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City Group Bank City Group Bank is the largest American bank and the largest corporation in the world, if measured by the assets. The U. S. bank has more than 3, 000 bank branches and more than 2, 000 locations in over 100 world countries.
The current ratio is calculated by dividing current assets by current liabilities. Although it is quite difficult to find exact figures for City Group Inc, the latest figures available are taken from web
31 -Dec- 2006
31 -Dec- 2005
Current Assets
Cash And Cash Equivalents
462, 961, 000
351, 097, 000
Short Term Investments
282, 817, 000
217, 464, 000
Net Receivables
44, 445, 000
42, 823, 000
Inventory
-
-
Other Current Assets
-
-
Total Current Assets
790, 223, 000
611, 384, 000
Current Liabilities
Accounts Payable
85, 119, 000
70, 994, 000
Short/Current Long Term Debt
450, 068, 000
309, 322, 000
Other Current Liabilities
857, 928, 000
713, 703, 000
Total Current Liabilities
1, 393, 115, 000
1, 094, 019, 000 According to these figures, current ratio is 790, 223, 000 / 1, 393, 115, 000 = 0. 5672 (31 -Dec- 2006) and 611, 384, 000 / 1, 094, 019, 000 = 0. 5588 (31 -Dec- 2005). Quick ratio, calculated as (Current Assets Inventories) / Current Liabilities is 0. 5672 According to Reuters, Citigroup's Net Profit Margin (TTM) is 4. 78, while Net Profit Margin - 5 Yr. average is 19. 55. Return On Equity (TTM) is 3. 08 while Return On Equity - 5 Yr. Avg.
is 14. 49 (Citigroup Inc C (NYSE) ) Return On Assets (TTM) is 0. 19, while Return On Assets - 5 Yr. Avg. is 1. 02 Price-earnings ratio (P/E Ratio (TTM) ) for the company is 36. 59 (while for the industry it is 16. 35). Times Interest Earned Ratio = (net income + interest) / interest. It indicates the extent of which earnings are available to meet interest payments. According to web it is equal to NI from Continuing Ops+Taxes from Containing+Interest Expense+Minority Interest divided by Interest Expense = (2, 212, 000 + 538, 000 + 20, 804, 000 + 20, 000) / 20, 804, 000 = 1. 13 Debt-to-equity is calculated as Total Liabilities/ Shareholders Equity = 1, 764, 535, 000 / 119, 783, 000 = (web 31 -Dec- 2006) = 14. 73109; as per 2007 it is 2, 069, 108. 00 / 113, 598. 00 = 18. 21429 (web) Total asset turnover for Citigroup Inc is 0. 05 (web) According to the latest information available, Citi reports a 4 Q net loss of $ 9. 83 billion, or $ 1. 99 per share.
Results include write-downs, increased credit costs, and strong business volumes. (CitiGroup). Overall, the company's position weakened significantly, due to global financial crisis, U. S. sub-prime crisis, etc. , and the company reports increase in credit costs predominantly due to higher current and estimated losses on consumer loans. However, despite reports losses, the company's position is relatively strong if compared to the other financial institutions in the U. S.
and international market. References CitiGroup. (n. d. ). Retrieved February 17, 2008, from web CitiGroup - Balance Sheet. (n. d. ). Retrieved February 17, 2008, from web Citigroup Inc C (NYSE). (n.
d. ). Retrieved February 17, 2008, from web
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