公司金融复习公式

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1、公司金融复习第二章：财务报表、税收和现金表Thebalancesheet(资产负债表)Assets=Liabilities+shareholders’equityAssets:currentassets;fixedassetsCurrentassets:cash;accountsreceivable;inventoryLiabilities:currentliabilities;long-termdebtCurrentLiabilities:Accountspayable;NotespayableOwners’equ

2、ity:commonstockandpaid-insurplus;retainedearningsTheincomestatement(损益表)Revenues–expenses=incomeEBIT=netsales–costofgoodssold–depreciationTaxableincome=EBIT–interestpaidNetincome=taxableincome–taxes=dividends+additiontoretainedearningsEarningspershare=netincome

3、/totalsharesoutstandingDividendspershare=totaldividends/totalsharesoutstandingAverageversusMarginalTaxRates(平均税率和边际税率)Averagetaxrate=totaltaxespaid/totaltaxableincomeMarginaltaxrate:theamountoftaxpayableonthenextdollarearnedCashflow(现金流量)NWC=currentassets-curre

4、ntliabilitiesCashflowfromassets=cashflowtocreditors+cashflowtostockholdersCashflowfromassets=operatingcashflow-netinvestmentinfixedassets-changeinNWCoperatingcashflow=EBIT+depreciation-taxesnetinvestmentinfixedasset=endingnetfixedassets-beginningnetfixedassets+

5、depreciationchangeinNWC=endingNWC–beginningNWCcashflowtocreditors=interestingpaid–netnewborrowingcashflowtostockholders=dividendspaid–netnewequityraised第三章：与财务报表相关的工作Standardizedfinancialstatements(标准化的财务报表)Common-SizeBalancesheets(共同比报表)：用百分比代替具体金额的报表Common-Si

6、zeIncomesheets(共同比损益表)：同上Ratioanalysis(比率分析)短期偿债能力比率Currentratio=currentassets/currentliabilities（流动比率）Quickratio=(currentassets-inventory)/currentliabilities(速动比率)Cashratio=cash/currentliabilities长期偿债能力比率Totaldebtratio=(totalassets–totalequity)/totalassetsDebt

7、-equityratio=totaldebt/totalequityEquitymultiplier=totalassets/totalequityTimesinterestearned=EBIT/interest精选范本,供参考！Cashcoverageratio=(EBIT+depreciation)/interest资产管理比率或周转率Inventoryturnover=costofgoodsold/inventoryDays’salesininventory=365days/inventoryturnover

8、Receivablesturnover=sales/accountsreceivableDays’salesinreceivable=365day/receivableturnoverTotalassetturnover=sales/totalassetsCapitalintensity=totalassets/sales获利能力比率Profi