|
| Years Before the Financial Failure Date | ||||||
| Average Values | One Year | Two Year | Three Year | ||||
| β | Odds Ratio | β | Odds Ratio | β | Odds Ratio | β | Odds Ratio |
Gross Profit Margin (GPM) | −0.025 | 0.975 | −0.029 | 0.971 | −0.020 | 0.980 | −0.027 | 0.974 |
Return on Assets (ROA) | −0.057 | 0.945 | −0.052 | 0.950 | −0.054 | 0.948 | −0.064 | 0.938 |
Return on Equity Before Tax (ROE) | −0.438 | 0.647 | −0.346 | 0.707 | −0.427 | 0.652 | −0.542 | 0.582 |
Debt Ratio (DR) | −1.023 | 0.373 | −1.143 | 0.319 | −1.262 | 0.283 | −0.663 | 0.516 |
Constant | 1.947 | 7.061 | 2.106 | 8.216 | 1.929 | 6.884 | 1.805 | 6.083 |