Calculate the times interest earned ratio from 2015 to 2018 and interpret them. ASX Code Item 06/15 06/16 06/17 06/18 TLS Operating Revenue 25,845,000,000.00 25,834,000,000.00 25,912,000,000.00 25,667,000,000.00 TLS Other Revenue 762,000,000.00 1,216,000,000.00 2,293,000,000.00 3,375,000,000.00 TLS Total...

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Calculate the times interest earned ratio from 2015 to 2018 andinterpret them.
ASX Code Item 06/15 06/16 06/17 06/18
TLS Operating Revenue 25,845,000,000.00 25,834,000,000.00 25,912,000,000.00 25,667,000,000.00
TLS Other Revenue 762,000,000.00 1,216,000,000.00 2,293,000,000.00 3,375,000,000.00
TLS Total Revenue Excluding Interest 26,607,000,000.00 27,050,000,000.00 28,205,000,000.00 29,042,000,000.00
TLS Operating Expenses -15,845,000,000.00 -16,103,000,000.00 -17,231,000,000.00 -18,754,000,000.00
TLS EBITDA 10,762,000,000.00 10,947,000,000.00 10,974,000,000.00 10,288,000,000.00
TLS Depreciation -2,922,000,000.00 -2,957,000,000.00 -3,058,000,000.00 -3,005,000,000.00
TLS Amortisation -1,061,000,000.00 -1,198,000,000.00 -1,383,000,000.00 -1,465,000,000.00
TLS Depreciation and Amortisation -3,983,000,000.00 -4,155,000,000.00 -4,441,000,000.00 -4,470,000,000.00
TLS EBIT 6,779,000,000.00 6,792,000,000.00 6,533,000,000.00 5,818,000,000.00
TLS Interest Revenue 157,000,000.00 86,000,000.00 138,000,000.00 82,000,000.00
TLS Interest Expense -846,000,000.00 -796,000,000.00 -729,000,000.00 -631,000,000.00
TLS Net Interest Expense -689,000,000.00 -710,000,000.00 -591,000,000.00 -549,000,000.00
TLS PreTax Profit 6,090,000,000.00 6,082,000,000.00 5,942,000,000.00 5,269,000,000.00
TLS Tax Expense -1,787,000,000.00 -1,768,000,000.00 -1,910,000,000.00 -1,573,000,000.00
TLS Net Profit after Tax Before Abnormals 4,303,000,000.00 4,314,000,000.00 4,032,000,000.00 3,696,000,000.00
TLS Abnormals -17,000,000.00 -482,000,000.00 -295,000,000.00 -167,000,000.00
TLS Abnormals Tax 0.00 0.00 137,000,000.00 0.00
TLS Net Abnormals -17,000,000.00 -482,000,000.00 -158,000,000.00 -167,000,000.00
TLS Reported NPAT After Abnormals 4,305,000,000.00 5,849,000,000.00 3,874,000,000.00 3,529,000,000.00
TLS Outside Equity Interests -74,000,000.00 -69,000,000.00 17,000,000.00 34,000,000.00
TLS Shares Outstanding at Period End 12,225,655,836.00 12,225,655,836.00 11,893,297,855.00 11,893,297,855.00
TLS Weighted Average Number of Shares 12,264,000,000.00 12,202,000,000.00 11,968,000,000.00 11,877,000,000.00
TLS EPS Adjusted (cents/share) 34.48 34.75 33.83 31.41
TLS EPS After Abnormals (cents/share) 34.50 47.32 32.51 30.00

