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TeachMeFinance.com - explain Fixed charge coverage Fixed charge coverage The term 'Fixed charge coverage' as it applies to the area of energy can be defined as ' The ratio of earnings available to pay so-called fixed charges to such fixed charges. Fixed charges include interest on funded debt, including leases, plus the related amortizations of debt discount, premium, and expense. Earnings available for fixed charges may be computed before or after deducting income taxes. Occasionally credits for the 'allowance for funds used during construction' are excluded from the earnings figures. The precise procedures followed in calculating fixed charges or interest coverages vary widely'. Previous 5 Terms: Fixed amount-frequency scheduling Fixed asset turnover Fixed assets Fixed Capital Assets Fixed carbon Next 5 Terms: Fixed cone valve (Howell Bunger valve) Fixed cost (expense) Fixed operating costs Fixed Tilt Array Fixed-wheel gate (fixed-roller gate, fixed-axle gate) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.