中级财务会计Topic-4---Financial-Ratio-Analysis.ppt

财务管理专业英语 Topic 4 Financial Ratio Analysis Chapter Structure Financial Ratio Analysis -Liquidity Ratios -Debt Management Ratios -Asset Management Ratios -Profitability Ratios -Market Value Ratios Uses and Limitations of Financial Ratio Analysis Financial Ratio Analysis in summary Y different stakeholders need to know financial ratio analysis? Lender Rating agency Other investor Regulators Managers Analyzing financial ratios First, Second, Third , Finally, Liquidity Ratios Current ratio Quick ratio Cash ratio Current ratio The current ratio is a financial ratio that measures whether or not a firm has enough resources to pay its debts over the next 12 months. It compares a firms current assets to its current liabilities. It is expressed as follows: 流动比率是一个财务比率衡量在接下来的12个月企业是否有足够的资源来支付其债务，是公司的流动资产比流动负债。它是表示如下： For example, if WXY Companys current assets are $50,000,000 and its current liabilities are $40,000,000, then its current ratio would be $50,000,000 divided by $40,000,000, which equals 1.25. It means that for every dollar the company owes in the short term it has $1.25 available in assets that can be converted to cash in the short term. A current ratio of assets to liabilities of 2:1 is usually considered to be acceptable (i.e., your current assets are twice your current liabilities).[1] 例如，如果再公司目前的资产是50 000 000和流动负债是40 000 000，那么它的流动比率于1.25。这意味着公司欠的每美元在短期内有1.25美元的资产，可以转换为现金的短期。目前的资产负债率为2 : 1通常被认为是可以接受的（即，您的流动资产流动负债的两倍） The current ratio is an indication of a firms market liquidity and ability to meet creditors demands. Acceptable current ratios vary from industry to industry. If a companys current ratio is in this range, then it is generally considered to have good short-term financial strength. If current liabilities exceed current assets (the current ratio is below 1), then the company may have problems meeting its shor