Financial Ratio Calculator

(Complete the yellow cells only, the spreadsh

Year

Current Liabilities
Inventories
Accounts Receivable
Credit Sales
Cost of Sales
Average Inventory
Sales
Current Assets
Fixed Assets
Total Assets
Total Debt
Total Equity
Earnings before interest and and taxes (EBIT)
Interest Charges
Lease Payments
Before Tax Sinking Fund
Preferred Stock Dividends before tax
Earnings after taxes (EAT)
Stockholder's Equity
Earnings Per Share
Market Price Per Share (Stock Price)
Book Value Per Share
Dividends (Current) Per Share
Expected Dividends Per Share
Ratio

Definition

2006
$23,226
$25,052
$16,671
$102,612
$77,623
$24,570
$102,612
$45,673
$28,847
$74,520
$43,246
$31,274
$10,483
$2,876
$137
$1,820
$91
$4,565
$31,274
$3.51
$21.84
$24.06
$1.96
$1.96
2006

Liquidity
1 Current Ratio
2. Quick Ratio (acid test)
Asset Management

Current assets/
Current liabilities
Current assets - Inventories/
Current liabilities

4. Inventory turnover
Sales/
5. Fixed-asset turnover

59.30
3.16
Fixed

assets
Sales/

6. Total asset turnover

Financial Leverage Management

3.56
Total

assets
Total debt/

7. Debt ratio

1.38
Total

assets
Total debt/

9. Times interest earned

0.89

Accounts receivable/
Credit sales/365
Cost of sales/
Average inventory

3. Average collection period

8. Debt-to-equity

1.97

58.03%
Total

equity
EBIT/
Interest charges

138.28%
3.65

10. Times fixed charges earned

Profitability
11. Gross profit margin
12. Net profit margin
13. Return on investment
14. Return on stockholders' equity
Market-Based
15. Price-to-earnings ratio
16. Market-to-book ratio
Divident Policy
17. Payout ratio
18. Dividend yield

EBIT + Lease payments/

Interest + Lease Payments + Before-tax
sinking fund + Preferred stock
dividends before tax
Sales-Cost of sales/
Sales
Earnings after Taxes (EAT)/
Sales
Earnings after Taxes (EAT)/
Total assets
Earnings after Taxes (EAT)/
Stockholder's equity
Market price per share/
Earnings per share
Market price per share/
Book value per share
Dividends per share/
Earnings per share
Expected Dividend per share/
Market price per share

2.16

24.35%
4.45%
6.13%
14.60%

6.22
0.91

55.70%
8.96%

w cells only, the spreadsheet does the rest)

2007

2008

$25,000
$26,000
$17,000
$105,000
$80,000
$26,000
$105,000
$46,000
$29,000
$80,000
$47,000
$31,500
$11,000
$2,900
$140
$1,850
$96
$4,700
$32,000
$3.60
$22.00
$25.00
$2.02
$2.02

$25,523
$27,530
$18,320
$112,760
$85,300
$27,000
$112,760
$50,190
$31,700
$81,890
$47,523
$34,367
$11,520
$3,160
$150
$2,000
$100
$5,016
$34,367
$3.86
$24.00
$26.44
$2.15
$2.15

2007

2008

Industry Average

1.84

1.97

2.4 times

0.80

0.89

0.92 times

59.10

59.30

47 days

3.08

3.16

3.9 times

3.62

3.56

4.6 times

1.31

1.38

1.82 times

58.75%

58.03%

47 percent

149.21%

138.28%

88.7 percent

3.79

3.65

6.7 times

Assessment (User Input)

2.23

2.16

4.5 times

23.81%

24.35%

25.6 percent

4.48%

4.45%

5.10 percent

5.88%

6.13%

9.28 percent

14.69%

14.60%

17.54 percent

6.11

6.22

8.0 times

0.88

0.91

1.13

56.11%

55.70%

28 percent

9.18%

8.96%

4.2 percent

Trend (User Input)

A
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7
8
9
10
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12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27

