Question

Research a company currently in the business news. Explain why it has been receiving media attention and describe the company's current financial condition compared to the rest of the industry. Support your answer with financial ratios and cite any references used.

Answer 1

A company which has recently been in news is Reliance industries because Facebook has bought 10% of its subsidiary which is reliance jio and which is a telecom giant in Indian telecom industry.

After the the buying of Facebook, various private equity firms which were either United State based or multinational firm which bought Stakes into the Reliance jio and measuring it at example revaluations.

it is receiving a lot of attention because it is focusing a lot on its dest restructuring program and it was to be a debt free company till 2021.

The financial ratios of companies are very good as the debt equity ratio is very lower and the profitability and other solvency ratios are also equally good so it is considered one of the best companies of India in relation to fair disclosure of books of accounts .

Price to earning ratio is close to 13, which is assigned that the valuation can even stretch further from here so the diversification of the company is playing a big role in its overall expansion and debt reduction.