悉尼论文代写

英国金士顿大学论文代写:盈利比率

英国金士顿大学论文代写:盈利比率

以上比率主要分为流动性、偿债能力、盈利能力和覆盖率四个部分。流动性部分存在流动比率和速动比率。这些比率应在1以上。然而,对于两家公司和比率如下。因此,两家公司都需要增加其短期流动性。企业需要增加短期资产,使其流动性提高,不面临任何短期流动性问题。

其次是偿付能力比率。债转股、负债率和财务杠杆是本节的三个主要比率。英国电信的债务高于4,这是非常高的,而沃达丰低于1。

因此,根据债务比率沃达丰是在一个更好的位置相比,英国电信。这是由于这样的事实,该公司投入了大量的资本支出在过去几个季度,这导致公司的债务增加(Palepu希利,2008)。

下一组比率是盈利比率。英国电信运营利润率高且净利润率高,资产回报率也较好,且资本回报率也较高。英国电信的盈利率优于沃达丰。BT的资本回报是巨大的,从而为股东提供了良好的回报。在盈利率方面,英国电信优于沃达丰。最后比率是覆盖率。利率覆盖率通知企业能否支付利息支付的帮助下经营利润。因此,如果比例超过1,那么企业能够支付利息(赫尔福特,2001)。

因此,看英国电信的比例似乎更有利的投资。比率的三个部分几乎相同,但是,对于盈利能力的比率为英国电信优于沃达丰(英国电信,2013)。

英国金士顿大学论文代写:盈利比率

The above ratios are divided into four sections mainly liquidity, solvency, profitability and coverage ratios. In the liquidity section, there is current ratio and quick ratio. These ratios should be above 1. However, for both the firms and the ratios are below. Hence both the firms need to increase their short term liquidity. Firms need to increase the short term assets so that their liquidity improves and they do not face any short term liquidity issues.

Next are the solvency ratios. Debt to equity, debt ratio and the financial leverage are the three main ratios under this section. Debt to equity for British Telecom is above 4 which are very high whereas for the Vodafone it is below 1.

Thus according to the debt ratios Vodafone is in a better position as compared to the British Telecom.  This is due to the fact that the firm has invested a lot in the capex over the last few quarters and this has led to increase in the debt for the firm (Palepu & Healy, 2008).

The next set of ratios is the profitability ratios. British Telecom operating margin is high and it as well as net income margin, return on assets is also better and also return on capital is also high. Profitability ratios for British Telecom are better than the Vodafone. BT return on capital is huge and thus provides a good return for the shareholders. In the profitability ratios, British Telecom is better than the Vodafone. Lastly ratios are the coverage ratios. Interest rate coverage ratio informs whether the firm can pay interest payments with the help of the operating profit. Hence if the ratio is more than 1, then the firm is capable of paying the interest payments (Helfert, 2001).

As a result, looking at the ratios British Telecom seems more favourable for the investment. Ratios for the three sections are almost same; however, for the profitability the ratios for the British Telecom are better than the Vodafone (British Telecom, 2013).