The individualities of studying the company when purchasing bonds
?How does the study of a money company differ from developers?A detailed review was prepared in Yango ❓ Which company is in front of you? Is it a manufacturer of agricultural products with an operational case, microcredit company "RogaVBega" – financial company or coastal construction company – development company? Operating company: these are the dynamics of revenue and EBITDA, debt / EBITDA, ROE and ROIC About the revenue for you everything is clear, let it grow for itself with each period. ? EBITDA is the main indicator for the operating company, which reads, what currency flow does the business earn, in other words, how is this company operationally productive?. By EBITDA, financiers can judge, is the issuer able to return the investments invested in it?. EBITDA should normally be positive. ? Debt/EBITDA up to 2–2.5 is the best, if more 4, it's worth puzzling. I begin to consider additionally already with 3x. ? ROE (Return on Equity) - the main indicator for business owners. The higher the ROE, the higher the productivity, with which the funds of the owners of shares work in the company. However, to buy the company's debt, it is specifically important for you? ROIC — индикатор для финансистов в займы компании. The return on invested capital provides an answer to the question, how well the company uses the funds invested in the business (equity and debt capital) to generate income. If ROIC = seven percent, а процентами отдавать компании необходимо двадцать …
The individualities of studying the company when purchasing bonds Read more
