Volume : III, Issue : XII, December - 2014

Ratios Used to Measure the Financial Performance of the Employees Credit Cooperative Societies

Sukumar Paitandi

Abstract :

Positive financial planning and management, both are the primary elements to the successful operation of any cooperatives. Positive financing means the requirement of both equity and borrowed capital. It also comprises the analysis of financial records for proper financial controls. This study tries to pinpoint those financial ratios which are very useful to measure the financial soundness and stability of the Employees’ Credit Cooperative Societies (ECCS). ECCS is one of the types of Non-agricultural Credit Cooperative Societies. The ECCS performs for the benefits of employees’ or workers’ that get a regular monthly salary. The primary objective of the ECCS is to grant loans & advances to their members at a very reasonable rate of interest. Ratio analysis is an important tool to understand and examine the profitability, liquidity and solvency position of the ECCS. ECCS management should find financial ratios to be an important tool in performing this management function.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Sukumar Paitandi Ratios Used to Measure the Financial Performance of the Employees’ Credit Cooperative Societies International Journal of Scientific Research, Vol : 3, Issue : 12 December 2014

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