Bank of Montreal BMO 2023 Earnings Coverage Ratio (6028V)
04 Décembre 2023 - 3:14PM
UK Regulatory
TIDM0UKH
RNS Number : 6028V
Bank of Montreal
04 December 2023
BANK OF MONTREAL
EXHIBIT TO FINANCIAL STATEMENTS FOR THE YEAR ENDED
OCTOBER 31, 2023
EARNINGS COVERAGE RATIO
The following consolidated financial ratios for the Bank, are
calculated for the 12 months ended October 31, 2023 and October 31,
2022 .
12 Months 12 Months
Ended October Ended October
31, 2023 31, 2022
Actual Actual
Interest coverage
on subordinated
indebtedness 14.61 times 79.95 t imes
In calculating the interest coverage ratios, foreign currency
amounts have been converted to Canadian dollars using rates of
exchange as at the end of each month. For the 12 month period
ending October 31, 2023 and October 31, 2022 the average monthly
exchange rates were $1.3492 per US$1.00 and $1.2918 per US$1.00,
respectively.
The Bank's earnings before interest on subordinated indebtedness
and income tax for the 12 months ended October 31, 2023 were
$6,281.28 million, which is 14.61 times the Bank's aggregate
interest on subordinated indebtedness requirement for this period.
The Bank's earnings before interest on subordinated indebtedness
and income tax for the 12 months ended October 31, 2022 were
$18,111.58 million, which is 79.95 times the Bank's aggregate
interest on subordinated indebtedness requirement for this
period.
The amounts and ratios reported above are derived from
information in the consolidated financial statements for the year
ended October 31, 2023.
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