Median values of the financial ratios | |||||||
Distance to the sentence year: | |||||||
Financial ratio | 5 | 4 | 3 | 2 | 1 | Correlation§ | p-value |
Growth of net sales (%) | −4.20 | 4.25 | 0.00 | 7.10 | 10.20 | −0.900 | 0.037 |
Growth of gross profit (%) | −0.30 | 6.40 | 3.80 | 7.55 | 11.80 | −0.900 | 0.037 |
EBIT margin (%) | 1.50 | 5.00 | 1.80 | 8.85 | 2.90 | −0.500 | 0.391 |
Quick ratio | 0.70 | 0.60 | 0.50 | 0.55 | 0.60 | 0.462 | 0.434 |
Current ratio | 0.90 | 1.00 | 0.80 | 0.85 | 0.80 | 0.718 | 0.172 |
Return on investment (%) | 2.20 | 7.20 | 3.80 | 6.55 | 3.55 | −0.100 | 0.873 |
Equity ratio (%) | 13.40 | 16.90 | 13.30 | 20.00 | 9.60 | 0.300 | 0.624 |
Net gearing | 0.00 | −0.05 | −0.10 | −0.10 | −0.35 | 0.975 | 0.005 |
Debt to net sales ratio (%) | 28.40 | 29.40 | 30.30 | 34.20 | 32.50 | −0.900 | 0.037 |
Working capital ratio (%) | 1.10 | 0.15 | 2.20 | 4.35 | 1.50 | −0.600 | 0.285 |