Ratio Calculations FOR CHEO (In Thousands of dollars)
Profitability
Total Margin = Net Income / Total Revenue
2013 2012
= -1,182 / 237,540 = 358 / 234,818
= -0.004976 x 100 = 0.0015245 x 100
= -0.498% = 0.152%
Operating Margin = Operating Income (before building) / Operating Revenue
2013 2012
= 298 / 237,540 = 1,565 / 234,818
= 0.00125453 x 100 = 0.0066647 x 100
= 0.125% = 0.666%
Return on Assets = Net Income / Total Assets
2013 2012
= -1,182 / 191,563 = 358 / 188,243
= -0.00617029 x 100 = 0.001901797 x 100
= -0.617% = 0.190%
Return on Equity = Net Income / Total Equity
2013 2012
= -1,182 / 31 367 = 358 / 32,549
= -0.03768292 x 100 = 0.0109988 x 100
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= -3.768% = 1.100%

Liquidity
Current Ratio = Current Assets / Current Liabilities
2013 2012
= 25,003 / 28,419 = 24,434 / 26,883
= 0.879798 x 100 = 0.908901 x 100
= 87.980% = 90.890%
Days Cash on Hand = Cash and Cash Equivalents / (Expense – Amortization)/365
2013 2012
= 5,701 / (237,242 – 10,736)/365 = 6,802 / (233,253 – 10,490)/365
= 5,701 / 620.564 = 6,802 / 610.309
= 9.1868 = 11.145
Working Capital = Current Assets – Current Liabilities
2013 2012
= 25,003 – 28,419 = 24,434 – 26,883
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= -3,416 = -2,449
Debt Management
Debt Ratio = Total Debt / Total Assets
2013 2012
= 160,196 / 191,563 = 155,694 / 188,243
= 0.836257 x 100 = 0.8270905 x 100
=83.626% = 82.709%
Debt to Capitalization = Long Term Debt / Long Term Debt + Equity
2013 2012
= 3,485 / 34,852 = 3,763 / 36,312
= 0.099994 x 100 = 0.1036296 x 100
= 9.999% = 10.363%
Times Interest Earned = Excess of Revenue over Expenses + Interest Expense / Interest Expense
2013 2012
= -955 / 227 = 622 / 264