Formules
Balance sheet = Current assets + Fixed assets = Current liabilities + LTD + Equity
Sources (bron) = Assets
Liabilities
Equity
Uses (verbruik) = Assets
Liabilities
Equity
Net Working Capital (NWC) = Current assets – Current liabilities
Earnings per share = Net income : Total shares outstanding
Cash Flow from Assets (CFA) = OCF – CAPEX – Change in NWC
Cash Flow from Assets (CFA) = Cash Flow to Creditors + CF to Shareholders
Cash Flow to Shareholders (CFS) = Dividends paid – Net owner’s equity
Cash Flow to Creditors (CFC) = Interest paid – Net LTD
Total Cash Flow = Cash Flow from operating activities + Investing activities +
Financing activities
Cash from Operating Activities (COA) = EBIT + Depreciation
CAPEX = Net PPE + Depreciation
EBITDA = Net Profit + Interest + Taxes + Depreciation and Amortization
Cash Flow Statement (Indirect):
1. Cash Flow Operating Activities
Net Profit / (Loss) X / (X)
Add back non-cash expenses:
Depreciation X
Amortization X
(Gain) / Loss on scale non-current assets (X) / X
Adjust movement in working capital:
(Increase) / Decrease in inventory (X) / X
(Increase) / Decrease in receivables (X) / X
Increase / (Decrease) in payables X / (X)
Net Cash Flow from Operating Activities X
2. Cash Flow Investing Activities
Fixed assets acquisition –(NFA + Depreciation) (X)
, 3. Cash Flow Financing Activities
Increase / (Decrease) Notes payable X / (X)
Increase / (Decrease) LTD X / (X)
Dividends paid (X)
(Increase) / Decrease Net change Common S. (X) / X
Current ratio = Current assets : Current liabilities
Quick ratio = (Current assets – Inventory) : Current liabilities
Total Debt ratio = (Total assets – Total equity) : Total assets
Cash ratio = Cash and cash equivalents : Current liabilities
Debt-Equity ratio = Total debt : Total equity
Profit margin = Net income : Sales
Total asset turnover = Sales : Assets
Cash coverage ratio = (Operating profit + Non-cash deductions) : Interest
Cash coverage ratio = (EBIT + Depreciation) : Interest
Times interest earned = EBIT : Interest
Inventory turnover = Cost of goods sold : Inventory
Days’ sales in receivables = 365 days : Inventory turnover
Payables turnover = Credit purchases : Trade payables
Days’ purchases in payables = 365 days : Payables turnover
Net Working Capital turnover = Sales : Net Working Capital
Total Asset turnover = Sales : Total assets
External Financial Needs (EFN):
Balance sheet = Current assets + Fixed assets = Current liabilities + LTD + Equity
Sources (bron) = Assets
Liabilities
Equity
Uses (verbruik) = Assets
Liabilities
Equity
Net Working Capital (NWC) = Current assets – Current liabilities
Earnings per share = Net income : Total shares outstanding
Cash Flow from Assets (CFA) = OCF – CAPEX – Change in NWC
Cash Flow from Assets (CFA) = Cash Flow to Creditors + CF to Shareholders
Cash Flow to Shareholders (CFS) = Dividends paid – Net owner’s equity
Cash Flow to Creditors (CFC) = Interest paid – Net LTD
Total Cash Flow = Cash Flow from operating activities + Investing activities +
Financing activities
Cash from Operating Activities (COA) = EBIT + Depreciation
CAPEX = Net PPE + Depreciation
EBITDA = Net Profit + Interest + Taxes + Depreciation and Amortization
Cash Flow Statement (Indirect):
1. Cash Flow Operating Activities
Net Profit / (Loss) X / (X)
Add back non-cash expenses:
Depreciation X
Amortization X
(Gain) / Loss on scale non-current assets (X) / X
Adjust movement in working capital:
(Increase) / Decrease in inventory (X) / X
(Increase) / Decrease in receivables (X) / X
Increase / (Decrease) in payables X / (X)
Net Cash Flow from Operating Activities X
2. Cash Flow Investing Activities
Fixed assets acquisition –(NFA + Depreciation) (X)
, 3. Cash Flow Financing Activities
Increase / (Decrease) Notes payable X / (X)
Increase / (Decrease) LTD X / (X)
Dividends paid (X)
(Increase) / Decrease Net change Common S. (X) / X
Current ratio = Current assets : Current liabilities
Quick ratio = (Current assets – Inventory) : Current liabilities
Total Debt ratio = (Total assets – Total equity) : Total assets
Cash ratio = Cash and cash equivalents : Current liabilities
Debt-Equity ratio = Total debt : Total equity
Profit margin = Net income : Sales
Total asset turnover = Sales : Assets
Cash coverage ratio = (Operating profit + Non-cash deductions) : Interest
Cash coverage ratio = (EBIT + Depreciation) : Interest
Times interest earned = EBIT : Interest
Inventory turnover = Cost of goods sold : Inventory
Days’ sales in receivables = 365 days : Inventory turnover
Payables turnover = Credit purchases : Trade payables
Days’ purchases in payables = 365 days : Payables turnover
Net Working Capital turnover = Sales : Net Working Capital
Total Asset turnover = Sales : Total assets
External Financial Needs (EFN):
