This percentage measures the excess income available for covering annual debt service (principal and interest) payments.  A high percentage is therefore a positive indicator that the organization has sufficient income to meet debt obligations. 

The numerator for this percentage includes changes in unrestricted net assets plus interest expense and depreciation expense.  The denominator consists of required annual debt service (principal and interest payments).

Debt Coverage Percentage

Year

Percentage

2021

115.00%

2020

160.91%

2019

59.06%

2018

53.32%

2017

100.70%