图表文字分析

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1、200920102011Currentassets936174895676878801CurrentLiabilities793520743807724034Currentratio1.181.201.21Itisaratioofthecurrentassetstothecurrentliabilities,currentassentintheshort-termdebtdueforpaymentattherealizationofthecapacityofcurrentliabilities.Fromabovechart.thecurrentassetsdecrease.

2、thesamecurrentliabilitiesdecrease.butthechangerangeisnotobvious.sowecanseethecurrentratioisrelativelyaverage.therefor.wecanknowcompany'scurrentassetsandcurrentliabilitiesisaveragedecrease.200920102011Totalliabilitics983148944672923952Totalassets1027255991574970546Debtratio(%)95.7195.2795.2

3、0Thedebtratioshowstheproportionofthecompany'sassentsfinancedwithdebt.wecanseeinthechart,Thehighertheratio,thegreaterriskwillbeassociatedwiththefirm'soperation.Inaddition,highdebttoassetsratiomayindicatelowborrowingcapacityofafirm,whichinturnwilllowerthefirm'sfinancialflexibility.Likeallfin

4、ancialratios,acompany'sdebtratioshouldbecomparedwiththeirindustryaverageorothercompetingfirms.theratioisgreaterthan0.5,mostofthecompanysCompanieswithhighdebt/assetratiosaresaidtobeHhighlyleveraged/1nothighlyliquidasstatedabove.Acompanywithahighdebtratio(highlyleveraged)couldbeindangerifcre

5、ditorsstarttodemandrepaymentofdebt.Inthechartjtisgreaterthan0.5,sothecompany'sassetsarefinancedthroughdebt.200920102011Capitai&reserves441074690246594Totalassets1027255991574970546Equityratio0.040.050.05Theequityratioisafinancialratioindicatingtherelativeproportionofequityusedtofinanceacom

6、pany'sassets.Thetwocomponentsareoftentakenfromthefimfsbalancesheetorstatementoffinancialposition(so-calledbookvalue),buttheratiomayalsobecalculatedusingmarketvaluesforboth,ifthecompany'sequitiesarepubliclytraded.Alowequityratiowillproducegoodresultsforstockholdersaslongasthecompanyearnsara

7、teofreturnonassetsthatisgreaterthantheinterestratepaidtocreditors.Inourchart,wecanfind,theequityratioislow.fortheshareholderjtisbenefiting.TheCapital&reservesandTotalassetsdecreasetogether.theequityratiosoaverage.200920102011Totalliabilities983148944672923952C