An analyst has gathered the following information about a company:
| Canadian Dollars (millions) | |
| Cash flow from operating activities (CFO) | $105.9 |
| Cash flow from investina activities | （11.8） |
| Cash flow from financina activities | 46.5 |
| et chanae in cash for the year | $140.6 |
| nterest paid (included in CFO) | 22.4 |
| Taxes paid (tax rate of 30%) | 18.0 |
| Total debt, end of year | $512.8 |
The cash flow debt coverage ratio for the year is closest to:
Cash flow debt coverage ratio = CF0 /Total debt = 105.9/512.8 = 20.6%.