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Career Success

In: Business and Management

Submitted By seharandleeb
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ANALYSIS OF FINANCIAL STATEMENTS
SUBMITTED TO: SIR NOUMAN SHAFI
SUBMITTED BY: ANUM HABIB
M.B.A - 3

Financial analysis of ABC & CO. :-
The ABC & CO is following a different trend as compared to that of the industry. The companies liquidity ratio is decreasing while that of industry is increasing. The liquidity ratio of the company is not in critical position but still it has decreased from the 1992-1993. The company is not in a comfortable position to pay off immediate liabilities. The operating cycle of the company is not revolving smoothly. Activity ratio is also indicating downward trend. Average collection period has increased. Inventory turnover, fixed asset turnover and total asset turnover has decreased. This indicates that company is getting its cash late. As a result income has decreased . there are dangerous signs when it comes to debt ratio. Currently the company has more financing from debt than from the equity. Creditors will not feel easy in this situation as increase in debt financing also increases their risk factor. On one hand debt has increased while on the other hand the companies ability to pay interest has decreased. Company is sailing in dangerous waters as it is too much dependent on debt financing. The profitabilty ratios has also decreased. Profit margin on sales , return on total asset and return on common equity all these are decreasing. This is due to decrease in income, and this income has decreased because the company is not receiving its cash payments as quickly as it should hd received. Due to allarming signs of ABC & CO. has fallen down in the stock market and consequently the price to earning ratio and book value per share has received a negative effect. As debt is dependent upon profit and debt is increasing and profit is decreasing the company will not be able to meet its debt.. thats why times interest earned

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