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Labour Law

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cf Capital Structure Ratios * Debt Equity Ratio : It indicates the relationship between the external equities or outsiders funds and the internal equities or shareholders funds. It is determined to ascertain soundness of the long term financial policies of the company.

Significance : Debt to equity ratio indicates the proportionate claims of owners and the outsiders against the firm's assets. The purpose is to get an idea of the cushion available to outsiders on the liquidation of the firm. The owners want to do the business with maximum of outsider's funds in order to take lesser risk of their investment and to increase their earnings (per share) by paying a lower fixed rate of interest to outsiders. The outsiders creditors) on the other hand, want that shareholders (owners) should invest and risk their share of proportionate investments. Theoretically if the owners interests are greater than that of creditors, the financial position is highly solvent.

Kilburn Chemicals Ltd. | 2011 | 2010 | 2009 | Debt – Equity Ratio | 1.07 | 1.40 | 1.36 |

Analysis: The company sees a fall in the debt equity ratio for the period 2010-2011. This is because we have transferred a substantial part of profits into reserves, which comprises the shareholders' funds as reserves and surplus. In the period 2009-2010, as we have taken large amounts of loans hence the ratio rises. * Debt Asset Ratio : A ratio that indicates what proportion of debt a company has relative to its assets. The measure gives an idea to the leverage of the company along with the potential risks the company faces in terms of its debt-load. It measure the extent to which the firm's funds support the firm's assets.

Significance: A debt ratio of greater than 1 indicates that a company has more debt than assets, meanwhile, a debt ratio of less than 1 indicates that a

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