Long Term Solvency Analysis:
1. Times Interest Earned =Recurring Earning, Excluding Interest Expenses, Tax expense, Equity Earnings and Minority Earnings / Interest Expense, Including Capitalized Interest
|
Year |
Calculation |
Times Interest Earned |
|
2010 |
(73925853)+39841438+81559136/81559136 |
0.58 |
|
2009 |
12449992+6660853+109378796/109378796 |
0.169 |
|
2008 |
(44547812)+59479213+92078158/92078158 |
1.162 |
|
2007 |
(147748621)+10515658+59426579/59426579 |
(1.309) |
|
2006 |
8141611+28798020+51801936/51801936+19395767 |
1.246 |
2. Fixed Charge Coverage= Recurring Earnings, excluding Interest Expense, Tax expense Equity earnings and minority earnings + interest portion of Rentals/Interest expense including Capitalized interest + Interest portion of rentals
|
Year |
Calculation |
Fixed Charge Coverage |
|
2010 |
47474721+272613/81559136+272613 |
0.58 |
|
2009 |
128489641+687699/109378796+687699 |
1.17 |
|
2008 |
107009559+985789/92078158+985789 |
1.160 |
|
2007 |
(77806384)+1423773/59426579+1423773 |
(1.26) |
|
2006 |
88741567+1296222/51801936+19395767+1296222 |
1.242 |
3. Debt Ratio = Total Liabilities/ Total Assets
|
Year |
Calculation |
Debt Ratio |
|
2010 |
1477985214/2076456256 |
71 |
|
2009 |
1317512493/1989909388 |
66 |
|
2008 |
1564958454/2142251957 |
73 |
|
2007 |
1237565608/1859406923 |
67 |
|
2006 |
926733773/1696323709 |
55 |
4. Debt /Equity Ratio =Total liabilities/ Shareholders’ equity
|
Year |
Calculation |
Debt /Equity Ratio |
|
2010 |
1477985214/598471042 |
247 |
|
2009 |
1317512493/672396895 |
196 |
|
2008 |
1564958454/577293503 |
271 |
|
2007 |
1237565608/621841315 |
199 |
|
2006 |
926733773/769589936 |
120 |
5. Debt /tangible met worth ratio=total liabilities /stockholders equity-intangible assets
|
Year |
Calculation |
Debt /tangible met worth ratio |
|
2010 |
1477985214/598471042 |
247 |
|
2009 |
1317512493/672396895 |
196 |
|
2008 |
1564958454/577293503 |
271 |
|
2007 |
1237565608/621841315 |
199 |
|
2006 |
926733773/769589936 |
120 |
