Moratorien und andere Sonderregelungen des Zahlungsverkehrs im Auslande

Répertoire des administrateurs & commissaires de société, des banques, banquiers et agents de change de France et de Belgique

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Monograph

Identifikator:: 1004499035

URN:: urn:nbn:de:zbw-retromon-18411

Document type:: Monograph

Title:: Moratorien und andere Sonderregelungen des Zahlungsverkehrs im Auslande

Edition:: Dritte vervollständigte Auflage

Place of publication:: Berlin

Publisher:: [Liebheit & Thiesen]

Year of publication:: 1914

Scope:: 1 Online-Ressource (verschiedene Seitenzählungen)

Digitisation:: 2017

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Luxemburg

Collection:: Economics Books

II. THE RATIO OF CURRENT LIABILITIES TO TOTAL EQUITIES The Current Liabilities of a utility company constitute only a small fraction of its Total Equities. Unlike most industries, the utility com- panies sell a service furnished through their vast fixed plants, and do not trade in a merchandise to be resold. This condition is reflected in the Current Liabilities. A survey of the ratio of Current Liabilities to Total Equities of companies over the entire United States gave the following: Total cases analyzed........... Cases with no Current Liabilities. . .. Cases with very highratio............. Cases incorporated in Chart 2a. . . 3 26 t,581 29 1.552 The 26 high ratios ranged from .36 to .94, of which 9 belonged to one company. The concentration of these ratios about a central figure (average) is shown as follows. The 1,552 ratios were divided into 18 uniform groups of 2 per cent each from 0-.019, .02-.039, etc. Slightly over 25 per cent of these cases fell in one group—that from .02-.039—while 61 per cent of all these cases fell in the three groups included from .00-.059. Looking at this from another view, the Current Liabilities of 61 per cent of the cases constituted less than 6 per cent of the Total Equities. The typical ratio for this distribution is .031; i.e., 3.1 per cent of the total equities consist of current liabilities in the typical company. THE GEOGRAPHICAL DISTRIBUTIONS Table IIb gives the frequency distributions for the ratio of Cur- rent Liabilities to Total Equities when the cases are divided according to their territorial locations of East, Middle West, West, and South. The approximated mode for each section, and the respective de- orees of concentration are as follows: Modal ratio. ......... ee Concentration about the mode. .. Middle East West West South 033 .033 .028 .034 529 70%, 679%, 629, The modes (averages) do not vary much, the West with its aver- age of .028 differing from the other three sections. In each group the concentration is high, especially in the Middle West where 70 per cent of all the cases are located in the highest bar and the bar on each side.

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