Hoja1

Current assets1991199219911992IndustryCash and banks73881.61509.51.6Current RatioAccounts receivaNe654.757968.40713%10%14%Cash RatioStocks220.319258.92247%59%73%Indebtness RatioTotal current assets 9481,315,50652%81%90%Quality of debtFixed assets1.10.60.37Equity / debtTangibe fixed assets 258.388371.172.02.92.7Leverage RatioDeprecabe expenses58.19665.06112.4810.6211.7Stock TurnoverTotal assets1264.5131751.7375%5%5%ROACunent liabilities8%6%27.4ROETax payaNe8.0846.676Accounts payable 436.442519.927Sho.tterm debt 134.72344.88Total current liabdities579.246871Long-term debt257.98427.56Sharetiolders equityShare capItal110110Reserves284.873317.287Retained eamlngs32.41425.427Total liabilities and equity1.264.5131.751.737LiquidityCurrent (current assets/current liabilities)1.6Acid-test (cash & banks + AR/current liabtlities)0.87Cash (cash & banks/current liabilities)0.14Days of cash (over total expenses) naSolvencyTotal ndebtedness (total debtltotal habilities)0.73Quality of debt (short-term debtllong-term debt)0.9Equity/debt0.37Leverage (total liabilities/equity)2.7ManagementStock turnover11.7Customer turnover5.18Supplier turnover4.86Stock days (year of 360 days)31Collection period (year of 360 days)69Payment period (year of 360 days)74Gross margin (gross margin/sa(es)18.09Net margin (EBIT/sales)2.07EBIT/total assets (ROA)5.27EBT/equity (ROE)27.4Cash flow/sales0.04Other data (in million ptas.)Working capital239Breakeven2.776

Hoja2LiquidityCurrent (current assets/current liabilities)1.6Acid-test (cash & banks + AR/current liabtlities)0.87Cash (cash & banks/current liabilities)0.14Days of cash (over total expenses) naSolvencyTotal ndebtedness (total debtltotal habilities)0.73Quality of debt (short-term debtllong-term debt)0.9Equity/debt0.37Leverage (total liabilities/equity)2.7ManagementStock turnover11.7Customer turnover5.18Supplier turnover4.86Stock days (year of 360 days)31Collection period (year of 360 days)69Payment period (year of 360 days)74Gross margin (gross margin/sa(es)18.09Net margin (EBIT/sales)2.07EBIT/total assets (ROA)5.27EBT/equity (ROE)27.4Cash flow/sales0.04Other data (in million ptas.)Working capital239Breakeven2.776

Hoja3