An Empirical Analysis of Liquidity of Selected Tyres Companies in India

Autor: Ajmera Butalal, C.
Rok vydání: 2019
Předmět:
DOI: 10.5281/zenodo.3247193
Popis: In this paper researcher has tried to examine the liquidity position of four selected tye firms in India. Name of the four selected firms are Balkrishna Industries ltd, TVS Srichakra ltd, Goving Rubber Ltd and JK Tyres Ltd. The study period was (5) years period from 2014 to 2018. Current ratio, quick ratio, debt equity ratio and long term debt equity were analytical tools. ANOVA test, mean, standard deviation and coefficient were used as statistical tools. Current ratio shows very bad liquidity position of all four selected firms. Whereas quick ratio shows very good liquidity position of three firms out of four selected firms. Debt equity ratio and long term debt equity ratio shows that proportion of debt in capital structure is excess over equity share capital. Thus solvency position is very weak because huge amount of debt creates technical risk in firms. Result of anova test for current ratio, quick ratio and long term debt equity shows significance difference. The result of anova test for debt equity ratio indicates insignificance difference.
Databáze: OpenAIRE