BCE Inc. | |||||||
EXHIBIT TO 2019 ANNUAL FINANCIAL STATEMENTS | |||||||
EARNINGS COVERAGE | |||||||
The following consolidated financial ratios are calculated for the twelve months ended | |||||||
December 31, 2019, give effect to the issuance and redemption of all long-term debt since | |||||||
January 1, 2019 as if these transactions occurred on January 1, 2019, and are based on unaudited | |||||||
financial information of BCE Inc. | |||||||
December 31, 2019 | |||||||
Earnings coverage of interest on debt requirements based on net | |||||||
earnings attributable to owners of BCE Inc. before | |||||||
interest expense and income tax: | 4.5 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: | 4.5 times | ||||||