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From: | "Tony" <tony@ltdrisk.com> |
Date: | Thu, 24 May 2001 23:24:38 +1200 |
After many years of just glancing over "the theory" I have begun building a complete set of financial ratios from my text book and applied them to TEL(a nnual report 2000), to start with. I note that in the Measures of Liquidity section, TEL's current ratio (cur a ssets/cur liabs) is less than 1 and its net working capital (cur assets - cu r liabs)is negative for 1999 and 2000. Can anyone explain why the nature of TEL's business allows this when the lit erature considers the above as not good? TonyDB ---------------------------------------------------------------------------- http://www.sharechat.co.nz/ New Zealand's home for market investors ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at http://www.sharechat.co.nz/forum.shtml.
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