 31,445 | 36,285 | 39,084 | 40,139 | |
| Solvency Ratio | ||||||
| Financial leverage1 | 6.06 | 4.71 | 4.03 | 3.75 | 3.71 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| Comcast Corp. | 3.03 | 3.18 | 3.51 | 2.72 | 3.35 | |
| Netflix Inc. | 3.55 | 4.48 | 4.96 | 5.31 | 5.07 | |
| Walt Disney Co. | 2.41 | 2.18 | 2.02 | 2.32 | 2.13 | |
| Financial Leverage, Sector | ||||||
| Media | 3.16 | 3.04 | 3.23 | 2.94 | 3.11 | |
| Financial Leverage, Industry | ||||||
| Consumer Services | 3.75 | 3.61 | 3.48 | 3.19 | 3.09 | |
Based on: 10-K (filing date: 2021-01-29), 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16).
1 2020 Calculation
Financial leverage = Total assets ÷ Total Charter shareholders’ equity
= 144,206 ÷ 23,805 = 6.06
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Charter Communications Inc.’s financial leverage ratio increased from 2018 to 2019 and from 2019 to 2020. |
Interest Coverage
Charter Communications Inc., interest coverage calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to Charter shareholders | 3,222 | 1,668 | 1,230 | 9,895 | 3,522 | |
| Add: Net income attributable to noncontrolling interest | 454 | 324 | 276 | 220 | 223 | |
| Add: Income tax expense | 626 | 439 | 180 | (9,087) | (2,925) | |
| Add: Interest expense, net | 3,848 | 3,797 | 3,540 | 3,090 | 2,499 | |
| Earnings before interest and tax (EBIT) | 8,150 | 6,228 | 5,226 | 4,118 | 3,319 | |
| Solvency Ratio | ||||||
| Interest coverage1 | 2.12 | 1.64 | 1.48 | 1.33 | 1.33 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| Comcast Corp. | 4.07 | 4.72 | 5.30 | 5.97 | 5.88 | |
| Netflix Inc. | 5.17 | 4.29 | 3.92 | 3.04 | 2.74 | |
| Walt Disney Co. | -0.06 | 12.19 | 22.60 | 28.20 | 43.00 | |
| Interest Coverage, Sector | ||||||
| Media | 2.83 | 4.46 | 5.02 | 5.42 | 6.10 | |
| Interest Coverage, Industry | ||||||
| Consumer Services | 6.20 | 6.64 | 7.01 | 8.27 | 8.92 | |
Based on: 10-K (filing date: 2021-01-29), 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16).
1 2020 Calculation
Interest coverage = EBIT ÷ Interest expense
= 8,150 ÷ 3,848 = 2.12
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Charter Communications Inc.’s interest coverage ratio improved from 2018 to 2019 and from 2019 to 2020. |
Fixed Charge Coverage
Charter Communications Inc., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to Charter shareholders | 3,222 | 1,668 | 1,230 | 9,895 | 3,522 | |
| Add: Net income attributable to noncontrolling interest | 454 | 324 | 276 | 220 | 223 | |
| Add: Income tax expense | 626 | 439 | 180 | (9,087) | (2,925) | |
| Add: Interest expense, net | 3,848 | 3,797 | 3,540 | 3,090 | 2,499 | |
| Earnings before interest and tax (EBIT) | 8,150 | 6,228 | 5,226 | 4,118 | 3,319 | |
| Add: Operating lease expenses | 439 | 428 | 382 | 321 | 215 | |
| Earnings before fixed charges and tax | 8,589 | 6,656 | 5,608 | 4,439 | 3,534 | |
| Interest expense, net | 3,848 | 3,797 | 3,540 | 3,090 | 2,499 | |
| Operating lease expenses | 439 | 428 | 382 | 321 | 215 | |
| Fixed charges | 4,287 | 4,225 | 3,922 | 3,411 | 2,714 | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 2.00 | 1.58 | 1.43 | 1.30 | 1.30 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| Comcast Corp. | 3.47 | 4.00 | 4.53 | 4.90 | 4.89 | |
| Netflix Inc. | 3.65 | 2.92 | 3.33 | 2.55 | 2.28 | |
| Walt Disney Co. | 0.32 | 6.94 | 10.14 | 11.03 | 13.38 | |
| Fixed Charge Coverage, Sector | ||||||
| Media | 2.44 | 3.66 | 4.17 | 4.39 | 4.88 | |
| Fixed Charge Coverage, Industry | ||||||
| Consumer Services | 3.67 | 3.87 | 3.98 | 4.49 | 4.73 | |
Based on: 10-K (filing date: 2021-01-29), 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16).
1 2020 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 8,589 ÷ 4,287 = 2.00
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Charter Communications Inc.’s fixed charge coverage ratio improved from 2018 to 2019 and from 2019 to 2020. |