LIQUDITY RATIO

1. Current Ratio = Current Assets / Current Liabilities

Evaluates the ability of a company to pay short-term obligations using current assets
(cash, marketable securities, current receivables, inventory, and prepayments).
2014 2013
= 8,526 / 54,060 = 10,033 / 18,338

= 0.35 or 35 % = 0.547 or 55 %

2. Acid Test Ratio = Quick Assets / Current Liabilities

Also known as "quick ratio", it measures the ability of a company to pay short-term
obligations using the more liquid types of current assets or "quick assets" (cash,
marketable securities, and current receivables).
2014 2013
= ( 3,964 +1863 ) / 24061 = (6,056 + 166 + 1,818) +
18,338
= 0.24 or 24 % = 0.44 or 44%

LEVERAGE RATIO

1. Debt-Equity Ratio = Total Liabilities / Total Equity

Evaluates the capital structure of a company. A D/E ratio of more than 1 implies that the
company is a leveraged firm; less than 1 implies that it is a conservative one.

= 33,850 / 21,539
2014 =2013
29,408 / 21,082
= 1.57 = 1.39

2. Net Debt to Equity Ratio = (Total Debt Cash ) / Total Equity

It uses the book value of equity, not market value as it indicates what proportion of
equity and debt the company has been using to finance its assets.
2013
= (33,850 - 3,964) / 21,539
2014 = (29,406 - 6056) / 21802
= 1.39 = 1.11
A 3. Asset to Equity Ratio = Total Asset / Total Equity

relativ
Shows the relationship of the total assets of the firm to the portion owned by
ely
shareholders. This ratio is an indicator of the companys leverage (debt) used to finance
high 2014 2013
the firm.
ratio = 8,526 / 54,060 = 10,033 / 18,338
(indica = 0.547 or 55 %
ting = 0.35 or 35 %

T 4. Interest Coverage Ratio = Earnings Before Income Tax / Interest Expense

h
e Used to determine
2014how easily a company can pay interest expenses on outstanding
debt. 2013
l
o = 4,157 / 1,013 = 2,404 / 866
w
= 4.10 = 2.78
e

PROFITABILITY RATIO

1. Return on Assets = Net Income / Average Total Assets

In financial analysis,
2014it is the measure of the return on investment. ROA is used in evaluating
management's efficiency in using assets to generate income.
2013
= 853,498,216 / = 511,946,229 /
[(76,000,000+67,000,000) / 2]
[(76,000,000+67,000,000) / 2]

= 0.01 or 1% = 0.007 or 1%

2. Return on Stockholders' Equity = Net Income / Average Stockholders' Equity

2014
Measures the percentage of income derived for every dollar of owners' equity.
2013
= 853 / = 512 /
[(21,539 + 21,082) / 2] [(21,539 + 21,082) / 2]
= 0.02 or 2%
0.04 or 4%