Financial viability and sustainability
Presentation: TEI sector 2009 audit debriefing.
TEC's financial viability and sustainability measures for TEIs:
- Operating surplus/deficit to total income
- Core earnings – EBIITDA
- Net cash flows from operations
- Liquid funds ratio
- Ability to service debt – interest coverage ratio
- Quick ratio
- Debt equity ratio
- Achievement of EFTS
- Return on net assets employed
- Return on fixed assets employed
- Debt repayment – total debt less any surplus liquidity to operating surplus
- Trend and variability in financial viability indicators

Key themes
