Measures the percentage of capital expenditures to sales.

Unit: Actual.
Mesure le pourcentage des dépenses en capital par
rapport aux ventes. Unité: réelle.

INDUSTRIALS, BANKS, FINANCIALS, INSURANCE, UTILITIES,

REITS, & MUNICIPAL REVENUE
Calculated as:

[(Capital Expenditures * -1) / Net Sales] * 100

Capital Where:
Expenditu Capital Expenditures is RR014, CAPITAL_EXPEND
CAP_EXPEND_TO_S res to Net Sales is IS010, SALES_REV_TURN
ALES Sales https://www.youtube.com/watch?v=KsdOj6woNJA

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INDUSTRIALS, FINANCIALS, UTILITIES & REITS

Mesure la capacité de l'entreprise à rembourser sa dette en

utilisant le bénéfice avant intérêts, impôts et
amortissements

Measure computes the company's ability to pay off its debt

by utilizing the earnings before interest, taxes, depreciation
and amortization (EBITDA). Unit: Actual. Calculated as:
Net Debt / (Trailing 12 Month EBITDA+EBITDA Annualization
Transition Adjustment for Operating Lease)

Where:
Net Debt is RR208, NET_DEBT
Trailing 12M EBITDA is RR841, TRAIL_12M_EBITDA.
EBITDA Annualization Transition Adjustment for Operating
Lease is F1521, EBITDA_ANN_TRANS_ADJ_OP_LEA_EXP

Equity Index
Current Net Debt/EBITDA Ratio. Calculated as:
Net Debt Per Share (RX071, NET_DEBT_PER_SHARE) divided
by Trailing 12M EBITDA Per Share (RR009, EBITDA).

Currency
Applies only to Credit Default Swap (CDS) indices.

Net Please reference Net Debt/EBITDA Adjusted (F1178,

NET_DEBT_TO_EBIT Debt/EBITD NET_DEBT_EBITDA_ADJUSTED) for the adjusted value that
DA A excludes the impact of abnormal items.
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TOT_DEBT_TO_TOT_ASSET

Total Debt to Total Assets

Leverage ratio in percentage that defines the total amount of debt relative to assets. This enables
comparisons of leverage to be made across different companies. Calculated as:

Ratio de levier en pourcentage qui définit le montant total de la dette par rapport aux actifs. Cela
permet de comparer les effets de levier entre différentes entreprises.

Total Debt *100 / Total Assets

Where:

Total Debt is RR251, SHORT_AND_LONG_TERM_DEBT

Total Assets is BS035, BS_TOT_ASSET

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PROF_MARGIN

Profit Margin

Measuring the company's profitability, this ratio is the comparison of how much of the revenue
incurred during the period was retained in income. Calculated as:

Mesure la rentabilité de l'entreprise, ce ratio est la comparaison de la part des revenus encourus au
cours de la période qui a été conservée en résultat.

INDUSTRIALS, FINANCIAL, INSURANCE, UTILITIES, & REITS

(Net Income / Revenue) * 100

Where:

Net Income is IS050, NET_INCOME

Revenue is IS010, SALES_REV_TURN

BANKS

(Net Income / Net Revenue ) *100

Where:

Net Income is IS050, NET_INCOME

Net Revenue is RR209, NET_REV

MUNICIPAL REVENUE

(Change in Net Assets / Revenue) *100

Where:

Change in Net Assets is IS534, IS_CHANGE_IN_NET_ASSETS

Revenue is IS010, SALES_REV_TURN

Municipal Revenue is for Municipal issues under the Equity key only.

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EBITDA_TO_REVENUE

EBITDA Margin

INDUSTRIALS, FINANCIALS, UTILITIES & REITS

Measure, in percentage, calculates the relation of Earnings Before Interest, Taxes, Depreciation and
Amortization to Revenue. Calculated as:

'EBITDA désigne communément les revenus d'une entreprise avant soustraction des intérêts, impôts,
dotations aux amortissements et provisions sur immobilisations. Indicateur des résultats économiques
d'une entreprise créé aux États-Unis, l'EBITDA se rapproche assez sensiblement de l'excédent brut
d'exploitation (EBE). Il permet ainsi de dégager la création de richesse des entreprises dans l'optique de
pouvoir les comparer entre elles sans avoir à tenir compte des différences de traitement comptables. Un
EBITDA positif signifie qu'une entreprise est rentable mais pas qu'elle est bénéficiaire. En effet, l'EBITDA ne
prend pas en compte la politique d'investissement, de financement et l'impact des impôts et taxes.  Au
contraire, un EBITDA négatif signifie que la société n'est pas profitable.  

(EBITDA / Revenue) * 100

Where:

EBITDA is RR009, EBITDA

Revenue is IS010, SALES_REV_TURN

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QUICK_RATIO

Quick Ratio

INDUSTRIALS, UTILITIES, & MUNICIPAL REVENUE

Ratio to indicate the company's ability to pay back its short-term liabilities with its liquid assets. Unit:
Actual. Calculated as:

Un ratio indiquant la capacité d’une entreprise a rembourser ses dettes de court terme avec sa
trésorerie active.

(Cash and Near Cash + Short Term Investments + Account Receivables) / Current Liabilities

Where:

Cash and Near Cash is BS010, BS_CASH_NEAR_CASH_ITEM

Short Term Investments is BS011, BS_MKT_SEC_OTHER_ST_INVEST

Account Receivables is BS012, BS_ACCT_NOTE_RCV

Current Liabilities is BS050, BS_CUR_LIAB

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CASH_RATIO

Cash Ratio

INDUSTRIALS & UTILITIES

Ratio which indicates a company's liquidity. Calculated as:

The cash ratio, sometimes referred to as the cash asset ratio, is a liquidity
metric that indicates a company’s capacity to pay off short-term debt
obligations with its cash and cash equivalents. Compared to other liquidity
ratios such as the current ratio and quick ratio, the cash ratio is a stricter,
more conservative measure because only cash and cash equivalents  – a
company’s most liquid assets – are used in the calculation.

[(Cash and Near Cash Items + Mrktable Sec & Other ST Invts) / Current Liabilities]

Where:
 Cash and Near Cash Items is BS010, BS_CASH_NEAR_CASH_ITEM

Mrktable Sec & Other ST Invts is BS011, BS_MKT_SEC_OTHER_ST_INVEST

Current Liabilities is BS050, BS_CUR_LIAB

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RETURN_ON_ASSET

Return on Assets

Indicator of how profitable a company is relative to its total assets, in percentage. Return on assets
gives an idea as to how efficient management is at using its assets to generate earnings.

INDUSTRIALS, BANKS, FINANCIALS, UTILITIES, & REITS

Calculated as:

(Trailing 12M Net Income / Average Total Assets) * 100

Where:

Trailing 12M Net Income is RR813, TRAIL_12M_NET_INC

Average Total Assets is the average of the beginning balance and ending balance of BS035,
BS_TOT_ASSET

INSURANCE

((Trailing 12M Net Income + Trailing 12M Policyholders' Surplus) / Average Total Assets) * 100

Where:

Trailing 12M Net Income is RR813, TRAIL_12M_NET_INC

Trailing 12M Policyholders' Surplus is RR713, TRAIL_12M_POLICY_HOLDER_SURPLUS

Average Total Assets is the average of the beginning balance and ending balance of BS035,
BS_TOT_ASSET
Please reference Return on Assets Adjusted (F1170, RETURN_ON_ASSETS_ADJUSTED) for the
adjusted value that excludes the impact of abnormal items.