Financial Ratios

Altman [1]

Taffler [24]

Grammatikos and Gloubos [3] X Model

Grammatikos and Gloubos [4] Y Model

Dimitras et al. [5]

Zopounidis and Doumpos [4]

Profitability

EBIT/Total assets

X

X

X

Profit before tax/Current Liabilities

X

X

X

Earnings after Tax to Current Liabilities

X

X

Net Income to Gross Profit

X

X

Net income to Total Assets

X

X

Liquidity

Working Capital/Total Assets

X

X

X

Current Assets/Total Liabilities

X

X

X

Current liabilities to current assets

X

Current Assets to Total Assets

X

Notes payable to total assets

X

Quick Assets to Current Liabilities

X

X

Current Liabilities To Total Assets

X

X

Leverage

Equity Market Value to Total Liabilities

X

Retained Earnings/Total Assets

X

Net worth to Net worth + Long term debt

X

X

(Long term debt + current liabilities) to total assets

X

X

Net worth to Net fixed assets

X

X

Turnover

Sales/Total Asset

X

No-credit interval in days

X

Inventories/Net working Capital

X

X

X

Net Income to Total Worth

X

X

Working capital to net worth

X

X