| Industrial sector | |||||
| Variable | Variable under I, II | If Denom. = 0 Ratio Equal to: | Floor | Cap. | Coeff. |
| Constant | Constant | −4.584023 | |||
| Current Debts/Revenues | Current debts/Revenues | 1 | 0.4 | 1.4 | 1.709764 |
| Interests Expenses/EBITDA | EBIT/EBITDA | 0.1 | −1 | 1 | 1.006155 |
| Interests Expenses/Debts | EBIT/(Debts + Book Value of Equity) | 0.06 | 0.01 | 0.06 | 21.7339 |
| Cash/Revenues | Cash/Revenues | 0.2 | 0.01 | 0.3 | −3.257.383 |
| Revenues/Inventory | Revenues/Inventory | 11 | 1.4 | 11 | −0.035931 |
| % Variation of Revenues − 0.1 | % Variation of Revenues − 0.1 | 0.2 | −0.4 | 0.6 | 0.874921 |
| Book Value of Equity/Assets | Final value = 0 | 0.1 | 0 | 0.64 | −1.842869 |
| Dummy = Interest Expenses/ EBITDA If EBITDA < 0; 0 Otherwise | Dummy = EBIT/EBITDA If EBITDA < 0; 0 Otherwise | −1.380648 | |||
| Dummy = 1 If EBITDA < 0; 0 Otherwise | Dummy = 1 If EBITDA < 0; 0 Otherwise | 0.502537 | |||
| Dummy = % Variation of Revenues If % Variation of Revenues < 0; 0 Otherwise | Dummy = % Variation of Revenues If % Variation of Revenues < 0; 0 Otherwise | −1.318575 | |||
| Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise | Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise | 0.925375 | |||
| Current Debts/Revenues × (Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise) | Current Debts/Revenues × (Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise) | −0.672704 | |||
| Interests Expenses/Debts × (Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise) | EBIT/(Debts + Book Value of Equity) × (Dummy = 1 if Revenues ≤ 500,000; 0 Otherwise) | −11.51058 | |||
| Cash/Revenues × (Dummy = 1 if Revenues ≤ 500,000; 0 Otherwise) | Cash/Revenues × (Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise) | 1.934049 | |||
| Construction Sector | |||||
| Variable | Variable under I, II | If Denom. = 0 Ratio Equal to: | Floor | Cap. | Coeff. |
| Constant | −4.258458 | ||||
| Interests Expenses/EBITDA | EBIT/EBITDA | 1 | −1 | 1 | 0.37765 |
| Interests Expenses/Debts | EBIT/(Debts + Book Value of Equity) | 0.01 | 0 | 0.03 | 34.64145 |
| Book Value of Equity/Assets | Final Value = 0 | 0.03 | 0 | 2 | −1.882866 |
| Debts/Value of Production | (Debts + Book Value of Equity)/ Value of Production | 1 | 0 | 1 | 1.314629 |
| Current Liabilities/Assets | Current Liabilities/Assets | 0.8 | 0 | 1 | 0.448655 |
| Net Income/Value of Production | Final Value = 0 | 0.05 | 0 | 0.07 | −5.638927 |
| Book Value of Equity/Fixed Assets | Final Value = 0 | 3 | 0 | 8 | −0.05176 |
| % Variation of Value of Production − 0.1 | % Variation of Value of Production − 0.1 | 0.2 | −0.6 | 1.6 | 0.329288 |
| Dummy = Interest Expenses/ EBITDA If EBITDA < 0; 0 Otherwise | Dummy = EBIT/EBITDA If EBITDA < 0; 0 Otherwise | −0.779867 | |||
| Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise | Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise | 0.48568 | |||
| Dummy = % Variation of Value of Production If % Variation of Value of Production < 0; 0 Otherwise | Dummy = % Variation of Value of Production if % Variation of Value of Production < 0; 0 Otherwise | −0.998434 | |||
| Debts/Value of Production × (Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise) | (Debts + Book Value of Equity)/ Value of Production × (Dummy = 1 if Revenues ≤ 500,000; 0 Otherwise) | −0.655727 | |||
| Real Estate Sector | |||||
| Variable | Variable under I, II | If Denom. = 0 Ratio Equal to: | Floor | Cap。 | Coeff. |
| Constant | −2.569235 | ||||
| Interests Expenses/EBITDA | EBIT/EBITDA | 0.8 | −0.8 | 1 | 0.8130648 |
| Interests Expenses/Debts | EBIT/(Debts + Book Value of Equity) | 0.01 | 0 | 0.06 | 14.0119 |
| Book Value of Equity/Assets | Final Value = 0 | 0.1 | 0 | 1 | −2.721187 |
