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In this project, you are required to select a non-financial company and a competitor from the same industry that is close in size to your chosen company and analyze the below mentioned issues over each of the last five years. Moreover, discuss the trend in ratios relative to the competitor across time. You are also required to include graphs to illustrate your arguments.
Project description The home depot vs. Lowes Choose a non-financial company and a competitor from the same industry that is closest in size to your chosen company (measured by total assets). For both, your chosen company and its competitor, analyze the following issues over each of the last five years.
1. Covenants Using the companys most recently filed SEC filings in the business database of Lexis Universe, a.Identify the covenants related to the companys debt contracts. Are these covenants affirmative or restrictive in nature? b.How close is the company to violating any of the covenants? c.What is the companys credit rating? Do the covenants require the company to maintain a certain credit rating?
2.Ratio analysis Compute the ratios provided in the lecture slides a.Liquidity b.Solvency c.Operating profitability
Discuss in detail, the trend in these ratios relative to the competitor and across time. What insights can we draw from these financial statement variables regarding the risks to the companys creditors? Include graphs in addition to an appendix with the ratios to illustrate your arguments.
