The Fixed Charge Cover Ratio (“FCCR”) is very similar to an ICR except that certain fixed expenses are shifted from above the line to below the line. The typical representation is
EBITDAR / (interest + rent)
EBITDAR is just EBITDA before rent (or other fixed charges if necessary). This measure is usually used for bricks-and-mortar retailers and for businesses where its operations are heavily dependent on a particular property that it leases rather than owns.