Analysis - Fundamental Analysis Flashcards
Current ratio
= CA/CL
Acid test ratio
= (CA-INV)/CL
AR Turnover
= Annual sales / year end AR
AR Days
= 360/turnover ratio
Inv Turnover
= annual COGS/year end INV
Inv days
= 360/turnover ratio
Tangible asset value =
= total assets - intangibles
Bond ratio =
= LT debt / total long term capital
Long term capital includes _____
stockholder’s equity
Preferred stock ratio =
= preferred stock / total LT capital
Common stock ratio =
= (Capital at par + capital in excess of par + retained earnings)/total LT capital
Book value per common share
= (common equity - intangibles) / # common shares outstanding
Net tangible asset value per bond =
= (tangible assets - CL) / # of $1,000 par bonds outstanding
Bond interest coverage =
= total operating and non-operating income / bond interest expense
ROA =
= net income / total tangible assets
