DM Number

DM253001
DM253005
DM253007
DM253025
DM253060
DM253065
DM253082
Group 1
Aakasmik Rajendran
Aditi Agrawal
Ajayshankar A.
Datta Kandarpa Balusu
Ravi Kumar
Saloni Gupta
Varad Angle
 CIPLA

LIQUIDITY RATIOS
2023 2022

CURRENT RATIO Current assets 16805.06 14710.83

Current liabilities 5033.27 4912.87
3.34 2.99

CASH RATIO Cash equivalents+ Marketa 627.63 677.74

Current liabilities 5033.27 4912.87
0.12 0.14

QUICK RATIO Quick assets 11648.63 9360.59

Current liabilities 5033.27 4912.87
2.31 1.91

EFFICIENCY RATIOS

2023 2022

Inventory turnover ratio COGS 8252.28 8496.13

Average Inventory 5156.43 5350.24
1.60 1.59

Receivable Turnover Ratio Net credit sales 22753.12 21763.34

Average account receivab 4057 3424.44
5.61 6.36

Asset Turnover Ratio Net sales 22753.12 21763.34

Average total assets 29463.28 27101.12
0.77 0.80

Accounts Payable Turnover Ratio Total Purchases 2828.66 3687.16

Average accounts payable 2231.14 2332.98
1.27 1.58
PROFITABILITY RATIO
2023 2022

Gross Profit 14500.84 13267.21

Gross Proft Ratio= Gross Profit/Net Sales*100
Net Sales 22753.12 21763.34
% 63.73 60.96

Net profit(PAT) 2832.89 2546.65

Net Profit Ratio= Net Profit(PAT)/ Net Sales*100
 Net Sales 22753.12 21763.34
Net Profit Ratio= Net Profit(PAT)/ Net Sales*100
% 12.45 11.70

EBIT 4147.89 3599.62

Return on capital employed(ROCE)= Capital employed 23407.78 21257.93
EBIT/Capital employed*100 % 17.72 16.93

PAT 2832.89 2546.65

Equity 23407.78 20841.69
Return on equity(ROE)= PAT/ Shareholder's fund*100
% 12.10 12.22

PAT 2832.89 2546.65

Return on total asset=PAT/Total Assets*100 Total Assets 29463.28 27101.12
% 9.61 9.40
SOLVENCY RATIO
2023 2022
Total Liabilities 5749.74 5983.74
Total liabilities/Equity = Total liabilities/Equity Equity 23407.78 20841.69
0.24 0.29
EBIT 4147.89 3599.62
Interest Coverage Ratio= EBIT/Interest expense Interest expense 109.54 106.35
37.87 33.85
Total Debts 916.82 1156.15
DEBT Ratio= Total Debt/ Total Assets Total Assets 29463.28 27101.12
0.03 0.04
 ANALYSIS
2021

13181.03
4591.14 1.Overall, the trend in the current ratio over these three years is positive, with the com
2.87

793.29
4591.14
2.A higher cash ratio indicates a stronger ability to meet short-term obligations with re
0.17

8511.85
4591.14
3.The quick ratio, also known as the acid-test ratio, is a liquidity ratio that measures a c
1.85

2021

7351.89
5350.24
4.The trend in the inventory turnover ratio is positive, with the company's efficiency in
1.37

19159.59
3445.68
5.The trend in the receivable turnover ratio shows some fluctuations. While the ratio d
5.56

19159.59
25151.89
6. The trend in the asset turnover ratio shows some fluctuations, with the highest ratio
0.76

2688.17
1997.49 7.A higher accounts payable turnover ratio indicates that the company is paying its sup
1.35

2021

11807.7
8. It indicates how efficiently a company converts its sales revenue into gross profit. A h
19159.59
61.63

2388.51
9.A higher net profit ratio is generally favorable as it indicates a higher level of profitab
19159.59 9.A higher net profit ratio is generally favorable as it indicates a higher level of profitab
12.47

3450.76 10.The company has consistently been able to generate a return on its capital employe
19529.18
17.67 A stable and healthy ROCE suggests that the company is effectively managing its invest

2388.51
18326.53 11.The trend in the ROE shows some fluctuations, with the highest ratio in 2021 and a
13.03

2388.51
25151.89 12.The trend in the ROTA shows relatively stable and healthy asset utilization over the
9.50