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Calculate the times interest earned ratio from 2015 to 2018 andinterpret them.ASX CodeItem06/1506/1606/1706/18TLSOperating Revenue25,845,000,000.0025,834,000,000.0025,912,000,000.0025,667,000,000.00TLSOther Revenue762,000,000.001,216,000,000.002,293,000,000.003,375,000,000.00TLSTotal Revenue Excluding Interest26,607,000,000.0027,050,000,000.0028,205,000,000.0029,042,000,000.00TLSOperating Expenses-15,845,000,000.00-16,103,000,000.00-17,231,000,000.00-18,754,000,000.00TLSEBITDA10,762,000,000.0010,947,000,000.0010,974,000,000.0010,288,000,000.00TLSDepreciation-2,922,000,000.00-2,957,000,000.00-3,058,000,000.00-3,005,000,000.00TLSAmortisation-1,061,000,000.00-1,198,000,000.00-1,383,000,000.00-1,465,000,000.00TLSDepreciation and Amortisation-3,983,000,000.00-4,155,000,000.00-4,441,000,000.00-4,470,000,000.00TLSEBIT6,779,000,000.006,792,000,000.006,533,000,000.005,818,000,000.00TLSInterest Revenue157,000,000.0086,000,000.00138,000,000.0082,000,000.00TLSInterest Expense-846,000,000.00-796,000,000.00-729,000,000.00-631,000,000.00TLSNet Interest Expense-689,000,000.00-710,000,000.00-591,000,000.00-549,000,000.00TLSPreTax Profit6,090,000,000.006,082,000,000.005,942,000,000.005,269,000,000.00TLSTax Expense-1,787,000,000.00-1,768,000,000.00-1,910,000,000.00-1,573,000,000.00TLSNet Profit after Tax Before Abnormals4,303,000,000.004,314,000,000.004,032,000,000.003,696,000,000.00TLSAbnormals-17,000,000.00-482,000,000.00-295,000,000.00-167,000,000.00TLSAbnormals Tax0.000.00137,000,000.000.00TLSNet Abnormals-17,000,000.00-482,000,000.00-158,000,000.00-167,000,000.00TLSReported NPAT After Abnormals4,305,000,000.005,849,000,000.003,874,000,000.003,529,000,000.00TLSOutside Equity Interests-74,000,000.00-69,000,000.0017,000,000.0034,000,000.00TLSShares Outstanding at Period End12,225,655,836.0012,225,655,836.0011,893,297,855.0011,893,297,855.00TLSWeighted Average Number of Shares12,264,000,000.0012,202,000,000.0011,968,000,000.0011,877,000,000.00TLSEPS Adjusted (cents/share)34.4834.7533.8331.41TLSEPS After Abnormals (cents/share)34.5047.3232.5130.00

ASX Code	Item	06/15	06/16	06/17	06/18
TLS	Operating Revenue	25,845,000,000.00	25,834,000,000.00	25,912,000,000.00	25,667,000,000.00
TLS	Other Revenue	762,000,000.00	1,216,000,000.00	2,293,000,000.00	3,375,000,000.00
TLS	Total Revenue Excluding Interest	26,607,000,000.00	27,050,000,000.00	28,205,000,000.00	29,042,000,000.00
TLS	Operating Expenses	-15,845,000,000.00	-16,103,000,000.00	-17,231,000,000.00	-18,754,000,000.00
TLS	EBITDA	10,762,000,000.00	10,947,000,000.00	10,974,000,000.00	10,288,000,000.00
TLS	Depreciation	-2,922,000,000.00	-2,957,000,000.00	-3,058,000,000.00	-3,005,000,000.00
TLS	Amortisation	-1,061,000,000.00	-1,198,000,000.00	-1,383,000,000.00	-1,465,000,000.00
TLS	Depreciation and Amortisation	-3,983,000,000.00	-4,155,000,000.00	-4,441,000,000.00	-4,470,000,000.00
TLS	EBIT	6,779,000,000.00	6,792,000,000.00	6,533,000,000.00	5,818,000,000.00
TLS	Interest Revenue	157,000,000.00	86,000,000.00	138,000,000.00	82,000,000.00
TLS	Interest Expense	-846,000,000.00	-796,000,000.00	-729,000,000.00	-631,000,000.00
TLS	Net Interest Expense	-689,000,000.00	-710,000,000.00	-591,000,000.00	-549,000,000.00
TLS	PreTax Profit	6,090,000,000.00	6,082,000,000.00	5,942,000,000.00	5,269,000,000.00
TLS	Tax Expense	-1,787,000,000.00	-1,768,000,000.00	-1,910,000,000.00	-1,573,000,000.00
TLS	Net Profit after Tax Before Abnormals	4,303,000,000.00	4,314,000,000.00	4,032,000,000.00	3,696,000,000.00
TLS	Abnormals	-17,000,000.00	-482,000,000.00	-295,000,000.00	-167,000,000.00
TLS	Abnormals Tax	0.00	0.00	137,000,000.00	0.00
TLS	Net Abnormals	-17,000,000.00	-482,000,000.00	-158,000,000.00	-167,000,000.00
TLS	Reported NPAT After Abnormals	4,305,000,000.00	5,849,000,000.00	3,874,000,000.00	3,529,000,000.00
TLS	Outside Equity Interests	-74,000,000.00	-69,000,000.00	17,000,000.00	34,000,000.00
TLS	Shares Outstanding at Period End	12,225,655,836.00	12,225,655,836.00	11,893,297,855.00	11,893,297,855.00
TLS	Weighted Average Number of Shares	12,264,000,000.00	12,202,000,000.00	11,968,000,000.00	11,877,000,000.00
TLS	EPS Adjusted (cents/share)	34.48	34.75	33.83	31.41
TLS	EPS After Abnormals (cents/share)	34.50	47.32	32.51	30.00