BCE Inc. | |||||||
EXHIBIT TO 2020 FIRST QUARTER FINANCIAL STATEMENTS | |||||||
EARNINGS COVERAGE | |||||||
The following consolidated financial ratios are calculated for the twelve months ended March 31, | |||||||
2020, give effect to the issuance and redemption of all long-term debt since April 1, 2019 as if | |||||||
these transactions occurred on April 1, 2019, and are based on unaudited financial information of | |||||||
BCE Inc. | |||||||
March 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: | 4.3 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: | 4.3 times | ||||||