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Financial Ratio

 

  3Q 2011 Full Year 2010 Full Year 2009 Full Year 2008
EBITDA Margin 46.5% 48.6% 46.6% 49.8%
Operating Ratio 82.9% 82.5% 82.9% 74.6%
Interest Coverage 541.2% 462.7% 485.1% 522.9%
Debt to EBITDA* 226.9% 253.5% 294.2% 237.6%
Net Debt to Equity 106.0% 122.4% 125.6% 92.3%
Gross Debt to Equity 116.0% 133.8% 141.1% 124.7%

 

*EBITDA (earnings before interest, taxes, depreciation and amortization) is a non-GAAP measure that management believes is a useful supplemental measure of cash available prior to debt service, capital expenditures and income tax. Investors are cautioned that EBITDA should not be construed as an alternative to net income determined in accordance with GAAP as an indicator of the Company’s performance or to cash flows from operations as a measure of liquidity and cash flows. EBITDA does not have a standardized meaning prescribed by GAAP. The Company’s method of calculating EBITDA may differ from the methods used by other companies and, accordingly, it may not be comparable to similarly titled measures used by other companies.

 
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