Eléonore Michel, Jules Diss, VivienVandeik, Pierre Urier-Cattoire
The Flying Saucers
Problem:Was it a goodstrategy forDelfingen toinvest in 2008, inthe middle of acrisis ?
Financial Risk Analysis
Default Risk Analysis
 Liquidity ratio   Current ratio ( should be > 1)    2007 : 0,88 not safe    2008 : 1,11 safe   + 79 % short terms deb...
Interest coverage ( should be 4 at least )  2008 : -1,19 not safe  2007 : + 4,34 safe  Negative EBIT in 2008 and more ...
CFS Analysis
Financial Statements - CFS WC Analysis Investment opportunities Dividends analysis Loan repayments
Financial Analysis Delfingen
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Financial Analysis Delfingen

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Financial Analysis Delfingen

  1. 1. Eléonore Michel, Jules Diss, VivienVandeik, Pierre Urier-Cattoire
  2. 2. The Flying Saucers
  3. 3. Problem:Was it a goodstrategy forDelfingen toinvest in 2008, inthe middle of acrisis ?
  4. 4. Financial Risk Analysis
  5. 5. Default Risk Analysis
  6. 6.  Liquidity ratio  Current ratio ( should be > 1)  2007 : 0,88 not safe  2008 : 1,11 safe + 79 % short terms debts The weight of the short term debts in the curretn liabilities went from 42,39% to 65,8 % Quick Ratio ( should be > 1 )  2008 : 0,60 not safe  2007 : 0,84 not safe Increase of 20 % of the inventories
  7. 7. Interest coverage ( should be 4 at least )  2008 : -1,19 not safe  2007 : + 4,34 safe  Negative EBIT in 2008 and more debts,  Positive EBIT in 2007 and low investment  High risk of defaultGearing ratio (should be >1)  2007 : 1,32 safe  2008 : 2,04 safe  More equity in 2007 than 2008
  8. 8. CFS Analysis
  9. 9. Financial Statements - CFS WC Analysis Investment opportunities Dividends analysis Loan repayments

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