GlaxoSmithKline PLC - Credit Update - 2009/02/20 - Fitch Research

Report title: GlaxoSmithKline PLC

from Fitch Research
2 page (3573 word) report published Feb 20, 2009

Price $165.00 available for immediate download

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... Funds From Operations/Gross Interest Expense (x) 16.6 16.1 14.4 15.2 29.0 FFO Fixed Charge Cover (x) 14.6 13.6 12.7 13.0 22.4 Op. EBITDAR/Net Fixed Charges (x) 35.6 76.8 35.3 28.4 38.6 Adjusted Leverage/FFO (x) 1.5 1.2 1.1 1.2 1.0 Total Adjusted Debt Net of Cash/Op. EBITDAR (x) 0.8 0.3 0.2 0.4 0.3 Total Adjusted (Recourse) Debt/Total Adjusted Capitalisation (%) 52.8 38.3 48.0 52.1 39.8 Off Balance sheet debt reflects 8 times gross rent expense plus off balance sheet debt with full/limited recourse. * Includes Analyst Estimate ** Balancing It...

Report Type:

Credit Update

Company(ies):

GlaxoSmithKline plc

Ticker(s):

GSK

Issuer:

GlaxoSmithKline PLC

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