Financial ratio glossary: definitions and calculation with Belgian accounts

Solvency, liquidity, equity, EBITDA, return, debt: each ratio explained, calculated with the codes of annual accounts filed with the National Bank, and compared with Belgian sector medians.

  1. 1 Solvency ratioThe solvency ratio (equity / total assets): formula with the NBB codes, how to read it and its median in the main Belgian sectors.
  2. 2 Current ratioThe current ratio (current assets / current liabilities): formula with the NBB codes, how to read it and its median in the main Belgian sectors.
  3. 3 EquityEquity (code 10/15): what it contains, what negative equity means and its median in the main Belgian sectors.
  4. 4 EBITDAEBITDA (operating result before depreciation) calculated with the codes of Belgian annual accounts, how to read it and its median by sector.
  5. 5 Return on equity (ROE)Return on equity (profit for the year / equity): formula with the NBB codes, how to read it and its median in the main Belgian sectors.
  6. 6 Debt ratioThe debt ratio (liabilities / total assets): formula with the NBB codes, how to read it and its median in the main Belgian sectors.