2021
6566.3
18326.53 13.A lower ratio is generally considered more favorable, as it indicates a lower level of
0.36
3450.76
160.7 14. It measures a company's ability to meet its interest obligations on its debt. the tren
21.47
2112.13 15.The trend in the Debt Ratio shows a decreasing trend, with the lowest ratio in 2023.
25151.89
0.08 A lower Debt Ratio is generally viewed positively by investors and creditors, as it indica
these three years is positive, with the company's liquidity position improving each year. This is generally a good sign, as a healt

lity to meet short-term obligations with readily available funds.Overall, the trend in the cash ratio is declining over these three

t ratio, is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its quick assets the trend in th

s positive, with the company's efficiency in managing its inventory improving from 2021 to 2023. A higher inventory turnover ra

shows some fluctuations. While the ratio decreased slightly in 2023 compared to 2022, it remained relatively consistent with th

s some fluctuations, with the highest ratio in 2022 (0.80). A higher asset turnover ratio is generally desirable, as it indicates tha

ndicates that the company is paying its suppliers more quickly. in 2023,the company paid off its suppliers' invoices 1.27 times d

verts its sales revenue into gross profit. A higher gross profit ratio is generally desirable as it suggests that the company is effec

ble as it indicates a higher level of profitability.

ble as it indicates a higher level of profitability.

to generate a return on its capital employed in the range of 16.93% to 17.72%, indicating efficient capital utilization and effectiv

company is effectively managing its investments and generating profits in a competitive manner

tions, with the highest ratio in 2021 and a slight decrease in 2023. While the ROE remains within a reasonable range,A higher R

able and healthy asset utilization over the years. The company has been able to generate a return on its total assets in the rang

e favorable, as it indicates a lower level of financial risk. the Total Liabilities to Equity ratio shows a decreasing trend, with the l

ts interest obligations on its debt. the trend in the Interest Coverage Ratio is positive, with the company consistently demonstr

easing trend, with the lowest ratio in 2023. This suggests that the company has been gradually reducing its financial leverage an

vely by investors and creditors, as it indicates a more conservative approach to financing and lower financial risk.
 nerally a good sign, as a healthy current ratio is important for a company's financial stability and ability to meet its short-term

is declining over these three years, which may raise concerns about the company's ability to cover its short-term liabilities usin

its quick assets the trend in the quick ratio over these three years is positive, with the company's ability to cover its short-term

A higher inventory turnover ratio indicates that the company is selling its products more quickly, which can free up cash, reduce

d relatively consistent with the ratio in 2021. A receivable turnover ratio above 5 indicates that the company is collecting its re

y desirable, as it indicates that the company is efficiently using its assets to generate revenue. A decrease in this ratio could be

uppliers' invoices 1.27 times during the year. This ratio indicates that the company is managing its accounts payable efficiently b

ests that the company is effectively managing its cost of goods sold (COGS) and generating a larger gross profit margin.the tren
 capital utilization and effective operations.

a reasonable range,A higher ROE suggests that the company is effectively utilizing shareholders' equity to generate profits,a de

on its total assets in the range of 9.40% to 9.61%, which indicates that it is efficiently using its assets to generate profits.A stab

a decreasing trend, with the lowest ratio in 2023. This suggests that the company has been gradually reducing its financial leve

mpany consistently demonstrating a strong ability to cover its interest expenses with its operating earnings.

ducing its financial leverage and relying more on equity financing, which can improve its financial stability and reduce the risk a

er financial risk.
ty to meet its short-term financial obligations

s short-term liabilities using its readily available cash and cash equivalents. It suggests that the company might need to manage

ty to cover its short-term liabilities with quick assets improving each year. This is generally a favorable sign, as a higher quick ra

h can free up cash, reduce carrying costs, and potentially lead to higher profitability

ompany is collecting its receivables multiple times a year, which is generally a positive sign.

ease in this ratio could be due to various factors, such as changes in sales strategy, asset management, or industry dynamics, a

ounts payable efficiently but at a slightly slower pace compared to the previous year (1.58 in 2022). A higher turnover ratio in 2

oss profit margin.the trend in the gross profit ratio shows some variations, but it appears that the company has been able to ma
y to generate profits,a declining ROE may indicate that the company is becoming less efficient in generating profits from shareh

to generate profits.A stable and reasonable ROTA suggests that the company is effectively managing its assets and generating p

reducing its financial leverage and relying more on equity financing, which can improve its financial stability and reduce the risk

rnings.

