The cash ratio did not change in 2013, while the current ratio improved, showing a better balance-sheet liquidity in the period under review, which is a positive factor.
The equity ratio the Company had in 2013 is a sign of a strong financial stability (within the acceptable range) and a low degree of dependence on external financing; it also shows that the Company has enough assets to cover any liabilities without external financing.
The return on equity increased, compared to 2012. The change was due to a 1.7 times increase in JSC FPC’s net profit.
|EBITDA, RUB billion||18.6||21.5||22.7|
|EBITDA margin, %||11.0%||11.8%||11.6%|
|Fixed asset turnover (sales / fixed assets), roubles||1.05||1.13||1.11|
|Return on sales (adjusted to subsidies)||3.39%||4.20%||5.03%|
|Return on equity, ROE||0.07%||1.49%||2.45%|
|Return on assets, ROA||0.03%||1.21%||1.94%|
|EBITDA to sales growth ratio||0.93||1.07||1.02|
|Liabilities to total assets ratio||0.17||0.21||0.20|
|Degree of financial leverage, DFL (debt to equity ratio)||0.01||0.27||0.26|
|Total debt to EBITDA ratio||0.05||0.40||0.50|
|Total debt to sales ratio||0.01||0.05||0.06|