公司理财公式总结.docx

Assets=Liabilities+Stockholders’EquityAssets=(Current+Fixed)WorkingCapital=CurrentAssets–CurrentLiabilitiesRevenues-Expenses=eSalesorRevenues(-)Costofgoodssold(=)Grossprofit毛利(-)Administrative/marketingcosts行政管理/营销成本,Depreciation折旧(=)OperatingProfit营业利润(-)Interests,Taxes(=)e净收益(-)Dividendstopreferredstocks(=)monshareholdersCashFlowFromAssets(CFFA)=CashFlowtoCreditors+CashFlowtoStockholdersCashFlowFromAssets=CapitalSpending净资本支出–ChangesinNWC净营运资本的变化OCF(I/S)营运现金流=EBIT息税前利润+depreciation–taxes=$547NCS净资本支出(B/SandI/S)=fixedassets–fixedassets+depreciation=$130ChangesinNWC(B/S)=endingNWC–beginningNWC=$330CFFA=547–130–330=$87CFtoCreditors(B/SandI/S)=newborrowing=$24CFtoStockholders(B/SandI/S)=newequityraised=$63CFFA=24+63=$87CurrentRatio流动比率=CA/CL2,256/1,995==(CA–Inventory)/CL(2,256–301)/1,995=.98timesCashRatio现金比率=Cash/CL696/1,995=.35timesNWCtoTotalAssets=NWC/TA(2,256–1,995)/5,394=.05IntervalMeasure区间测量=CA/averagedailyoperatingcosts2,256/((2,006+1,740)/365)==(TA–TE)/TA(5,394–2,556)/5,394=%Debt/Equity资本负债率=TD/TE(5,394–2,556)/2,556==TA/TE=1+D/E1+=-termdebtratio长期债务率=LTD/(LTD+TE)843/(843+2,556)=%TimesInterestEarned利息保障倍數=EBIT息税前利润EarningsBeforeInterestandTax/Interest1,138/7==(EBIT+Depreciation)/Interest(1,138+116)/7==CostofGood