ility and reduce the risk associated with excessive debt.

pany might need to manage its cash flow and liquidity more effectively or explore additional financing options to ensure it can

ble sign, as a higher quick ratio indicates a stronger ability to meet short-term financial obligations without relying on less liqui

ent, or industry dynamics, and should be analyzed in conjunction with other financial metrics to assess the company's overall p

A higher turnover ratio in 2022 indicates more efficient management of accounts payable.

ompany has been able to maintain a relatively stable and healthy gross profit margin over the years.
 nerating profits from shareholders' equity

ng its assets and generating profits efficiently.

stability and reduce the risk associated with excessive debt.

g options to ensure it can meet its short-term financial obligations.

thout relying on less liquid assets like inventory.

s the company's overall performance.

 DR.REDDY'S LABS

LIQUIDITY RATIOS

CURRENT RATIO Current assets

Current liabilities

CASH RATIO Cash equivalents+ Marketa

Current liabilities

QUICK RATIO Quick assets

Current liabilities

EFFICIENCY RATIOS

Inventory turnover ratio COGS

Average Inventory

Receivable Turnover Ratio Net Sales

Average account receivab

Asset Turnover Ratio Net Sales

Average total assets

Accounts Payable Turnover Ratio Total Purchases

Average accounts payable

PROFITABILITY RATIO

Gross Profit
Gross Proft Ratio= Gross Profit/Net Sales*100
Net Sales
%

Net profit(PAT)
Net Profit Ratio= Net Profit(PAT)/ Net Sales*100
 Net Sales
Net Profit Ratio= Net Profit(PAT)/ Net Sales*100
%

EBIT
Capital employed
Return on capital employed(ROCE)= EBIT/Capital employed*100
%

Net profit(PAT)
Equity
Return on equity(ROE)= PAT/ Shareholder's fund*100
%

Net profit(PAT)
Return on total asset=PAT/Total Assets*100 Total Assets
%
SOLVENCY RATIO

Total Liabilities
Total liabilities/Equity = Total liabilities/Equity Equity

EBIT
Interest Coverage Ratio= EBIT/Interest expense Interest expense

Total Debts
DEBT Ratio= Total Debt/ Total Assets Total Assets
 2023 2022 2021 ANALYSIS

204255 177823 145503

85721 97658 81038 1.Overall, the trend in the current ratio shows an improvement in liquidity
2.38 1.82 1.80

5779 14852 14829

85721 97658 81038 2.The trend in the cash ratio shows a decrease in liquidity from 2021 to 20
0.07 0.15 0.18

155585 126939 100091

85721 97658 81038 3.The trend in the quick ratio shows a consistent improvement in liquidity
2.31 1.91 1.85

2023 2022 2021

42198 43124 42958 4.The trend in the inventory turnover ratio shows fluctuations in the spee
48670 50884 45412
0.87 0.85 0.95

234595 205144 184202

5.The trend in the receivable turnover ratio shows a decrease in the speed
72485 66764 49641
3.24 3.07 3.71

234595 205144 184202 6.The trend in the asset turnover ratio shows an improvement in the effic
322851 297469 266168
0.73 0.69 0.69

33670 34837 25736

7.The trend in the accounts payable turnover ratio shows fluctuations in t
22601 22537 17951
1.49 1.55 1.43

2023 2022 2021

170120 141030 129686 8.The trend in the gross profit ratio shows fluctuations in profitability over
246697 215452 190475
68.96 65.46 68.09

45073 21825 19516

9.The trend in the net profit ratio shows fluctuations in profitability over t
 9.The trend in the net profit ratio shows fluctuations in profitability over t
246697 215452 190475
18.27 10.13 10.25

61913 31572 29325

10.The trend in the ROCE shows a substantial improvement in capital effic
232861 195924 180217
26.59 16.11 16.27

45073 21825 19516

232861 192124 176417 11.The trend in the ROE shows a significant improvement in the company
19.36 11.36 11.06

45073 21825 19516

322851 297469 266168 12.The trend in the ROTA shows a significant improvement in the compan
13.96 7.34 7.33

