Microsoft Word 2 Essays

Submitted By 739620192QqCom
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Pages: 3

China nonferrous metal construction co., LTD. (English abbreviation NFC, hereinafter referred to as: medium shares, stock code: 000758) in 1983 by the state council approved the establishment, mainly engaged in international project contracting and nonferrous metal mineral resources development. On April 16, 1997 in assets reorganization, stripping assets restructuring form at stake, and listed on the Shenzhen stock exchange.

Financial Ratio Analysis

12.31.2009
12.31.2008
12.31.2007
Current ratio
1.54
0.95
0.53
Quick ratio
0.99
0.67
0.37
Asset-liability ratio
0.24
0.27
0.42
The multiple of interest safeguard
14.41
8.59
6
Accounts receivable turnover
20.05
48.66
45.07
Inventory turnover
11.61
22.38
18.12
Total asset turnover
1.41
1.09
0.89
Return on assets (%)
0.14
0.16
0.12
Sales gross profit margin
0.21
0.22
0.24
Sales net interest rates
0.12
0.14
0.13
Return on equity
0.18
0.21
0.20

Current ratio:
2007=22766887.72/42703919.04=0.53
2008=25916405.69/27223982.95=0.95
2009=1.54
Quick ratio: 2007=(22766887.72-6845721.34)/42703919.04=0.37 2008=(25916405.69-7714542.50)/27223982.95=0.67 2009=0.994
(Data From www.baidu.com)

2008 compare with2009
%
2009compare with 2008
%
Current assets
383378047.26
9.62
293415176.38
6.72
Fixed assets
-73984612.87
-5.83
659535120.82
55.22
Total assets
635381749.64
8.00
773248957.59
9.02 liabilities 632858797.28
13.74
311238842.83
5.94
Shareholders' equity
2522952.36
0.08
462010114.76
13.88
From www.baiduresouce.com and www.wenku.com

(1) liquidity ratio

The company's current ratio of 1.12 07, 08 1.04, 09 is 1.12, is relatively stable, relatively is 08 slightly reduced.1 yuan of about 1.12 yuan assets as a guarantee of debt, that enterprise's short-term debt paying ability is relatively stable.

(2) the quick ratio

The company's quick ratio is 0.89, 07, 08 0.81, 09 is 0.86, relatively speaking, there is no big fluctuations, is only slightly declining.Each $1 of current liabilities is only 0.86 yuan of assets as a guarantee, it is absolutely not enough, this indicates that the enterprise's short-term debt paying ability is weak.

(3) cash ratio

The company's cash ratio is 0.35, 07, 08 0.33, 09 is 0.38, can be seen from these data, the company's cash pay ability is stronger, and a rising trend year by year, but still low, the relative abundance of illustrates one yuan current liabilities is 0.38 yuan cash assets as a repayment guarantee, the short-term solvency can still.

(3) capital structure analysis

(1) the asset-liability ratio

The rate of assets and liabilities of the business 7 years is 58.92%, 08 09 is 61.14%). 59.42%.Can be seen from these data, the rate of assets and liabilities of the company showed a trend of rising year by year, but is steady in the fall, suggests that the enterprises began to adjust its capital structure, in order to reduce the debt of the enterprise risk, the higher asset-liability ratio, explain…