Professional Documents
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Lower in 2006 29
Increased during 2007 30
Trend analysis
Meezan Bank Limited
For the years 2007, 2008 & 2009
Performance Area 2007 2008 2009
a) Liquidity Ratios
Current Ratio 3 1 1
Sales to Working Capital 2 3 3
Working Capital 5,765,811 2,043,171 3,930,264
b) Leverage Ratios
Time Interest Earned 1.52 1.32 1.35
Fixed Charges Coverage 1.52 1.32 1.35
Debt Ratio 0.92 0.93 0.93
Debt to Equity 10.77 13.27 12.52
Current Worth / Net worth 1.01 0.34 0.43
Total Capitalization Ratio 0.91 0.93 0.92
Fixed Asset to Equity 10.13 13.08 12.03
Long term Assets to Long term 1.00 1.05 1.05
Debt
Debt Coverage Ratio 0.06 0.05 0.06
c) Profitability Ratios
Gross profit Ratio 46.39 54.60 50.80
Return on Assets 1.70 0.81 0.98
DuPont Return on Assets 1.43 0.73 0.83
Operating Income 81.36 59.98 66.42
Operating Assets Turn Over 227.53 132.13 159.02
Return on Operating Assets 9.26 6.91 6.38
Sale to Fixed Assets 0.08 0.09 0.09
Return on Total Equity 16.84 9.80 11.28
Net Profit Margin 21.07 9.13 10.15
d) Activity Ratios:
Total Asset Turnover 0.07 0.09 0.09
e) Market Ratios:
Dividend per Share. 1.25 4.48 2.88
Earning per Share. 1.96 1.22 1.71
Price/ Earning Ratio. 15.12 17.60 9.20
Dividend Payout Ratio 0.64 3.67 1.68
Dividend Yield Ratio 1.25 4.48 2.88
Book Value Per Share. 1.51 1.29 1.37
f) Statement of cash flow
Operating Cash flow/ Total Debt 0.12 0.04 0.12
Operating Cash Flow per Share 15.15 6.52 23.31
2009
Trend
Lower liquidity in
Increase in
Lower liquidity in 2008
Lower in 2006
Increased during 2007