AstraZeneca Financing Analysis The WritePass Journal

AstraZeneca Financing Analysis Introduction AstraZeneca Financing Analysis ). Based on AstraZeneca’s figures, it has a gearing of 58%, as calculated in the table below: Long Term Liabilities $13.606 billion Total Equity $23.472 billion Gearing % 58% Long-term liabilities have been utilized in this calculation, as a bulk of the organisation’s short term liabilities are in the form of trade and other receivables, which are not necessarily considered financing options (Investopedia, 2012). According to Brigham and Ehrhardt (2010), an optimum gearing percentage is 50%, and companies with a higher percentage are usually regarded as â€Å"being aggressive in their long term financing†. AstraZeneca is 58% leveraged, so it can be assumed that the organization is using debt aggressively to finance its operations. Based on the charts below, it can be seen that AstraZeneca’s financing options has changed considerably over the past 7 years. The use of long-term debt as a source of financing has increased exponentially from $2.621 billion in 2003 to a high of $17 billion 2007, and most recently been on the decline to $13 billion. Total equity has also rise over the same period but not as high as long term debt. The financing options have been determined by calculating the leveraging percentage for each of the financial years from 2003 to 2011. The leveraging percentage for AstraZeneca has increased in line with the use of debt financing, and this has risen from 19.77% in 2003 to 58% in 2011. The results show that AstraZeneca is increasingly relying on debt as a form of financing, and is riskier for investors seeking to invest. However it has taken steps over the past 5 years to reduce its exposure to debt financing. This could be as a result of the financial crisis. The level of risk that could be attributable to this percentage can only be determined by assessing its leverage (and other financial ratios) against that of competitors in the industry to ascertain whether it is of an optimal standard or not. Overall, AstraZeneca seems to be increasingly financed by debt and this has risen over the past 7 years. References AstraZeneca (2012) Annual Reports, www.astrazeneca.com, accessed: 07/05/2012 Brigham, E. F., and Ehrhardt, M. C. (2010) Financial Management Theory and Practice, Cengage Learning, 1184pp Investopedia (2012) Leveraging Ratio, www.investopedia.com, accessed: 07/05/2012

How to Get Book Reviews 5 Unorthodox Tips

How to Get Book Reviews 5 Unorthodox Tips Going Viral: 5 New Opportunities to Get Book Reviews Last updated: 07/12/2017Dana Kaye is a Reedsy book publicist and author. Known for her innovative ideas and knowledge of current trends, she frequently speaks on the topics of social media, branding, and publishing trends. In this post, she shares her top 5 tips for getting book reviews.In the past ten years, the publishing landscape has changed dramatically, and that includes book coverage. Gone are the days when every local newspaper has a thick Sunday Arts section with at least four pages dedicated to book reviews and features. Long-form book reviews are being replaced by Instagram photos of books placed strategically among a wool blanket and steaming cup of coffee or a YouTube celebrity sharing the haul from her latest bookstore visit.   While the decline of newspapers may make it seem like books coverage is disappearing, there are more outlets than ever to get your book reviewed.Besides these options, you can also submit your book to Reedsy Discovery for review and exposure to thousands of readers!1. Book Review BloggersUnlike newspapers, which have to consider space constraints and an editorial staff, book bloggers have full control over the books they cover and the format of their reviews. Thousands of bloggers regularly review books, in addition to hosting giveaways and author interviews.Today @epicreads sent me a *gorgeous* finished copy of The Thousandth Floor!! There's been a lot of buzz around this book recently, and since it comes out this Tuesday I might start it tonight and let you guys know what I think😄💙ðŸ“â€" | #bookstagram #books #read #reading #thethousandthfloor