Through the analysis table above we see:
The company's overall liquidity ratio in both years is low and equal at 1.82. However, all external funding is secured by assets. Although the company's overall liquidity ratio is low, it can still be considered safe. The main reasons for this situation are:
- The company's capital is occupied by large customers, causing a decrease in working capital turnover.
- Debt collection is ineffective, so to ensure capital needs for business, the company has increased short-term borrowing.
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Because the company has no inventory, the Current Ratio is equal to the Quick Ratio and in 2012 it was 0.85, an increase of 0.14 times compared to 2011. However, this ratio is still too low. This situation comes from the situation of many outstanding receivables. Such a low payment ratio shows that the company is having difficulty in paying off debts quickly, the company needs to take measures to overcome this situation.
Conclude
The balance sheet plays a very important role for any business, not only reflecting the status of assets and capital of the business but also being a convincing proof for a loan project when the business submits to the bank, and at the same time is also a reliable basis for partners to consider when wanting to cooperate with the business. Like any business, the balance sheet is always a matter of concern in the Dong Do Maritime Joint Stock Company Branch in Hai Phong.
For that reason, after the internship at the Dong Do Maritime Joint Stock Company Branch in Hai Phong, I chose the topic: " Preparing and analyzing the balance sheet at the Dong Do Maritime Joint Stock Company Branch in Hai Phong " as the topic of my graduation thesis. My topic has achieved the following issues:
- In theory : Understand general issues about financial reporting systems, methods of preparing and analyzing financial reports in enterprises.
- In practice : Reflecting the actual work of preparing and analyzing the Balance Sheet at the Branch of Dong Do Maritime Joint Stock Company in Hai Phong, seeing the advantages and disadvantages in the work of preparing and analyzing the Balance Sheet in the company. Making recommendations to improve the work of preparing and analyzing the Balance Sheet of the company.
My thesis was completed thanks to the enthusiastic help of the company's board of directors, the uncles and aunts in the finance and accounting department at Dong Do Maritime Joint Stock Company Branch in Hai Phong and the dedication of my supervisor.
Due to limited internship time, collecting documents and studying accounting work at the Finance - Accounting Department of Dong Do Maritime Joint Stock Company Branch in Hai Phong, I cannot avoid shortcomings. I look forward to receiving comments from teachers so that my graduation thesis can be completed.
Due to limited internship time and lack of experience, my thesis cannot avoid shortcomings. I look forward to receiving comments and guidance from the company's board of directors, the finance and accounting department, and teachers to improve my thesis.
Hai Phong, June 12, 2013
Student
Le Thi Thu Hoai