BCE Inc. | |||||||
EXHIBIT TO 2020 ANNUAL FINANCIAL STATEMENTS | |||||||
EARNINGS | |||||||
COVERAGE | |||||||
The following consolidated financial ratios are calculated for the twelve months ended December 31, 2020, give effect to the issuance and redemption of all long-term debt since January 1, 2020 as if these transactions occurred on January 1, 2020, and are based on unaudited financial information of BCE Inc. | |||||||
December 31, 2020 | |||||||
Earnings coverage of interest on debt requirements based on net earnings attributable to owners of BCE Inc. before interest expense and income tax: | |||||||
3.9 times | |||||||
Earnings coverage of interest on debt requirements based on net earnings attributable to owners of BCE Inc. before interest expense, income tax and non-controlling interest: | |||||||
4.0 times | |||||||