(Per cent)

All Companies (275)

SELECTED FINANCIAL RATIOS

1991-92

1992-93

1993-94

1

2

3

4

A.

Capital structure ratios

1.

Net fixed assets to total net assets

31.6

31.8

33.1

2.

Net worth to total net assets

33.6

34.8

40.1

3.

Debt to equity

56.0

53.0

41.8

4.

Debt to equity

68.5

64.5

50.6

(equity adjusted for revaluation reserve)

5.

Short term bank borrowings to inventories

44.4

45.6

39.5

6.

Total outside liabilities to net worth

197.6

187.6

149.3

B.

Liquidity ratios

7.

Current assets to current liabilities *

1.4

1.4

1.4

8.

Quick assets to current liabilities

52.6

57.5

60.7

9.

Current assets to total net assets

64.1

64.6

61.7

10.

Sundry creditors to current assets

29.9

29.7

30.4

11.

Sundry creditors to net working capital

114.0

106.3

99.4

C.

Assets utilization and turnover ratios

12.

Sales to total net assets

111.8

106.3

110.0

13.

Sales to gross fixed assets

197.0

188.4

193.9

14.

Inventories to sales

25.2

26.2

22.0

15.

Sundry debtors to sales

18.1

20.2

19.1

16.

Exports to sales

9.9

10.6

11.5

17.

Gross value added to gross fixed assets

50.2

47.2

47.9

18.

Raw materials consumed to value of production

55.1

54.4

53.3

D.

Sources and uses of funds ratios @

19.

Gross fixed assets formation to total uses of funds

40.1

42.2

20.

Gross capital formation to total uses of funds

62.9

39.9

21.

External sources of funds to total sources of funds

67.7

49.9

Increase in bank borrowings to total external sources

17.3

- 27.5

23.

Gross savings to gross capital formation

56.7

136.6

E.

Profitability and profit allocation ratios

24.

Gross profits to total net assets

13.8

12.6

13.0

25.

Gross profits to sales

12.3

11.8

11.8

26.

Profits after tax to net worth

15.2

12.4

13.7

27.

Tax provision to profits before tax

43.5

41.0

38.6

28.

Profits retained to profits after tax

58.4

54.8

58.6

29.

Dividends to net worth

6.3

5.6

5.7

30.

Ordinary dividends to ordinary paid-up capital

27.3

26.3

31.2

Note:

Figures in brackets represent the number of companies.

@

Adjusted for revaluation, etc.

*

Item B.7 is the actual ratio of current assets to current liabilities.