This preview shows page 1. Sign up to view the full content.
Unformatted text preview: would have gone down further. The company is heavily relying on the debt which is evident from its debt to total assets ratio, which has never gone down below 50%, however company has been trying to narrow this gap and which has been reduced from 67.22% to 56.34%. The relationship of debt to equity ratio is also on higher side. On February 2008 it was around 5 times of equity but the company could manage to bring it down to 3.36 times. The investment of company in treasury stock shows the confidence of company in its earnings, but it actually the company could not increase its profitability....
View Full Document
- Spring '11