FORMULA
FINANCIAL INDICATOR RATIO
VIABILITY EXPENDABLE NET ASSETS
RATIO LONG TERM DEBT
| TREND | FORECAST | ||||||||
| 2012-2013 | 2013-2014 | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | |
|---|---|---|---|---|---|---|---|---|---|
| KSU - w/ Pension | 3.72 | 3.80 | -10.18 | -11.86 | -13.56 | -17.28 | -21.77 | -29.16 | -43.10 |
| KSU - w/o Pension | 3.72 | 3.80 | 4.00 | 4.37 | 4.85 | 5.30 | 6.83 | 10.82 | 19.34 |
The Viability Ratio measures expendable resources that are available to cover debt obligations (e.g. capital leases, notes payable, and bonds payable) and generally is regarded as governing an institution's ability to assume new debt.
1.25 -- A ratio of less than 1.0, where debt obligation and expendable assets are equal, is poor and may identify the institution as a credit risk; greater than 2.0 is a strong indicator of financial health.