Tech power International

Income statement
For the year ended Dec 31,2019 and Dec 31, 2018
Figures in thousands of USD
2019 2018
Sales 4,750.00 4,120.00
COGS 2,315.00 2,210.00
Gross Profit 2,435.00 1,910.00
selling expenses 220.00 150.00
General and administrative expense 355.00 205.00
Fixed Expenses 100.00 100.00
EBITDA 1,760.00 1,455.00
Depretion expense 117.50 80.00
EBIT 1,642.50 1,375.00
Intrest expense 72.00 70.00
EBT 1,570.50 1,305.00
Taxes (35%) 549.68 456.75
Net income 1,020.83 848.25

intrest rate 7.06%

 Techpower International
Balance sheet
As DEC. 31, 2-19 and Dec 31 , 2018
Figures in thousands of USD
2019 2018
Assets:
Cash and Equivalents 899.33 350.00
Account receivable 970.00 780.00
Inventory 850.00 720.00
Total current Assets 2,719.33 1,850.00
Gross plant and equipment 2,650.00 2,500.00
Accumulated depreciation 742.50 625.00
Net long term Assets 1,907.50 1,875.00
Total Assets 4,626.83 3,725.00
Liabilities and owners equity:
Account payable 710.00 780.00
short term notes payables 280.00 250.00
other current liab 50.00 80.00
Total current Liabilities 1,040.00 1,110.00
Long term debt 740.00 550.00
other long term 30.00 25.00
Total long term LIAB 770.00 575.00
Total Liabilities 1,810.00 1,685.00
Common stocks 710.00 694.00
Preferred stocks 390.00 390.00
Retained earnings 1,716.83 956.00
Total Shareholders equity 2,816.83 2,040.00
Total LIAB and EQUITY 4,626.83 3,725.00
Ratio 2019 2018 Industry
liquidity ratios
current ratio 2.61 1.67 2.37
Quick ratio 1.80 1.02 1.82
Efficiency ratios
A/R turnover 4.90 5.28 6.28
Average collection period 73.52 68.16 57.16
Fixed assets turnover 2.49 2.20 2.40
total asset turn over 1.03 1.11 1.11
Leverage ratios
Total debt ratio 39.12% 45.23% 37.23%
long term debt ratio 16.64% 15.44% 22.94%
debt to equity 64.26% 82.60% 72.60%
Coverage ratios
Times interest earned 22.81 19.64 25.64
Profitability ratios
Gross profit margin 51.26% 46.36% 25.20
operating profit margin 34.58% 33.37% 36.37%
return on total assets 22.06% 22.77% 15.77%
return on equity 36.24% 41.58% 24.58%