银行管理学全套配套课件 powerpoint ch10.ppt

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1、EVALUATINGCOMMERCIALLOANREQUESTChapter16BankManagement,5thedition.TimothyW.KochandS.ScottMacDonaldCopyright©2003bySouth-Western,adivisionofThomsonLearningTwotypesoferrorsinjudgment:TypeIErrorMakingaloantoacustomerwhowillultimatelydefaultTypeIIErrorDenyaloantoacustomerwhowouldultimatelyrepaythedebt.

2、Fivekeyquestions/issues:Whatisthecharacteroftheborrowerandthequalityofinformationprovided?Whataretheloanproceedsgoingtobeusedfor?Howmuchdoesthecustomerneedtoborrow?Whatistheprimarysourceofrepaymentandwhen?Whatcollateralisavailable?(Secondarysourceofrepayment)FourstepsinevaluatingcreditrequestsOverv

3、iewofmanagementandoperationsSpreadthefinancialsCashflowanalysisProformaprojectionsandanalysisOverviewofmanagementandoperationsGatherinformationon:BusinessandrelatedindustryManagementqualityNatureofloanrequestQualityofthedataSpreadthefinancialsSpreadthefinancialsandcomputecommonsizeComparewithindustr

4、yaveragesCalculateaseriesoffinancialratiosthatindicateperformanceandriskComparewithindustryaveragesExhibit16.3WadesOfficeFurniture-IncomeStatementWadesOfficeFurniture:HistoricalBalanceSheet(Assets)WadesOfficeFurniture:HistoricalBalanceSheet(LiabilitiesandEquity)RatioanalysisLiquidityandactivityratio

5、sLeverageratiosProfitabilityratiosLiquidityandactivityratiosNetWorkingCapital=CA-CLCurrentRatio=CA/CLQuickRatio=(Cash+A/R)/CLDaysCash=Cash/Avg.dailysalesInventoryTurnover=COGS/Avg.Inv.ARCollection(DaysA/R)=(A/R)/Avg.dailysalesDaysCashtoCash=DaysCash+DaysA/R+DaysinventoryDaysPayableOutstanding=AP/Av

6、g.dailypur.=AP/[(COGS+DInventory)/365]Salestonetfixedassets=Sales/NetfixedassetsWadesOfficeFurniture:LiquidityRatiosLeverageratiosDebtRatio=Debt/TotalassetsDebttotangiblenetworth=Debt/Tang.NWTimesinterestearned=EBIT/Int.exp.where,EBIT=Earnsbeforetaxplusint.exp.FixedChargeCoverage=(EBIT+leasepay)

7、/(Int.exp.+leasepay)NetFixedAssetstoTangibleNWDividendPayout%=Dividendspaid/NetprofitWadesOfficeFurniture:LeverageRatiosProfitabilityratiosReturnonEquity(ROE)=Netincome/TotalequityProfitbeforetaxest