2015

(N = 17)

Cash maturing debt ratio

Debt coverage ratio

Current ratio

Quick ratio

Debt-to-assets ratio

Equity ratio

Degree of total leverage

Pearson Correlation

0.782**

0.648**

0.756**

0.634**

−0.765**

−0.491*

0.528*

Sig.

0.000

0.005

0.000

0.006

0.000

0.045

0.029

Net profit growth rate

ROA

ROE

EPS

Current ratio

Kendall Correlation

0.465**

0.391*

0.450*

0.415*

0.415*

Sig.

0.009

0.029

0.012

0.021

0.021

Net profit growth rate

ROA

ROE

EPS

Current ratio

Spearman Correlation

0.629**

0.506*

0.585*

0.515*

0.503*

Sig.

0.007

0.038

.014

0.034

0.040

Debt-to-assets ratio

Equity ratio

EPS

EBIT

Kendall Correlation

−0.406*

−0.385*

0.415*

0.376*

Sig.

0.023

0.032

0.021

0.035

Debt-to-assets ratio

Equity ratio

EPS

EBIT

Spearman Correlation

−0.519*

−0.508*

0.515*

0.546*

Sig.

0.033

0.037

0.034

0.023