financial ratios from their financial statements.
Ⅱ. Financial Ratio analysis
1. Liquidity
Liquidity refers to a company's ability to meet its current maturing debts. And it focuses on the relationship between current assets and current liabilities. With it, Creditors and analysts evaluate a company's short-term financial strength.
1.1. cash ratio
it is a means to measure the
financial statement and information, less dynamic, stable industries were chosen from each country so that there are fewer aberrations. The paper initially evaluates different ratios representing short-term solvency, asset utilization/turnover, long-term solvency or financial leverage, profitability and market values for companies in the same industry within same country. Then, the paper further
Ⅰ. Introduction
- Introduce of Hana Tour
HANA TOUR, Korea’s largest travel agency now served by over 2,500 employees at home and abroad, ranks as the number one travel company for the past ten years in terms of overseas travel and airline ticket sales.
We suggest that this is time to examine its financial status, as the best travel agency in Korea. Our team chose HANA TOUR, considerin
in 2009.
2. Balance sheet
Currency in USD. All numbers in thousands
Period Ending Sep 25, 2010 Sep 26, 2009 Sep 27, 2008
Assets
Current Assets
Cash And Cash Equivalents 11,261,000 5,263,000 11,875,000
Short Term Investments 14,359,000 18,201,000 12,615,000
Net Receivables 11,560,000 6,192,000 6,151,000
at 1%. In 1997, as financial crisis in East-Asia was broadening, Yen carry assets were paid off. In addition, The sharp increase in foreign bank assets in 1997 and 1998 is accounted for by the increase in “bills bought.” The Japan premium ruling at the time meant that non-Japanese banks had a considerable pricing advantage over local Japanese rivals, and managed to exploit this advantage.
자산의 분배(Asset Allocation ) : Investment involves a choice problem.
정의: 자산배분이란 투자자의 투자목적, 투자성향 등에 맞추어 여러 가지
자산유형(자산 군/종목군)간에 투자자금을 배분하는 의사결정
Asset Allocation: is the division of an investor's wealth between different asset classes.
최적포트폴리오 구성
financial soundness, such as the ratio of non-performing loan, BIS the ratio of owner's equity, delinquency is much better compared to other savings banks as showed in doubts below.
3. Solomon’s Financial Products
Solomon Bank deposit and loan products are as follows:
저축상품 대출상품
입출금
자유상품 보통예금 아파트담보대출(사업자금융)
와이
II. 2. The progress of Yen carry trade
Since 1990s, Japanese government and central bank started lowering interest rate policies so that Yen carry trade has begun.
1) After Kobe Earthquake in 1995, the Bank of Japan lowers the interest rate at 1%. In 1997, as financial crisis in East-Asia was broadening, Yen carry assets were paid off. In addition, The sharp increase in foreign bank as
Financing from foreign investors, cost ↓after ↓ foreign exchange and translation costs.
Current asset was 4.98 trillion; due to increased cash and sales of marketable securities. Securities: representing financial value, converted to cash quickly. SKT received cash from sales of its marketable securities.
Total stockholder’s equity increased to 4.8% due to increased retained earnings.
assets and ROE figures will be the same. It is computed as “Net income+ Interest Expenses (net of tax)/ Avg. Total assets. SK Energy’s ROA in 2008 is 7.2%.
3) Financial Leverage Percent
Financial leverage percentage measures the advantage or disadvantage that occurs when a company’s return on equity differs from its return on assets. This ratio describes the relationship between the r