2023 2022 2021

89990 105345 89751
13.The trend in the Debt-to-Equity ratio shows fluctuations in the compan
232861 192124 176417
0.24 0.55 0.51
61913 31572 29325
1428 958 970 14.The trend in the Interest Coverage Ratio shows a substantial improvem
43.36 32.96 30.23
1278 5746 6299
322851 297469 266168 15.The trend in the Debt Ratio shows a substantial reduction in the compa
0.00 0.02 0.02
an improvement in liquidity from 2021 to 2023, with the company's ability to cover its short-term obligations increasing. A high

in liquidity from 2021 to 2023. This may raise concerns about the company's ability to cover its short-term obligations with its r

nt improvement in liquidity from 2021 to 2023. This indicates that the company's ability to cover its short-term obligations with

ws fluctuations in the speed at which inventory is sold and replaced over the three years. A higher turnover ratio is generally co

ows a decrease in the speed at which accounts receivable are collected over the three years. A higher turnover ratio is generally

n improvement in the efficiency of asset utilization from 2021 to 2023. A higher asset turnover ratio generally suggests that the

atio shows fluctuations in the efficiency of managing accounts payable over the three years. A higher turnover ratio generally in

uations in profitability over the three years, with the highest ratio achieved in 2023. A higher gross profit ratio is generally cons

ations in profitability over the three years, with a significant increase in profitability in 2023. A higher net profit ratio is generall
ations in profitability over the three years, with a significant increase in profitability in 2023. A higher net profit ratio is generall

mprovement in capital efficiency and profitability in 2023 compared to 2021 and 2022. A higher ROCE is generally considered fa

provement in the company's ability to generate returns for shareholders in 2023 compared to 2021 and 2022. A higher ROE is g

mprovement in the company's ability to generate profits from its total assets in 2023 compared to 2021 and 2022. A higher ROT

fluctuations in the company's capital structure and financial leverage. A lower Debt-to-Equity ratio generally suggests lower fin

ows a substantial improvement in the company's ability to meet its interest obligations in 2023 compared to 2021 and 2022. A h

ntial reduction in the company's financial leverage in 2023 compared to 2021 and 2022. A lower Debt Ratio is generally conside
igations increasing. A higher current ratio is generally considered better as it implies a stronger ability to meet short-term finan

term obligations with its readily available cash and cash equivalents.

hort-term obligations with its readily available quick assets has strengthened over time.

nover ratio is generally considered better as it indicates more efficient use of inventory

turnover ratio is generally considered better as it indicates more efficient management of accounts receivable.

enerally suggests that the company is generating more sales revenue for each dollar invested in assets, which is a positive sign

turnover ratio generally indicates more efficient management of accounts payable, as it reflects how quickly the company is pa

ofit ratio is generally considered favorable as it suggests the company is effectively managing its costs and earning a higher ma

net profit ratio is generally considered favorable as it indicates a higher percentage of net profit relative to sales revenue
net profit ratio is generally considered favorable as it indicates a higher percentage of net profit relative to sales revenue

is generally considered favorable as it indicates that the company is effectively using its capital to generate profits.

nd 2022. A higher ROE is generally considered favorable as it suggests that the company is effectively using shareholder equity t

1 and 2022. A higher ROTA is generally considered favorable as it suggests that the company is using its assets more efficiently

nerally suggests lower financial risk and less reliance on debt to finance operations.

red to 2021 and 2022. A higher Interest Coverage Ratio is generally considered favorable as it indicates a lower financial risk an

Ratio is generally considered favorable as it suggests lower financial risk and less reliance on debt to finance operations.
 to meet short-term financial commitments.

eceivable.

s, which is a positive sign.

quickly the company is paying its suppliers.

and earning a higher margin on its sales.

ve to sales revenue
ve to sales revenue

nerate profits.

using shareholder equity to generate profits.

its assets more efficiently to generate profits.

es a lower financial risk and a higher ability to meet interest payments.

finance operations.
 All amounts in Indian Rupees millions
EXPENSE AS A % OF SALES(CIPLA)
2023 % 2022 % 2021
SALES 22473.18 21623.36 18988.52
EXPENSES
Cost of goods sold 8252.28 36.72% 8496.13 39.29% 7351.89
Employee benefits expense 3830.08 17.04% 3529.91 16.32% 3251.83
Finance cost 109.54 0.49% 106.35 0.49% 160.7
selling and other expenses 5643.79 25.1% 5185.05 23.98% 4303.44

overall analysis:
The expense analysis suggests that the company has managed to improve its cost of goods sold as a percentage of sales in 202

