Solvency Ratios: Debt Management Analysis

CFA Level I Financial Reporting & Analysis · 4:16

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Lyrics

[Verse 1]
When creditors come knocking at your door
And shareholders are worried to the core
We need to check the balance on the scale
Between the debt and equity tale
The debt-to-equity will show us true
If leverage helps or hurts what we pursue
Take total debt divided by the worth
That shareholders have claimed since company birth

[Chorus]
Solvency ratios tell the story clear
Can the company survive another year
Debt-to-equity and coverage combined
Give us the picture of financial mind
Lower is better for the debt we hold
Higher coverage keeps the story bold
Long-term stability starts to unfold
When these ratios are under control

[Verse 2]
Interest coverage is the second key
Can earnings pay what creditors decree
Take EBIT from the income statement line
Divide by interest expense to find the sign
A ratio above two-point-five or more
Means the company can weather any storm
But when it falls below that safety net
The warning bells ring out about the debt

[Chorus]
Solvency ratios tell the story clear
Can the company survive another year
Debt-to-equity and coverage combined
Give us the picture of financial mind
Lower is better for the debt we hold
Higher coverage keeps the story bold
Long-term stability starts to unfold
When these ratios are under control

[Bridge]
Times interest earned is another name
For coverage ratio in this financial game
Industry standards help us understand
What levels keep a business strong and grand
Manufacturing might need different goals
Than service companies with different roles
Context matters when we analyze
The numbers that before our eyes arise

[Verse 3]
Watch the trends across the years gone by
Are ratios improving or awry
A company with rising debt-to-equity
Might signal trouble with liquidity
But coverage ratios climbing up the chart
Show management is playing the smart part
Together these two metrics paint the scene
Of whether balance sheets are strong and clean

[Chorus]
Solvency ratios tell the story clear
Can the company survive another year
Debt-to-equity and coverage combined
Give us the picture of financial mind
Lower is better for the debt we hold
Higher coverage keeps the story bold
Long-term stability starts to unfold
When these ratios are under control

[Outro]
CPA knowledge in your hands today
Solvency analysis will light the way
Debt management through ratio sight
Keeps financial futures burning bright

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