BANK OF MONTREAL EARNINGS COVERAGE RATIO
The following consolidated financial ratios for the Bank, are calculated for the 12 months ended October 31, 2021 and October 31, 2020.
|
12 Months Ended October 31, 2021 Actual |
12 Months Ended October 31, 2020 Actual | |||
| Interest coverage on subordinated indebtedness | 53.65 times | 24.94 times |
In calculating the interest coverage ratios, foreign currency amounts have been converted to Canadian dollars using rates of exchange as at the end of each month. For the 12 month period ending October 31, 2021 and October 31, 2020 the average monthly exchange rates were $1.2554 per US$1.00 and $1.3441 per US$1.00, respectively.
The Bank's earnings before interest on subordinated indebtedness and income tax for the 12 months ended October 31, 2021 were $10,453.18 million, which is 53.65 times the Bank's aggregate interest on subordinated indebtedness requirement for this period. The Bank's earnings before interest on subordinated indebtedness and income tax for the 12 months ended October 31, 2020 were $6,612.76 million, which is 24.94 times the Bank's aggregate interest on subordinated indebtedness requirement for this period.
The amounts and ratios reported above are derived from information in the consolidated financial statements for the year ended October 31, 2021.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
BMO - Bank of Montreal published this content on 03 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2021 22:31:09 UTC.
