Net assets
Non-current assets + current assets – current liabilities – non- current liabilities
Total equity
Share capital + retained profit
Current Ratio
Current Assets ÷ Current Liabilities
Acid Test Ratio
(Current Assets – Inventories/stock) ÷ Current Liabilities
Capital employed
Non-current liabilities + total equity
Gearing
Non-Current Liabilities ÷ Capital Employed X 100
Return on Capital Employed (ROCE)
Operating Profit ÷ Capital Employed X 100
Working Capital
Current Assets – Current Liabilities