Financial Stability Of Caesars Travel Group.
The finance department in a company is of utmost importance as they are responsible for financial planning ensuring that adequate funds are available for achieving the objectives of the organization. Moreover, it is the finance department which makes sure that the prices are controlled, besides looking after the cash flow and controlling profitability levels. One of the most important jobs of the finance department of a company is to identify the necessary financial information which should be revealed to managers so that they can make informed decisions and judgments. The department is also responsible for making financial documents and preparing the final accounts so that they can be presented in the annual general meetings of the company.
Caesars Travel Group has an efficient and qualified finance department for each wing, managed by more than 50 qualified accountants and cashiers.
Financial stability of Caesars Travel Group
Investors and other external users of financial information will often need to measure the performance and financial health of an organization. This is done in order to evaluate the success of the business, determine any weaknesses of the business, compare current and past performance, and compare current performance with industry standards. Financially stable organizations are desirable, because a financially stable business is one that successfully ensures its ability to generate income for investors and retain or increase value. There are many different methods that can be used alone or together to help investors assess the financial stability of an organization. One of the most common methods is financial ratio analysis. The basic ratios include five categories: profitability ratios, liquidity ratios, debt ratios, and asset activity ratios.
|Profitability ratios measure the profitability of the organization. They include the gross profit margin, operating profit margin, net profit margin, the return on assets (ROA) ratio, and the return on equity (ROE) ratio. Caesars Travel Group financial statements are all in positive with the above ratio standards.|
|Liquidity ratios measure the organizations ability to meet short-term obligations which include the current ratio and the quick ratio and Caesars Travel Group always functions within these parameters.|
Debt ratios measure the amount of debt an organization is using and the ability of the organization to pay off the debt. These include the debt to total assets ratio and the times interest earned ratio. Asset activity ratios measure how efficiently the company is using its assets. These include the average collection period ratio, the inventory turnover ratio, and the total asset turnover ratio.
Caesars Travel Group, having no debt obligations till-date, is using our assets efficiently for the expansion of our organization with a healthy financial management.
Financial ratio analysis can be an invaluable resource to investors and external users who must determine the financial stability of an organization. This is important, because financial stability represents the soundness, dependability, and efficiency of the business. Understanding how to calculate and interpret financial ratios is an important step in analyzing the financial health of an organization. Caesars Travel Group’s financial statements are audited by the international group of auditors: KPMG SAFI AL-MUTAWA & PARTNERS
“We are having the ability to establish and maintain strong working relationships with customers by facilitating our relevant continuous professional approach to make them feel satisfied towards their dealings with us.” – Sanjiv Kumar
Group Financial Controller