A high growth rate company may have a low times interest earned ratio because it has used debt to finance property, plant and equipment assets that are not yet generating a level of profits expected to materialize in the future.

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A high growth rate company may invest in property, plant and equipment to support their growth, but these assets may not immediately generate a high level of profits. Therefore, the company may have a low times interest earned ratio as they are using debt to finance these assets. However, it is important to monitor the company's ability to generate cash flow to cover their debt obligations in the future.

A High Growth Rate Company May Have a Low Times