Example of Debt Coverage Ratio Formula. An example of the debt coverage ratio would be a company that shows on its income statement an operating income of $200,000. The debt payments for the same period is $35,000. By dividing the $200,000 by $35,000, the company would show a debt coverage ratio of 5.71.
Italy has a parliamentary democratic republic form of government with a multiparty system. There are three branches of power: the executive, the legislative and the judiciary branch.
Italy was a monarchy from its unification in the second half of the 19th century until 1946, when it became a parliamentary republic following a national referendum. On 1st January 1948, it adopted a constitutional charter, which defines the political and civil liberties of citizens and the principles of government. Italy is headed by a President who appoints a Prime Minister, the elected head of government. The seat of government is Rome, where the President resides in the Palazzo del Quirinale, the chamber of deputies sits in the Palazzo Montecitorio and the senate occupies the Palazzo Madama.