Activity 18 : Vodafone gearing answer
| Vodafone | 31 March 2002 | 31 March 2001 |
|---|---|---|
| £m | £m | |
| Creditors: Amounts falling due after more than one year | 13,118 | 11,235 |
| Equity shareholders' funds | 130,573 | 145,007 |
| Gearing Ratio for Vodafone | ||
|---|---|---|
| 31 March 2002 | 13,118: 130,573 | 0.100: 1 |
| 31 March 2001 | 11,235: 145,007 | 0.077: 1 |
As with the Carphone Warehouse, Vodafone's results clearly demonstrate that equity funding is the preferred source of finance for mobile telecommunications businesses with little danger of any threat from long term liability holders.
Here are some other Gearing 1 ratios to consider:
| Leisure & Hotels | International Airline | Manufacturer | Retailer | Discount Airline | Refining | Pizza Restaurants | Accounting Software | |
|---|---|---|---|---|---|---|---|---|
| Gearing 1 | 51.08% | 325.37% | 0.78% | 16.10% | 164.82% | 25.35% | 79.39% | 17.27% |
Back to Activity 18 : Vodafone gearing.
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