FINAL WORK - ERASMUS (1).docx

Long term debtstotal assets 003 004 005 003 002 debt

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Long-term Debts/Total Assets 0.03 0.04 0.05 0.03 0.02 Debt to Equity Total Liabilities/Equity 7.30 6.23 6.48 7.43 8.48 Long-term Debt to Equity Long-term Debts/Equity 0.25 1.00 0.37 1.03 0.90 1 | P a g e
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E) COVERAGE Interest Cover EBIT/Interest Expense 4.54time s 4.68time s 4.67times 3.58time s 3.27times Cash Coverage Ratio (Cash + Cash Equivalents)/Interest Expenses 5.78 5.18 6.16 17.99 18.86 F) MARKET VALUATION Earnings yield (EPS/Market price per share) 3.50 9.64 8.62 9.25 7.91 Dividend yield (Gross Div./Market Price) 1.04 3.44 6.07 7.18 6.04 Earnings per share (EPS) Profit after Tax/ Equity Shares 63.00 112.00 87.00 Price Earnings ratio (PE) Market price per share / Earnings per share 0.29 0.10 0.12 0.11 0.13 Dividend payout (Ordinary Dividends/Distributable earnings)*100 20.16% 28.75% 40.09% 42.33% 40.90% Dividend cover EPS/DPS 3.37time s 2.80time s 1.42times 1.29time s 1.31times Question 3 2 | P a g e
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Question 4 SYSTEMATIC RISK UNSYSTEMATIC RISK Unpredictable economic growth trends Changes in regulation in the Banking industry The impact of public debt & taxation policy The new entrants (eg.south African Banks) into the Industry Post-election shocks & Gov't spending The overall perception of fraudulent reporting among the collapsed indigenous banks Recapitalization reforms The perceived political influence in the governing policies of the Central Bank Question 5 BUSINESS RISK FINANCIAL RISK Moral hazard problems Credit risk Technological risk Liquidity risk Litigation risk
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  • Summer '16
  • EMMANUEL
  • Curr. Assets- Other Assets

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