All amounts in Indian Rupees millions

EXPENSE AS A % OF SALES (DR.REDDY'S LABS)
2023 % 2022 % 2021
SALES 234595 205144 184202
EXPENSES
Cost of goods sold 42198 17.99% 43124 21.02% 42958
Employee benefits expense 46466 19.81% 38858 18.94% 36299
Finance cost 1428 0.61% 958 0.47% 970
selling and other expenses 59465 25.3% 55191 26.90% 47920

overall analysis:
Cost of materials consumed as a percentage of sales has decreased over the years, suggesting improved cost management in
Employee benefits expense remained relatively stable.
Finance cost is well-managed and has a minor impact on total sales.
Selling and other expenses as a percentage of sales decreased in 2023, indicating better cost control in sales and marketing a
These changes in expense ratios are positive indicators of cost management and efficiency, which can contribute to improved p
Indian Rupees millions

38.72%
17.13%
0.85%
22.66%

a percentage of sales in 2023, indicating better cost control. However, the percentage of selling and other expenses increased, possibly d

Indian Rupees millions

23.32%
19.71%
0.53%
26.01%

mproved cost management in material procurement.

trol in sales and marketing activities.

can contribute to improved profitability for the company.
nses increased, possibly due to increased sales and marketing efforts. Employee benefits expense and finance cost remained relatively sta
cost remained relatively stable, with a slight decrease in finance costs in 2023 and 2022 compared to 2021.
 CIPLA(All amounts in Indian Rupees millions)
Particulars 2022
Assets 27101.12
Percentage Change 8%
Profits 2546.65
Percentage Change 7%
Sales 21763.34
Percentage Change 14%

overall analysis:

the company has experienced consistent growth in assets and sales over the five-year period. While profits ex
been significant increases in certain years, particularly in 2020 and 2021. The substantial growth in sales and p
company may have implemented successful strategies or capitalized on market opp

Assets Percentage Change

8%

6%

5%

1 2 3 4 5
-1%

Profits Percentage Change

59%

7% 5%
0%
1 2 3 4 5
7% 5%
0%
1 2 3 4 5

Sales Percentage Change

14%
12%

8%

5%

1 2 3 4 5
Indian Rupees millions)
2021 2020 2019 2018
25151.89 23662.56 23963.32 22860.55
6% -1% 5%
2388.51 1499.52 1492.44 1416.57
59% 0% 5%
19159.59 17131.99 16362.41 15219.25
12% 5% 8%

the five-year period. While profits exhibited some fluctuations, there have
The substantial growth in sales and profits in these years suggests that the
rategies or capitalized on market opportunities.

Assets Percentag
15%

12%

3%

1 2 3
 Sales Percentag
13%
11%
10%

1 2 3
 Dr. Reddy's Laboratories (All amounts in Indian Rupees millions)
Particulars 2022 2021
Assets 297469 266168
Percentage Change 12% 15%
Profits 21825 19516
Percentage Change 12% -4%
Sales 205144 184202
Percentage Change 11% 13%

overall analysis:

the company has experienced steady growth in assets and sales over the years, with some fluctuations in profit levels. The su
2019 followed by a decrease in 2021 suggests that external factors or strategic decisions may have influenced profitability. How
2022 indicates a positive trend.

Assets Percentage Change

15%

12%

3%

0%
1 2 3 4 5

Profits Percentage Change

106%

12%
4%
1 -4%
2 3 4 5
12%
4%
1 -4%
2 3 4 5

Sales Percentage Change

13%
11%
10%

8%

1 2 3 4 5
n Rupees millions)
2020 2019 2018
232253 224656 225443
3% 0%
20260 19500 9468
4% 106%
163574 148706 138022
10% 8%

uations in profit levels. The substantial increase in profits in

e influenced profitability. However, the rebound in profits in
 Three stage DuPont: What is driving
ROE= EAT/Equity =
2023
Equity 23,713.54
Total Assets 29,463.28
Sales 22,473.18
EAT 2835.49
Average equity 22,415.46
Average assets 28,282.20

CALCULATION
Margin= EAT/Sales(%) 11.96%
Asset turnover= Sales/Total Assets 0.76
ROA(%) = Margin X Asset turnover 9.12%
Equity multiplier= Total Assets/Equity 1.24
ROE= ROA X Equity multiplier 11.33%

