Grifols, S. A., is a Spanish pharmaceutical company focusing on the development, manufacturing, and sale of therapeutic
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a. What is a credit rating and why would a potential investor in bonds be interested in a companys credit rating?
b. What type of factors does a credit rating agency consider in rating a company?
c. Compute funds from operations over debt and debt to EBITDA for 2012 and 2013 using the selected financial statement information above.
d. Using the benchmarks from Exhibit 14.9, assess the financial risk of the company using these indicators. Assess its financial risk profile at the end of 2013. How does 2013 compare to 2012?
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Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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