| Value of Production/Current Assets | Value of Production/Current Assets | 1.5 | 0.3 | 10 | −0.1391083 |
| Dummy = Interest Expenses/ EBITDA If EBITDA < 0; 0 Otherwise | Dummy = EBIT/EBITDA if EBITDA < 0; 0 Otherwise | −1.401464 | |||
| Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise | Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise | −0.5688427 | |||
| Book Value of Equity/Assets × (Dummy = 1 if Revenues ≤ 500,000; 0 Otherwise) | Final Value = 0 | 1.765224 | |||
| Commercial Sector | |||||
| Variable | Variable under I, II | If Denom. = 0 Ratio Equal to: | Floor | Cap. | Coeff. |
| Constant | −1.88977 | ||||
| Interests Expenses/EBITDA | EBIT/EBITDA | 1 | −1 | 1 | 0.73753 |
| Interests Expenses/Debts | EBIT/(Debts + Book Value of Equity) | 0.06 | 0 | 0.08 | 16.97147 |
| Cash/Revenues | Cash/Revenues | 0.02 | 0.01 | 0.1 | −3.97341 |
| % Variation of Revenues − 0.06 | % Variation of Revenues − 0.06 | 0.24 | −0.36 | 0.54 | 1.446892 |
| Book Value of Equity/Assets | Final Value = 0 | 0.04 | 0 | 1.6 | −2.86327 |
| EBITDA/(Interest Expenses + Debts) | EBITDA/(EBIT + Debts + Book Value of Equity) | 0.2 | 0 | 0.3 | −1.68061 |
| (Current Assets-Inventory)/ Current Liabilities | (Current Assets-Inventory)/ Current Liabilities | 2 | 0 | 2 | −0.33307 |
| Revenues/Assets | Revenues/Assets | 0.9 | 0.5 | 1.7 | −0.85672 |
| Dummy = Interest Expenses/ EBITDA If EBITDA < 0; 0 Otherwise | Dummy = EBIT/EBITDA If EBITDA < 0; 0 Otherwise | −1.3164 | |||
| Dummy = % Variation of Revenues If % Variation of Revenues < 0; 0 Otherwise | Dummy = % Variation of Revenues If % Variation of Revenues < 0; 0 Otherwise | −2.98436 | |||
| Interests Expenses/Debts × (Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise) | EBIT/(Debts + Book Value of Equity) × (Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise) | −8.28285 | |||
| Book Value of Equity/Assets × (Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise) | Final Value = 0 | 1.368938 | |||
| Revenues/Assets × (Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise) | Revenues/Assets × (Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise) | 0.207691 | |||
| Services Sector | |||||
| Variable | Variable under I, II | If Denominator = 0 Ratio Equal to: | Floor | Cap. | Coefficient |
| Constant | −4.689249 | ||||
| Current Debts/Revenues | Current debts/Revenues | 2 | 0.2 | 2.5 | 0.427293 |
| Cash/Revenues | Cash/Revenues | 0.04 | 0.01 | 0.16 | −7.428313 |
| % Variation of Revenues − 0.06 | % Variation of Revenues − 0.06 | 0.14 | −0.36 | 0.84 | 0.668981 |
| Current Liabilities/Assets | Current Liabilities/Assets | 0.8 | 0 | 1 | 0.82794 |
| Interest expenses/Value of Production | EBIT/Value of Production | 0.04 | 0 | 0.04 | 29.88155 |
| Debts/Book Value of Equity | 10 (Since Denominator Is Equal to Zero) | 10 | −2 | 20 | 0.031407 |
| Variable = 1 If Interests Expenses/ EBITDA < 0 and EBITDA < 0; Otherwise Interests Expenses/EBITDA | Variable = 1 If EBIT/EBITDA < 0 and EBITDA < 0; Otherwise EBIT/EBITDA | Not Nec. | Not Nec. | Not Nec. | 0.400514 |
| Dummy = % Variation of Revenues If % Variation of Revenues < 0; 0 Otherwise | Dummy = % Variation of Revenues If %Variation of Revenues < 0; 0 Otherwise | −1.558519 | |||
| Current debts/Revenues × (Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise) | Current Debts/Revenues × (Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise) | −0.245754 | |||
| Cash/Revenues × (Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise) | Cash/Revenues × (Dummy = 1 If Revenues ≤ 500,000; 0 Otherwise) | 5.362561 | |||
| Dummy = 1 If Book Value of Equity < 0; 0 Otherwise | 0 (Since the Book Value of Equity Is Zero in a Fully Levered Situation) | 0.542214 |