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RAZONES FINANCIERAS DE EFICIENCIA

(
)

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5

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RAZONES FINANCIERAS DE RENTABILIDAD Y CREACIN DE VALOR


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RAZONES DE LIQUIDEZ-CORTO PLAZO


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RAZONES DE LIQUIDEZ- ENDEUDAMIENTO LARGO PLAZO


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RAZONES DE MERCADO
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5 E 3
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Utilidad Neta
(+) Intereses
(+) Depreciacin y Amortizacin
(=) Flujo de Caja Bruto
(-) KTNO
(-) CAPEX
(=) Flujo de Caja Libre

O
D

0 3
0 3

/
3T

0 3
/

)
= J
5

KJ

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