Variable | Name of ratio | t-value | 95% Confidence interval | p-value | |
Lower bound | Upper bound | ||||
V01 | EBITDA margin | −1.5345 | −1.9585 | 3.232 | 0.146 |
V02 | EBIT margin | −1.7347 | −2.6222 | 2.758 | 0.178 |
V03 | ROE | 2.1732 | −3.668 | 2.3846 | 0.076* |
V04 | ROA | −0.5346 | −1.8722 | 1.9621 | 0.554 |
V05 | Net assets turnover | 0.38525 | −1.7258 | 7.629 | 0.802 |
V06 | Interest cover | −1.047 | −1.8346 | 3.6295 | 0.252 |
V07 | Collection period | −1.7657 | −1.5715 | 1.8915 | 0.03*** |
V08 | Credit period | −0.6774 | −1.6712 | 2.143 | 0.452 |
V09 | Current ratio | 1.7219 | −8.554 | 14.2196 | 0.614 |
V10 | Liquidity ratio | 1.7221 | −9.3666 | 13.5516 | 0.644 |
V11 | Solvency ratio | −0.4747 | −2.1963 | 2.434 | 0.652 |
V12 | Gearing | 0.2599 | −1.678 | 5.338 | 0.826 |