I only need the 3rd Part.
Comparison and assessment of earlier ratios for the used accounting period compared to the previous accounting period. (i.e. the ratio became better of worse and why).
Company was boubyan bank which is listed in Kuwait Stock Exchange. I have attached the financial statement and ratio calculations in an excel sheet.
Need 600 words ratio analysis.
Income Statement
| 2022 | 2020 | |||
| 31-Dec | 31-Dec | |||
| Net Interest Income | 167.22 | 138.89 | ||
| Interest Income, Bank | 283.71 | 223.06 | ||
| Total Interest Expense | 116.49 | 84.17 | ||
| Loan Loss Provision | 43.61 | 57.43 | ||
| Net Interest Income After Loan Loss Provision | 123.62 | 81.46 | ||
| Non-Interest Income, Bank | 31.96 | 39.82 | ||
| Non-Interest Expense, Bank | -101.38 | -87.66 | ||
| Net Income Before Taxes | 56.38 | 33.62 | ||
| Provision for Income Taxes | 2.11 | 0.07 | ||
| Net Income After Taxes | 54.27 | 33.55 | ||
| Minority Interest | 30.68 | 0.87 | ||
| Equity In Affiliates | – | – | ||
| U.S GAAP Adjustment | – | – | ||
| Net Income Before Extraordinary Items | 57.79 | 34.42 | ||
| Total Extraordinary Items | – | – | ||
| Net Income | 57.79 | 34.42 | ||
| Total Adjustments to Net Income | -6.07 | -5.19 | ||
| Income Available to Common Excluding Extraordinary Items | 51.72 | 29.23 | ||
| Dilution Adjustment | 6.07 | – | ||
| Diluted Net Income | 51.72 | 29.23 | ||
| Diluted Weighted Average Shares | 3866.54 | 3538.58 | ||
| Diluted EPS Excluding Extraordinary Items | 0.013 | 0.008 | ||
| DPS – Common Stock Primary Issue | 0.006 | – | ||
| Diluted Normalized EPS | 0.01 | 0.006 |
Balance Sheet
| 2022 | 2021 | ||
| 31-Dec | 31-Dec | ||
| Total Current Assets | 1153.54 | 1148.03 | |
| Total Assets | 7880.76 | 7351.9 | |
| Cash & Due from Banks | 729.43 | 766.01 | |
| Other Earning Assets, Total | 51.57 | 51.57 | |
| Net Loans | 5913.52 | 5513.07 | |
| Property/Plant/Equipment, Total – Net | 128.63 | 108.2 | |
| Property/Plant/Equipment, Total – Gross | – | – | |
| Accumulated Depreciation, Total | – | – | |
| Goodwill, Net | – | – | |
| Intangibles, Net | – | – | |
| Long Term Investments | 612.68 | 533.42 | |
| Other Long Term Assets, Total | 72.39 | 49.17 | |
| Other Assets, Total | 315.69 | 274.82 | |
| Total Current Liabilities | 6160.41 | 6013.94 | |
| Total Liabilities | 6901.06 | 6601.83 | |
| Accounts Payable | 5961.73 | 5618.79 | |
| Payable/Accrued | – | 26.81 | |
| Accrued Expenses | – | 11.87 | |
| Total Deposits | 5961.73 | 5618.79 | |
| Other Bearing Liabilities, Total | 198.68 | 395.15 | |
| Total Short Term Borrowings | – | – | |
| Current Port. of LT Debt/Capital Leases | 198.68 | 395.15 | |
| Other Current liabilities, Total | – | – | |
| Total Long Term Debt | 637.63 | 485.37 | |
| Long Term Debt | 637.63 | 485.37 | |
| Capital Lease Obligations | – | – | |
| Deferred Income Tax | – | – | |
| Minority Interest | 30.68 | 36.15 | |
| Other Liabilities, Total | -6088.06 | -5947.57 | |
| Total Equity | 979.7 | 750.07 | |
| Redeemable Preferred Stock, Total | – | – | |
| Preferred Stock – Non Redeemable, Net | – | – | |
| Common Stock, Total | 373.87 | 317.97 | |
| Additional Paid-In Capital | 316.94 | 156.94 | |
| Retained Earnings (Accumulated Deficit) | 89.23 | 75.97 | |
| Treasury Stock – Common | -0.054 | -0.054 | |
| ESOP Debt Guarantee | – | – | |
| Unrealized Gain (Loss) | – | -3.58 | |
| Other Equity, Total | 199.71 | 199.24 | |
| Total Liabilities & Shareholders' Equity | 7880.76 | 7351.9 | |
| Total Common Shares Outstanding | 3738.21 | 3338.24 | |
| Total Preferred Shares Outstanding | – | – |
Ratio analysis
| Balance Sheet Ratio | Incme Statement Ratio | |||||||
| Liquidity Ratio | Profitability Ratio | |||||||
| 2022 | 2021 | 2022 | 2021 | |||||
| Current Ratio | 0.187 | 0.191 | Net Profit margin | 28.76% | 25.80% | |||
| Quick Ratio | 0.118 | 0.127 | Operating Profit margin | 50.25% | 53.72% | |||
| Return on assets | 0.73% | 0.79% | ||||||
| Leverage Ratio | Coverage ratio | |||||||
| 2022 | 2021 | 2022 | 2021 | |||||
| Long term Debt ratio | 0.65 | 0.65 | Interest Coverage ratio | 1.22 | 0.93 | |||
| Debt to Equity | 7.04 | 8.80 | ||||||
| Financial leverage | 8.04 | 9.80 | ||||||
| Cash flow ratio | ||||||||
| Long Lived assets Ratio | 2022 | 2021 | ||||||
| 2022 | 2021 | Revenue per share | 0.04 | 0.04 | ||||
| Fixed asset Turnover | 0.29 | 0.31 | Cash flow per share | -0.13 | -0.13 | |||
| Price to Sales | 16.10 | 16.10 | ||||||