Financial analysis of Ford Motor Company

2017 2016 2015

Current assets 115902000.00 108461000.00 10258700.00
Current liabilities 94600000.00 90281000.00 82336000.00
Inventory 10277000.00 8898000.00 8319000.00

Total Assets 257808000.00 237951000.00 224925000.00

Total Debt 222820000.00 208685000.00 196189000.00
Shareholder's equity 34890000.00 29170000.00 28642000.00

Earnings Before Interest and Taxes 9281000.00 7690000.00 11025000.00

Interest Expense 1133000.00 894000.00 773000.00

Total Revenue 156776000.00 151800000.00 149558000.00

Net Receivables 62809000.00 57368000.00 56179000.00

Cost of Revenue 140436000.00 135087000.00 131814000.00

Accounts Payable 23282000.00 21296000.00 20272000.00

Gross Profit 16340000.00 16713000.00 17744000.00

Net Income 7602000.00 4596000.00 7373000.00

Liquidity ratios
Ford Current ratio 1.23 1.20 0.12
Acid test 1.12 1.10 0.02

Financial leverage ratios

Debt-to-equity 6.386357122 7.154096675 6.84969625
Debt-to-total assets 0.864286601 0.877008292 0.872241858
Total capitalization 0.864615265 0.877362259 0.872606536

Coverage ratios
Interest coverage 8.19152692 8.601789709 14.2626132

Activity ratios
Receivable turnover 2.496075403 2.646074467 2.662169138
Average collection period 142.6238965 134.5389196 133.7255379
Payble turnover 6.031956018 6.343303907 6.50226914
Payble turnover in days 60.5110513 57.5409921 56.13424978
Total asset turnover 0.608111463 0.637946468 0.664923864

Profitable ratios
Gross profit margin 0.116351933 0.123720269 0.134613926
Net profit margin 0.048489565 0.03027668 0.0492986
Return on investements 0.02948706 0.019314901 0.032779815
Return on equity 0.217884781 0.157559136 0.257419175

ROI 0.017931419 0.012321873 0.021796082

ROE 0.132498233 0.100514294 0.171164152
 Financial analysis of FIAT Company

Current assets
Current liabilities
Inventory

Total Assets
Total Debt
Shareholder's equity

Earnings Before Interest and Taxes

Interest Expense

Total Revenue
Net Receivables

Cost of Revenue
Accounts Payable

Gross Profit
Net Income

Formulas: Liquidity ratios

Current assests/current liabilities FIAT Current ratio
(Current assests - inventory)/current liabilities Acid test

Financial leverage ratios

Total debt/shareholder's equity Debt-to-equity
Total debt/total assets Debt-to-total assets
Total debt/(total debt + shareholder's equity) Total capitalization

Coverage ratios
EBIT/Interest charges Interest coverage

Activity ratios
Annual net credit sales/receivebles Receivable turnover
days in year/receivable turnover Average collection period
annual net credit purchases/accounts payble Payble turnover
days in year/payble turnover Payble turnover in days
Net sales/Total assets Total asset turnover

Profitable ratios
gross profit/net sales Gross profit margin
net profit after taxes/net sales Net profit margin
 net profit after taxes/total assests Return on investements
net profit after taxes/shareholder's equitty Return on equity

net profit margin x total asset turnover ROI

ROI x equity multiplier ROE
 2017 2016 2015
2,799,000 2,602,000 2,311,000
2,266,000 1,973,000 1,794,000
869,000 730,000 682,000

4,842,000 4,346,000 3,970,000

4,104,000 3,733,000 3,504,000
696,000 573,000 425,000

417,000 516,000 508,000

73,000 92,000 67,000

9,274,000 8,599,000 8,181,000

1,321,000 1,294,000 1,112,000

7,812,000 7,123,000 6,828,000

2,051,000 1,840,000 1,667,000

1,462,000 1,476,000 1,353,000

207,000 356,000 241,000

1.24 1.32 1.29

0.85 0.95 0.91

5.8965517241 6.5148342059 8.2447058824

0.8475836431 0.8589507593 0.8826196474
0.855 0.8669298653 0.8918299822

5.7123287671 5.6086956522 7.5820895522

7.0204390613 6.6452859351 7.3570143885

50.709079146 53.571810676 48.389194475
3.8088737201 3.8711956522 4.0959808038
95.828853047 94.286115401 89.111745753
1.9153242462 1.9786010124 2.0607052897

0.1871479775 0.2072160606 0.1981546573

0.0223204658 0.0414001628 0.0294585014
0.0427509294 0.081914404 0.0607052897
0.2974137931 0.6212914485 0.5670588235

