Skip to content
Back to Fiplan

Ratios and the rating

⏱ 6 min readUpdated on

A banker reads ratios first. Fiplan calculates them from the plan's income statement and balance sheet, compares them with thresholds, and sums up the whole with a score out of 100, translated into letters.

What it is for

The Financial Ratios tab shows one card per financial year — the rating, its meaning and the score out of 100 —, a Global Financial Profile radar chart, then four expandable categories: Profitability, Liquidity, Solvency and WCR & Activity. Each value carries a coloured dot: meets standards, to monitor, or action required.

Steps

  1. Open Results, Financial Ratios tab.
  2. Read the rating of each financial year and its meaning.
  3. Expand a category: each ratio, its value for each financial year, its rating and its trend.
  4. Hover over a value to read its status, or the reason for an “N/A”.
  5. Open the Rating Scale for the score → letter correspondence.
The Financial Ratios tab of Boulangerie Dupont: the three ratings, the radar chart and the Profitability category.
The Financial Ratios tab of Boulangerie Dupont: the three ratings, the radar chart and the Profitability category.

Worked example · Boulangerie Dupont SRL

The 2027 ratios, as the screen displays them:

RatioCalculation2027
Gross Margingross margin ÷ revenue69.3%
EBITDA MarginEBITDA ÷ revenue51.4%
Net Marginnet result ÷ revenue38.5%
ROEnet result ÷ equity80.6%
Current Ratiocurrent assets ÷ short-term debt3.99×
Solvencyequity ÷ balance sheet total63.3%
Gearingfinancial debt ÷ equity0.32×
Repayment CapacityEBITDA ÷ financial debt3.33×
Staff Cost Ratioremuneration ÷ revenue17.9%
Average Stock Daysclosing stock ÷ (supplies ÷ days in the financial year)16 j

The 2027 score is 98 / 100, which gives the rating AAA: 95 and above gives AAA.

Pitfalls

An “N/A” is not a zero. A ratio whose denominator is zero or negative — no debt, negative equity — is shown as “N/A”, with its reason; it does not count in the score.
The thresholds are Fiplan's. The rating compares each ratio with thresholds set in Fiplan: it is a reading, not a credit rating.

What it changes · 2027

① Income statementNo effect€0.00The ratios read the plan; they do not write it.
② CashThe net cash read by the ratios€133,416.58The cash on the balance sheet at 31 December.
③ Balance sheetNo effect€0.00The ratios do not change any item.

Source

Fiplan convention (financial-ratios.ts, working-capital.ts): the formulas, the thresholds (good, to monitor) and the rating scale (95 and above: AAA; 85: AA; 75: A; 65: BBB; 55: BB; 45: B; 35: CCC; 25: CC; 15: C; below: D) are those of the code. The score is the average of the ratings of the ratios that have thresholds, excluding “N/A”.