Bright Packaging Industry Analysis
Bright Packaging Industry was founded in 1988 in Malaysia. Company’s principal activities are based on manufacturing aluminium foil packaging materials. To be more precise, they are focusing on packaging of cigarettes, medicine, alcohol and sweets. Moreover, Bright Packaging Industry is involved in investment holding like property. Company is well-known with its reputation and quality of production. In addition to this, key of success in Bright Packaging industry are strong ethical relationships with customers and employees. Nowadays, their products are exported around the globe. These Company is trying to innovate their technologies and improve their production day by day. Furthermore, they are putting a lot of effort in improving skills
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However, in 2013 company’s total liabilities half decreased from RM14, 566, 088 to RM7, 089, 090. In order to interpret whether company has a lot of debts, it is better to look at ratio we have already calculated.
First of all, we have to look at current ratio, because it shows us whether company has a lot of debts and able to pay off them within 12 months. Current ratio calculations are listen in “appendix (a)”. According to these ratios calculated, we might assume that company is in financial safety and able enough to cover its liabilities. To be more exact, company’s current liabilities are not that high if to compare with its assets.
In order to ensure that company doesn’t have a lot of long term debts, we will look at total debt ratios and decide whether company’s liabilities are high within four years and then compare with current ratios for better understanding. According to calculations in “appendix (c) “, total debt ratios of 2010-2013 are below one. The lower debt equity ratios are, the smaller is financial risk of the company. Both types of the ratios tell us that among all four years company’s’ assets are higher than company’s liabilities, which means that Bright Packaging Industry is safe enough to cover all the debts within 12 months and
However, in 2013 company’s total liabilities half decreased from RM14, 566, 088 to RM7, 089, 090. In order to interpret whether company has a lot of debts, it is better to look at ratio we have already calculated.
First of all, we have to look at current ratio, because it shows us whether company has a lot of debts and able to pay off them within 12 months. Current ratio calculations are listen in “appendix (a)”. According to these ratios calculated, we might assume that company is in financial safety and able enough to cover its liabilities. To be more exact, company’s current liabilities are not that high if to compare with its assets.
In order to ensure that company doesn’t have a lot of long term debts, we will look at total debt ratios and decide whether company’s liabilities are high within four years and then compare with current ratios for better understanding. According to calculations in “appendix (c) “, total debt ratios of 2010-2013 are below one. The lower debt equity ratios are, the smaller is financial risk of the company. Both types of the ratios tell us that among all four years company’s’ assets are higher than company’s liabilities, which means that Bright Packaging Industry is safe enough to cover all the debts within 12 months and