0.0818818916 0.1620759228 0.1250957115

0.5696438491 1.229287889 1.1685411172
Liquidity ratios
Ford Current ratio 0.12 1.20 1.23
FIAT Current ratio 1.29 1.32 1.24

1.40

1.20

1.00

0.80
Ford Current ratio
0.60 FIAT Current ratio

0.40

0.20

0.00
1 2 3

Ford Acid test 0.02 1.10 1.12

Fiat Acid test 0.91 0.95 0.85

1.20

1.00

0.80

0.60 Ford Acid test

Fiat Acid test
0.40

0.20

0.00
1 2 3

Financial leverage ratios

FORD Debt-to-equity 6.849696 7.154097 6.386357
FIAT Debt-to-equity 8.244706 6.514834 5.896552
 9
8

5
FORD Debt-to-equity
4 FIAT Debt-to-equity
3

0
1 2 3

FORD Debt-to-total assets 0.872242 0.877008 0.864287

FIAT Debt-to-total assets 0.88262 0.858951 0.847584

0.89

0.88

0.87

0.86 FORD Debt-to-total assets

FIAT Debt-to-total assets
0.85

0.84

0.83
1 2 3

FORD Total capitalization 0.872607 0.877362 0.864615

FIAT Total capitalization 0.89183 0.86693 0.855

0.9

0.89

0.88
 0.9

0.89

0.88

0.87
FORD Total capitalization
0.86 FIAT Total capitalization

0.85

0.84

0.83
1 2 3

Coverage ratios
FORD Interest coverage 14.26261 8.60179 8.191527
FIAT Interest coverage 5.712329 5.608696 7.58209

16

14

12

10

8 FORD Interest coverage

FIAT Interest coverage
6

0
1 2 3
 Activity ratios
FORD Receivable turnover 2.662169 2.646074 2.496075
FIAT Receivable turnover 7.357014 6.645286 7.020439

4 FORD Receivable turnover

FIAT Receivable turnover
3

0
1 2 3

FORD Average collection period 133.7255 134.5389 142.6239

FIAT Average collection period 48.38919 53.57181 50.70908

160

140

120

100
FORD Average collection
80 period
FIAT Average collection
60 period

40

20

0
1 2 3

FORD Payble turnover 6.502269 6.343304 6.031956

FIAT Payble turnover 4.095981 3.871196 3.808874
 7

4
FORD Payble turnover
3 FIAT Payble turnover

0
1 2 3

FORD Payble turnover in days 56.13425 57.54099 60.51105

FIAT Payble turnover in days 89.11175 94.28612 95.82885

120

100

80
FORD Payble turnover in
60 days
FIAT Payble turnover in
days
40

20

0
1 2 3

FORD Total asset turnover 0.664924 0.637946 0.608111

FIAT Total asset turnover 2.060705 1.978601 1.915324

2.5

2
2.5

1.5
FORD Total asset turnover
FIAT Total asset turnover
1

0.5

0
1 2 3
Profitable ratios
FORD Gross profit margin 0.134614 0.12372 0.116352
FIAT Gross profit margin 0.198155 0.207216 0.187148

0.25

0.2

0.15
FORD Gross profit margin
FIAT Gross profit margin
0.1

0.05

0
1 2 3

FORD Net profit margin 0.049299 0.030277 0.04849

FIAT Net profit margin 0.029459 0.0414 0.02232

0.06

0.05

0.04

0.03 FORD Net profit margin

FIAT Net profit margin
0.02

0.01

0
1 2 3

FORD Return on investements 0.03278 0.019315 0.029487

FIAT Return on investements 0.060705 0.081914 0.042751
 0.09

0.08

0.07

0.06

0.05 FORD Return on

investements
0.04 FIAT Return on
investements
0.03

0.02

0.01

0
1 2 3

FORD Return on equity 0.257419 0.157559 0.217885

FIAT Return on equity 0.567059 0.621291 0.297414

0.7

0.6

0.5

0.4
FORD Return on equity
0.3 FIAT Return on equity

0.2

0.1

0
1 2 3

FORD ROI 0.017931 0.012322 0.021796

FIAT ROI 0.081882 0.162076 0.125096

0.18

0.16

0.14

0.12
 0.18

0.16

0.14

0.12

0.1
FORD ROI
0.08 FIAT ROI
0.06

0.04

0.02

0
1 2 3

FORD ROE 0.171164 0.100514 0.132498

FIAT ROE 1.168541 1.229288 0.569644

1.4

1.2

0.8
FORD ROE
0.6 FIAT ROE

0.4

0.2

0
1 2 3