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1. Liquidity ratio
• Current Ratio
It implies that the company for 1 current liability the company has more current assets in the range of 1.201 to 1.203 each year which means the company can satisfy its current bills.
• Quick Ratio
It implies that for 1 current liability, the company has more 1.06 to 1.08 liquid assets decreasing each year which means the company's Assets and liabilities are slightly near.
2. Solvency Ratio
• Debt to Equity Ratio
The Debt-equity ratio implies that for each dollar of net income the company has 0.64 dollars of liabilities in the year 2022 and 0.63 and 0.72 in the year 2021 and 2020 respectively.
• Interest Coverage Ratio
An interest coverage ratio of 6.43 in the year 2022 means that the company's earnings before interest and taxes are 6.43 times higher than its interest expenses. This is generally considered a healthy and favorable position, as a higher ratio indicates a greater capacity to cover interest obligations. However, It was 5.31 in the year 2021 and 3.24 in the year 2020.
3. Profitability Ratio
• Net Profit Margin
A net profit margin of 7.844% indicates that the company can convert 7% of its revenue into net profit. This is a measure of the company's efficiency in managing its expenses and generating profit from its operations. It was very high in the year 2021 i.e 13.625% and lower in 2020 i.e.6.031%.
• Return on Assets
This indicates that the company generated a net income equal to 4% of its average total assets during the year 2022. A 4% ROA suggests a moderate efficiency in converting assets into profit. It may be considered average or slightly below average depending on the industry norms. It was slightly higher than in the year 2021 i.e. 7% and very low in the year 2020 i.e. 2.8%
• Return on equity
A 28.64% ROE suggests that the company generated a net income equal to 28% of its average shareholders' equity during the year 2022. This is generally considered a good ROE, indicating efficient use of equity capital to generate profit. Shareholders might view this as a positive sign of the company's profitability. It was 37.2% in 2021 and 24.98% in 2020.
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