On November 21, 2018, the Honourable Bill Morneau presented the federal government’s 2018 Fall Economic Update as Minister of Finance with tax measures focused on enhanced tax deductions for investments by all businesses in capital property.
Financial ratios are like a thermometer for various aspects of your business's health. By keeping an eye on these numbers, you can act quickly to mitigate potential risks and look into relevant elements of your books to make data-backed decisions that help drive up profitability.
This calculator is designed to show you 10 different financial ratios. Financial ratios are used as indicators that allow you to zero in on areas of your business that may need attention such as solvency, liquidity, operational efficiency and profitability.