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Definitions
Attributable earnings
Earnings attributable to ordinary shareholders. |
Quick ratio
Current assets less inventory divided by current liabilities. |
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Current ratio
Current assets divided by current liabilities. |
Market capitalisation
Closing share price on the JSE times ordinary shares in issue
before deducting treasury shares. |
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Debt coverage
Cash generated from operating activities divided by net debt. |
Net debt
Long-term debt, short-term debt and bank overdrafts net of
cash and cash equivalents. |
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Debt : equity ratio
Net debt to total shareholders’ equity. |
Operating profit return on net assets
Operating profit and pre-tax income from associates divided by
average total shareholders’ equity and net debt. |
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Distribution yield
Reductions of capital per share divided by the closing share
price on the JSE. |
Price : earnings ratio
The closing share price on the JSE divided by basic headline
earnings per share. |
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Earnings yield
Basic headline earnings per share divided by the closing share
price on the JSE. |
Reductions of capital cover
Basic headline earnings per share divided by reductions of
capital per share. |
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Headline earnings
This comprises the earnings attributable to ordinary
shareholders after adjusting for re-measurements specifically
included as defined in Circular 8/2007 issued on 31 July 2007
by the South African Institute of Chartered Accountants. |
Return on ordinary shareholders’ equity
Headline earnings attributable to ordinary shareholders divided
by average ordinary shareholders’ equity. |
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Interest cover
Operating profit divided by net interest paid. |
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Copyright © - Netcare Annual report for the year ended 30 September 2007 |
