Glossary

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Initial Public Offering (IPO):A corporation's first offering of stock to the public.

Interest coverage:Considers the extent to which all fixed financial charges are covered.

= Earning before interest and tax / Financial charges

Internal Rate of Return:This is the rate of return at which the present value of expected net cash flows from a project equal its initial cash outlays; a measure of the rate of profit per rupee investment. It is also defined as the discount rate that makes NPV equal to zero.

Inventory days : Inventory / (Cost of goods sold / 365)