Table 2

Descriptive statistics

VariableObsMeanStd. dev.MinMax
Return on assets55232.4054.253−42.6265.87
Return on equity55235.455.578−4.7114.04
EPS552379.14290.665−49.994253.956
Tobin’s Q55230.0040.0030.0010.07
Equity multiplier55232.5461.0541.3934.702
Interest coverage552343.45259.654−1.603186.429
Fixed charge coverage ratio55231.9742.63608.406
Degree of financial leverage55231.1820.903−0.1792.956
Debt-to-EBITDA ratio55237.2585.8221.11119.9
Capitalization ratio55230.5130.19901.557
Age of the firms552364.47416.5642131
Sales growth55231.6088.829−13.27515.202
The size of firm55237.7670.7026.16410.792

Source(s): Authors’ own work

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