Five sta
ROE = EAT/Equity = EAT/EBT X
What is it called? Tax burden
What does it show? Effect of tax on profit
Sales 22,473.18
EAT 2835.49
Average equity 22,415.46
Average assets 28,282.20
EBIT 4,220.77
EBT 4038.35
Tax burden 0.70
Interest burden 0.96
Operating income margin 0.19
Asset turnover 0.76
Equity multiplier 1.24
ROE 0.12
 CIPLA
nt: What is driving profit[one of Buffet's favourite metrics]
EAT/Sales X Sales/Total Assets X Total Assets/equity
2022 2021 2020 2019
21,117.38 18,585.59 16,057.28 15,344.25
27,101.12 25,151.89 23,662.56 23,963.32
21,623.36 18,988.52 16,694.85 15,970.97
2559.47 2401.3 1546.98 1509.61
19,851.46 17,321.44 15,700.77 14962.94
26,126.51 24,407.23 23,812.94 23411.94

12.12% 12.92% 9.63% 9.84%

0.80 0.75 0.71 0.67
9.67% 9.75% 6.80% 6.56%
1.28 1.35 1.47 1.56
12.41% 13.20% 10.02% 10.24%

Five stage DuPont

EBT/EBIT X EBIT/Sales X Sales/Total Assets X Total Assets/Equity
Interest burden Operating income margin Asset turnover Equity multiplier
Effect of interest on profit Operating margin sales is giving Efficiency Leverage
21,623.36 18,988.52 16,694.85
2559.47 2401.3 1546.98
19,851 17,321.44 15,700.77
INPUT DATA
26,127 24,407.23 23,812.94
3675.39 733 1,088
3493.27 3290.06 2178.18
0.73 0.73 0.71
0.95 4.49 2.00
17.00% 8.3 13.4
Output
0.80 0.75 0.71
1.28 1.35 1.47
0.12 0.13 0.10
 DR.RED
Three stage DuPont: What is driving
ROE= EAT/Equity =
2023
Equity 232,861.00
Total Assets 322,851.00
Sales 234,595.00
EAT 45073
Average equity 212,492.50
Average assets 310,160.00

CALCULATION
Margin= EAT/Sales(%) 19.36%
Asset turnover= Sales/Total Assets 0.73
ROA(%) = Margin X Asset turnover 14.06%
Equity multiplier= Total Assets/Equity 1.39
ROE= ROA X Equity multiplier 19.50%

Five sta
ROE = EAT/Equity = EAT/EBT X
What is it called? Tax burden
What does it show? Effect of tax on profit
Sales 234,595.00
EAT 45073
Average equity 212,492.50
Average assets 310,160.00
EBIT 61,543.00
EBT 60485
Tax burden 0.75
Interest burden 0.98
Operating income margin 0.26
Asset turnover 0.73
Equity multiplier 1.39
ROE 0.19
 DR.REDDY LABS
nt: What is driving profit[one of Buffet's favourite metrics]
EAT/Sales X Sales/Total Assets X Total Assets/equity
2022 2021 2020
192,124.00 176,417.00 155,988.00
297,469.00 266,168.00 232,253.00
205,144.00 184,202.00 163,574.00
21825.00 19516 20260
184,270.50 166,202.50 148,112.00
26,126.51 249,210.50 228,454.50

11.36% 11.06% 12.99%

0.69 0.69 0.70
7.83% 7.66% 9.15%
1.55 1.51 1.49
12.13% 11.55% 13.62%

Five stage DuPont

EBT/EBIT X EBIT/Sales X Sales/Total Assets X
Interest burden Operating income margin Asset turnover
Effect of interest on profit Operating margin sales is giving Efficiency
205,144.00 184,202.00 163,574.00
21825.00 19516 20260
184,270.50 166,202.50 148,112.00
26,126.51 249,210.50 228,454.50
30869 29325 19,279
30614 28835 18857
0.71 0.68 1.07
0.99 0.98 0.98
15.05% 8.3 13.4
0.69 0.69 0.70
1.55 1.51 1.49
0.11 0.11 0.13
 2019
140,236.00
224,656.00
148,706.00
19500
132976
225049.5

13.91%
0.66
9.20%
1.60
14.74%

Total Assets/Equity
Equity multiplier
Leverage

INPUT DATA

Output