Professional Documents
Culture Documents
ACTIVO
Caja & Bcos.
Cuentas por Cobrar
Bienes de Cambio
PASIVO
5 C&B Proveedores
10 CC Impuestos a pagar
15 BC Deudas Financ. a C. P.
30
AC
20
AF
50
AT
20 Prv
5 Imap
2 DFcp
27
6 DFlp
Total Pasivo
33
PT
Patrimonio neto
17
50 PT+PN = AT
100 V
-40 CV (Se asume CV = compras)
60 Cmg
-52 CF
8 BAIT
-1
Tasa de inters
12.5%
28.6%
7 BAT
2
intereses e impuestos
5 BDT
Dividendos
Dividendos %
2 Div
40% Div%
PC
1-
C&B+CC+BC-Prv-Imap
$5
AC - PC
$3
DFcp
Prv+Imap
2 (1.2)+(1.3) = (1.1)
25
2-
Ratios de Liquidez
2.1- Liquidez
2.2- Liquidez seca
2.3- Capitalizacin corriente
AC / PC
1.11
(C&B + CC) / PC
0.56
FM / DFcp
1.50
3-
Ratios de Actividad
(C&B / V) x 365
18 das
19 das
(CC / V) x 365
37 das
(BC / V) x 365
55 das
137 das
(Prv / V) x 365
73 das
183 das
(Imap / V) x 365
18 das
(NOF / V) x 365
18 das
18 das
4-
Ratios de Endeudamiento
PT / AT
0.66
DFcp + DFlp
DFcp + DFlp + S
25
(DFcp + DFlp) / C
0.32
B/S
0.47
DFlp / AF
0.30
BAIT / F
8.0 veces
5-
Ratios de Rentabilidad
BAIT / C
32.0%
[BAIT x (1-t)] / C
22.8%
BDT / S
29.4%
(F / B)
12.5%
(F / B) x (1-t)
8.9%
RE - idt
13.9%
RE + [(RE - idt) x B / S]
29.4%
(BAIT / V) x (V / C)
(BAIT / V)
x (V / C)
32.0%
8%
4.0 veces
6-
Ratios de Apalancamiento
Cmg / BAIT
7.5
Cmg / (BAIT - F)
12.0
ROE / RE
1.29
7-
Ratios de Crecimiento
ROE x (1-Div%)
17.6%
1-
C&B+CC+BC-Prv-Imap
AC - PC
DFcp
2 (1.2)+(1.3) = (1.1)
Prv+Imap
Ratios de Liquidez
2.1- Liquidez
2.2- Liquidez seca
2.3- Capitalizacin corriente
3-
25
AC / PC
1.11
(C&B + CC) / PC
0.56
FM / DFcp
1.50
Ratios de Actividad
(C&B / V) x 365
18 das
19 das
(CC / V) x 365
37 das
(BC / V) x 365
55 das
137 das
(Prv / V) x 365
73 das
183 das
(Imap / V) x 365
18 das
(NOF / V) x 365
18 das
18 das
4-
Ratios de Endeudamiento
PT / AT
0.66
DFcp + DFlp
DFcp + DFlp + S
25
(DFcp + DFlp) / C
0.32
B/S
0.47
DFlp / AF
0.30
BAIT / F
8.0 veces
Ratios de Rentabilidad
BAIT / C
32.0%
[BAIT x (1-t)] / C
22.8%
BDT / S
29.4%
(F / B)
12.5%
(F / B) x (1-t)
8.9%
RE - idt
13.9%
RE + [(RE - idt) x B / S]
29.4%
(BAIT / V) x (V / C)
(BAIT / V)
x (V / C)
32.0%
Ratios de Apalancamiento
4.0 veces
Cmg / BAIT
7.5
Cmg / (BAIT - F)
12.0
ROE / RE
1.29
ROE x (1-Div%)
17.6%
Ratios de Crecimiento