Spartech Corporation: A Financial Ratio Analysis
Spartech Corporation is a leading producer of extruded thermoplastic sheet and rollstock, polymeric compounds, and custom engineered plastic products. Their annual production capacity amounts to more than 1.7 billion pounds produced in manufacturing facilities located throughout the United States, Canada, Mexico and Europe.
The company's financial ratios for 2004, 2005, and 2006 were analyzed and indicates that the company is not without problems.
The current ratio for the company has been on a steady decline over the last three years. From the standpoint of a creditor, the reduction of the company's current ratio is not good as the company's short term liabilities is outgrowing its current assets. However, when you look at the company's balance sheets, you see that cash was depleted to be invested in long term assets (property, plant & equipment). The cash depletion along with the increase in Notes Payable attributed to the decline in the current ratio which indicates the......
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Approximate Word Count: 1090
Approximate Pages: 5 (250 words per double-spaced page)
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Spartech Corporation: A Financial Ratio Analysis
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