What is the coverage ratio, interest-bearing debt, and present value of lease commitments for Under Armour? How does off-balance sheet debt compare to balance sheet debt?
a) The coverage ratio is the ratio of earnings to fixed charges; interest-bearing debt refers to debts that incur interest; off-balance sheet debt is typically higher than balance sheet debt
b) The coverage ratio assesses insurance coverage; interest-bearing debt is the total debt paid annually; off-balance sheet debt is lower than balance sheet debt
c) The coverage ratio evaluates media coverage; interest-bearing debt is the debt with interest rates below market average; off-balance sheet debt is equivalent to balance sheet debt
d) The coverage ratio measures financial media coverage; interest-bearing debt is debt without any interest; off-balance sheet debt does not exist