FINANCIAL ANALYSIS MODEL

Note: Enter data in Blue-coded cells; Black cells are computer generated
ANALYST'S NAME
NAME OF COMPANY
FIRST CALENDAR YEAR OF DATA
NUMBER OF YEARS OF DATA

INCOME STATEMENT
Sales Revenue
Less: Cost of Goods Sold
Gross Profits
Less: Operating Expenses:
Selling Expense
General / Admin. Exp.
Lease Expense
Depreciation Expense
Total Operating Expenses
Operating Profits
Less: Interest Expense
Net Profits Before Taxes
Less: Taxes
Net Profit After Taxes
Less: Pref. Stock Divds.
Earnings Available for Common
28 Stockholders
29
30
31 BALANCE SHEET
32 Current Assets:
33 Cash
34 Marketable Securities
35 Accounts Receivable
36 Inventories
37 Total Current Assets
38 Gross Fixed Assets (at cost):
39 Land & Buildings
40 Machinery and Equipment
41 Furniture & Fixtures
42 Vehicles
43 Other (Inc. Fin. Leases)
44 Total Gross Fixed Assets
45 Less: Accumulated Depreciation
46 Net Fixed Assets
47 Other Assets
48 Total Assets
49
50 Current Liabilities:
51 Accounts Payable
52 Notes Payable
53 Accruals
54 Taxes Payable
55 Other Current Liabilities
56 Total Current Liabilities
57 L / T Debt (Inc. Financial Leases)
58 Total Liabilities
59 Preferred Stock
60 Common Stock
61 Paid-In Capital In Excess of Par
62 Retained Earnings
63 Total Stockholders' Equity
64 Total Liabs. & Stockhldrs' Equity
65
Reconciliation TA & TL/SE
66 Number of Common Shares
67 End-of-Year Stock Price

Dr. Glenn L. Stevens

Sample Firm
1996
3

1996
$1,500
$1,000
$500

1997
$1,550
$1,030
$520

1998
$1,700
$1,040
$660

$140
$260
$5
$10
$415
$85
$23
$62
$10
$52
$1

$150
$270
$0
$11
$431
$89
$29
$60
$12
$48
$0

$155
$275
$2
$12
$444
$216
$30
$186
$15
$171
$0

$51

$48

$171

$31
$82
$104
$145
$362

$12
$66
$152
$191
$421

$18
$68
$160
$200
$446

$0
$0
$0
$0

$180
$0
$0
$0
$0
$180
$52
$128
$0
$490

$195
$0
$0
$0
$0
$195
$63
$132
$0
$553

$200
$0
$0
$0
$0
$200
$65
$135
$0
$581

$0
$0
$0
$0
$0

$0
$0
$0
$0
$0

$0

$0

$0

$0

1996
$126
$190
$25
$0
$0
$341
$40
$381
$0
$20
$30
$59
$109
$490
$0
500
$3.00

1997
$136
$200
$27
$0
$0
$363
$38
$401
$0
$20
$30
$102
$152
$553
$0
500
$5.00

1998
$150
$140
$28
$0
$0
$318
$13
$331
$0
$20
$30
$200
$250
$581
$0
500
$5.50

$0
$0

$0
$0
=IF($B$8>4,F13-F14," ")

$0
$0
$0
$0

$0
$0
$0
$0
=IF($B$8>4,SUM(F17:F20)," ")
=IF($B$8>4,F15-F21," ")

$0

$0

$0

$0

$0

$0

=IF($B$8>4,F22-F23," ")
=IF($B$8>4,F24-F25," ")

IF($B$8>4,F26-F27," ")

$0
$0
$0
$0
=IF($B$8>4,SUM(F33:F36)," ")

=IF($B$8>4,SUM(F39:F43)," ")
=IF($B$8>4,F44-F45," ")
=IF($B$8>4,F37+F46," ")
=IF($B$8>4,F37+F46," ")
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0

$0

$0

$0
$0
$0
$0

$0
$0
$0
$0

=IF($B$8>4,SUM(F51:F55)," ")
=IF($B$8>4,F56+F57," ")

