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Fixed Charges

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Costs that do not vary with changes in output and would continue even if a firm produced no output at all, such as most management expenses, interests on bonded debt, depreciation, property taxes, and other irreducible overhead.



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Even those who own non-branded computers, that give warranties for limited periods, need not opt for fixed charges repair services during the warranty period, and for at least a year after that.
Fitch has analyzed FR's earnings relative to fixed charges on a risk-adjusted basis, as well.
Although the transaction will moderately increase debt leverage once the TOPrS are redeemed, Standard & Poor's views this tradeoff favorably given the company's reduced cost of funds and modest net reduction in fixed charges.
 
 
 
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