21. To calculate an entity s debt coverage ratio, you first need to determine the entity s net operating income . 22. This can be done using revenue multipliers or capitalization rates applied to a Net Operating Income ( NOI ). 23. Alternatively, multiple years of net operating income can be valued by a discounted cash flow analysis ( DCF ) model. 24. Given that this was a period of high gas prices, they projected about $ 45 billion in net operating income . 25. Net operating income is expected to be about $ 114 million, up from $ 68 . 7 million in 1996.26. Excluding special items, the first half's net operating income rose 44 percent to $ 431 million from $ 299 million. 27. Net operating income for the country's stock of office buildings rose 1 percent last year, the first gain since 1989.28. Excluding the results from Fairchild, National said it had a net operating income of $ 61.9 million ( 41 cents ). 29. Meanwhile, Kindred's contribution to net operating income by early 2014 was reduced to 12 percent from nearly 100 percent 15 years earlier. 30. Not counting those one-time gains and expenses, the company had net operating income of dlrs 4.5 million, or 8 cents a share.