=IF($B$8>4,SUM(F59:F62)," ")
=IF($B$8>4,F58+F63," ")
=IF($B$8>4,F64-F48," ")
0
$0.00

0
$0.00

A
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116

RATIO ANALYSIS
Current Ratio
Quick Ratio

1.06
0.64

1.16
0.63

1.40
0.77

=IF($B$8>4,F37/F56," ")
=IF($B$8>4,(F37-F36)/F56," ")

6.90
24.96
11.72
3.06

5.39
35.30
11.74
2.80

5.20
33.88
12.59
2.93

=IF($B$8>4,F14/F36," ")
=IF($B$8>4,F35/(F13/360)," ")
=IF($B$8>4,F13/F46," ")
=IF($B$8>4,F13/F48," ")

0.78
0.37
3.70

0.73
0.25
3.07

0.57
0.05
7.20

=IF($B$8>4,F58/F48," ")
=IF($B$8>4,F57/F63," ")
=IF($B$8>4,F22/F23," ")

Gross Profit Margin

Operating Profit Margin
Net Profit Margin

33.33%
5.67%
3.47%

33.55%
5.74%
3.10%

38.82%
12.71%
10.06%

=IF($B$8>4,F15/F13," ")
=IF($B$8>4,F22/F13," ")
=IF($B$8>4,F26/F13," ")

Return on Total Assets (ROA)

Return on Equity (ROE)

10.61%
47.71%

8.68%
31.58%

29.43%
68.40%

=IF($B$8>4,F26/F48," ")
=IF($B$8>4,F26/F63," ")

$0.10

$0.10

$0.34

=IF($B$8>4,F28/F66," ")

Inventory Turnover
Average Collection Period
Fixed Asset Turnover
Total Asset Turnover
Debt Ratio
Debt-to-Equity
Times Interest Earned

Earnings Per Share

Price/Earnings Ratio
DUPONT ANALYSIS
Net Profit AT/Sales
Sales/Total Assets
ROA
Net Profit AT/Total Assets
Total Assets/Stockhldrs. Equity
ROE

STATEMENT OF CASH FLOWS

CASH FLOW FROM OPERATING
ACTIVITIES
Net Profit After Taxes
Depreciation
Decrease in Accts. Receiv.
Decrease in Inventories
Decrease in Other Assets
Increase in Accounts Pay.
Increase in Accruals
Increase in Taxes Payable
Increase in Other Cur. Lia.
Cash Flow from Oper. Act.

CASH FLOW FROM INVESTMENT

117 ACTIVITIES
118 Increase in Gross Fixed Assets
119 Cash Flow from Investments
120
CASH FLOW FROM FINANCING
121 ACTIVITIES
122 Increase in Notes Payable
123 Increase in Long-Term Debt
124 Changes in Stockholders' Equity
125 Preferred Dividends Paid
126 Common Dividends Paid (-)
127 Cash Flow from Financing Activities
128
129 Net Incr. in Cash / Mark. Securities

29.41

52.08

16.08

3.47%
306.12%
10.61%
10.61%
449.54%
47.71%

3.10%
280.29%
8.68%
8.68%
363.82%
31.58%

10.06%
292.60%
29.43%
29.43%
232.40%
68.40%

1996

1997
$48
$11
($48)
($46)
$0
$10
$2
$0
$0
($23)

1998
$171
$12
($8)
($9)
$0
$14
$1
$0
$0
$181

($15)
($15)

($5)
($5)

$10
($2)
$0
$0
($5)
$3

($60)
($25)
$0
$0

($35)

$91

($85)

=IF(AND(F67>0,F89>0),F67/F89," ")

=IF($B$8>4,F26/F13," ")
=IF($B$8>4,F13/F48," ")
=IF($B$8>4,F94*F95," ")
=IF($B$8>4,F26/F48," ")
=IF($B$8>4,F48/F63," ")
=IF($B$8>4,F97*F98," ")