The times interest earned ratio has shown that a firm's ability to make partial interest payment.
Time interest earned ratio increased slightly in the year 2015 because operating profit increased while interest expenses declined from the year 2014 due to the company had refinance of long term loans by new sources of funding had interest rate decreased, that could use to cover interest expenses in the year 2015.
Time Interest earned ratio in 2016 is expected that will be increased from 2015.