64 (for 2008). This was calculated by taking ($553 billion / $36.5 billion = 15.36) and ($420 billion / $19.4 billion = 21.64). NAB would have a debt to equity ratio of: 16.92 (for 2009) and 17.55 (for 2008). This number was calculated by taking ($616 billion / $37.8 billion = 16.92) and $639 billion / $36.4 billion = 17.55). The debt to total assets for Westpac would be: .37 (for 2009) and .42 (for 2008). This was calculated by taking ($133 billion + $90.4 billion / $589 billion = .37) and ($100 billion + $86 billion / $439 billion = .42) NAB has a debt to total assets ratio of: .97 (for 2009) and .97 (for 2008). This number was calculated by taking: $57.3 billion + $579.8 billion / $654 billion = .94) and ($68.6 billion + $593.4 / $676 billion = .97). The low reading from the debt to equity and debt to total assets ratio, is an indication that Westpac has more than enough assets to cover their short- and long-term obligations. Evidence of this can be seen with the debt levels remaining close to each other, despite a recession occurring during this time. (Westpac Group 2009 Annual Report 2010, pp. 69 -- 114) (2009 Full Year Results, pp. 3 -- 34)
What, in your opinion, are the significant changes between the two-year (2008 and 2009) and have these changes had a positive or negative impact on the operating activities for the company?
The significant changes are that Westpac has been: increasing their debt and maintaining their profit margins. This has had a positive impact on the company, by improving their overall bottom line numbers, allowing them to take advantage of various opportunities.
How much debt has...
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