The Ratios

As shown in the following extract, a number of coverage ratios and measures of return are reported by the Model on the page setting out a snapshot of results. It produces over twenty of them, but not all of them would be of equal importance in the mind of a rational bidder.

In fact, the Databook which accompanies and describes the model identifies eight ratios which the Bidder focussed on particularly, and these Operis has highlighted in grey in the extract below. Operis has further surrounded by heavy boxes four ratios which it considers particularly significant.