财管公式总结 Chapter 2: Ⅰ. The cash flow identity Cash flow from assets= cash flow to creditors(bondholders) + cash flow to stockholders(owners) Ⅱ. Cash flow from assets cash flow from assets= operating cash flow -Net capital spending -Change in net working capital(NWC) Where Operating cash flow= EBIT + depreciation – taxes （折旧不消耗现金，因为原来的折旧被减了） Net capital spending= ending net fixed assets –beginning net fixed assets + depreciation Change in NWC= ending NWC – beginning NWC [NWC= CA – CL] Ⅲ. Cash flow to creditors (bondholders) Cash flow to creditors= interest paid – net new borrowing [在”long-term debt”里看] Ⅳ. Cash flow to stockholders (owners) Cash flow to stockholders= dividends paid – net new equity raised [在”common stock and paid-in surplus”里看] Chapter 3 Ⅰ. Short-term solvency, or liquidity, ratios Current ratio= Quick ratio= Cash ratio= Net working capital to total assets= Interval measure（间隔时间指标）= Ⅱ. Long-term solvency, or financial leverage, ratios Total debt ratio= Debt-equity ratio= Equity multiplier= Long-term debt ratio= Times interest earned ratio= Cash coverage ratio= Ⅲ. Asset management, or turnover, ratios Inventory turnover= (COGS) Days’ sales in inventory= Receivables turnover= NWC turnover= Fixed asset turnover= Total asset turnover= Ⅳ. Profitability ratios Profit margin= ROA= ROE= ROE= Ⅴ. Market value ratios Price-earnings ratio= [EPS= ] PEG ratio= Price-sales ratio= Market-to-book-ratio= Tobin’s Q ratio= Enterprise value-EBITDA ratio= Chapter 4 Ⅰ. Internal Growth Rate Internal growth rate= Ⅱ. Sustainable Growth Rate Sustainable growth rate= [b=plowback (intention) ratio=] [Addition to retained 本文来源：https://www.wddqw.com/doc/becba4fe75eeaeaad1f34693daef5ef7ba0d1232.html