Fresenius Medical Care AG & Co. KGaA
Buy, Hold or Sell?

Let's analyse Fresenius Medical Care AG & Co. KGaA together

Penke I guess you are interested in Fresenius Medical Care AG & Co. KGaA. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Fresenius Medical Care AG & Co. KGaA. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about Fresenius Medical Care AG & Co. KGaA

I send you an email if I find something interesting about Fresenius Medical Care AG & Co. KGaA.

Quick analysis of Fresenius Medical Care AG & Co. KGaA (30 sec.)

1. Valuation of Fresenius Medical Care AG & Co. KGaA (5 min.)

Current price per share

€40.58

Book Value per Share

€52.65

2. Growth of Fresenius Medical Care AG & Co. KGaA (5 min.)

Is Fresenius Medical Care AG & Co. KGaA growing?

	Current year	Previous year	Grow	Grow %
How rich?	$16.5b	$14.3b	$2.3b	14.1%

How much money is Fresenius Medical Care AG & Co. KGaA making?

	Current year	Previous year	Grow	Grow %
Making money	$225.2m	$259.5m	-$34.2m	-15.2%
Net Profit Margin	4.3%	5.5%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Fresenius Medical Care AG & Co. KGaA (5 min.)

4. Comparing to competitors in the Medical Care Facilities industry (5 min.)

Industry Rankings (Medical Care Facilities)

Richest
#7 / 215

Most Revenue
#10 / 215

Most Profit
#11 / 215

Most Efficient
#99 / 215

Fundamentals of Fresenius Medical Care AG & Co. KGaA

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

1.1. Profitability of Fresenius Medical Care AG & Co. KGaA.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Fresenius Medical Care AG & Co. KGaA earns for each €1 of revenue.

Above 10% is considered healthy but always compare Fresenius Medical Care AG & Co. KGaA to the Medical Care Facilities industry mean.
A Net Profit Margin of 3.9% means that €0.04 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Fresenius Medical Care AG & Co. KGaA:

The MRQ is 3.9%. The company is making a profit. +1
The TTM is 4.3%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	3.9%	TTM	4.3%	-0.5%
TTM	4.3%	YOY	5.5%	-1.2%
TTM	4.3%	5Y	7.0%	-2.7%
5Y	7.0%	10Y	6.9%	+0.1%

Compared to industry (Medical Care Facilities)

Period	Company	Industry (mean)	+/-
MRQ	3.9%	2.9%	+1.0%
TTM	4.3%	3.0%	+1.3%
YOY	5.5%	4.1%	+1.4%
5Y	7.0%	3.2%	+3.8%
10Y	6.9%	3.1%	+3.8%

Measures how much net profit Fresenius Medical Care AG & Co. KGaA earns for each €1 of revenue.

Revenue is the amount of profit Fresenius Medical Care AG & Co. KGaA generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you €3. The company does not earn €3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is €1.5.

The €3 you pay for a cup of coffee is called revenue.
The €1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Fresenius Medical Care AG & Co. KGaA earns for each €1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Fresenius Medical Care AG & Co. KGaA to the Medical Care Facilities industry mean.
Can be used to compare companies within the Medical Care Facilities industry.

You typically want a high profit margin. This means that for each €1 in sales, Fresenius Medical Care AG & Co. KGaA makes more profit. This shows the investor how efficiently Fresenius Medical Care AG & Co. KGaA is operating in general and compared to other companies in the same industry. Fresenius Medical Care AG & Co. KGaA operates in the Medical Care Facilities industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Fresenius Medical Care AG & Co. KGaA. If profit margins remain low (compared to the Medical Care Facilities industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Fresenius Medical Care AG & Co. KGaA is 0.04. This means that Fresenius Medical Care AG & Co. KGaA earned €0.04 for each €1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Medical Care Facilities industry is 2.9%.
What is the trend?
The trend is important because it shows you how Fresenius Medical Care AG & Co. KGaA is performing over time. The most recent quarter might be important if Fresenius Medical Care AG & Co. KGaA released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fresenius Medical Care AG & Co. KGaA up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Fresenius Medical Care AG & Co. KGaA with other companies in the same industry (Medical Care Facilities).
Net profit margin should rise over the years.
Can be influenced when Fresenius Medical Care AG & Co. KGaA sells assets (profit will increase while costs remain the same).
It won’t show what part of Fresenius Medical Care AG & Co. KGaA is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Fresenius Medical Care AG & Co. KGaA

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Fresenius Medical Care AG & Co. KGaA = 193,582
Total revenue MRQ Fresenius Medical Care AG & Co. KGaA = 4,996,802
€193,582 / €4,996,802 = 0.04 or 3.9%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Fresenius Medical Care AG & Co. KGaA is using its assets to generate profit.

Above 5% is considered healthy but always compare Fresenius Medical Care AG & Co. KGaA to the Medical Care Facilities industry mean.
0.5% Return on Assets means that Fresenius Medical Care AG & Co. KGaA generated €0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Fresenius Medical Care AG & Co. KGaA:

The MRQ is 0.5%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.6%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.5%	TTM	0.6%	0.0%
TTM	0.6%	YOY	0.7%	-0.1%
TTM	0.6%	5Y	1.0%	-0.4%
5Y	1.0%	10Y	1.1%	-0.1%

Compared to industry (Medical Care Facilities)

Period	Company	Industry (mean)	+/-
MRQ	0.5%	0.9%	-0.4%
TTM	0.6%	1.0%	-0.4%
YOY	0.7%	1.0%	-0.3%
5Y	1.0%	0.8%	+0.2%
10Y	1.1%	1.1%	0.0%

Shows how efficient Fresenius Medical Care AG & Co. KGaA is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Fresenius Medical Care AG & Co. KGaA to the Medical Care Facilities industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Fresenius Medical Care AG & Co. KGaA is using its resources to generate profit. If the return on assets (0.5%) from Fresenius Medical Care AG & Co. KGaA are higher than the Medical Care Facilities mean (0.9%) that means Fresenius Medical Care AG & Co. KGaA is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Fresenius Medical Care AG & Co. KGaA is 0.5%. This means the company generated €0.01 for each €1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Medical Care Facilities industry is 0.9%.
What is the trend?
The trend is important because it shows you how Fresenius Medical Care AG & Co. KGaA is performing over time. The most recent quarter might be important if Fresenius Medical Care AG & Co. KGaA released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fresenius Medical Care AG & Co. KGaA up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Fresenius Medical Care AG & Co. KGaA

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Fresenius Medical Care AG & Co. KGaA = 193,582
Total assets MRQ (balance sheet) from Fresenius Medical Care AG & Co. KGaA = 35,754,114
193,582 / 35,754,114 = 0.01 or 0.5%

ROA is an important ratio as it will tell you how effectively Fresenius Medical Care AG & Co. KGaA is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Fresenius Medical Care AG & Co. KGaA is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Fresenius Medical Care AG & Co. KGaA to the Medical Care Facilities industry mean.
1.4% Return on Equity means Fresenius Medical Care AG & Co. KGaA generated €0.01 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Fresenius Medical Care AG & Co. KGaA:

The MRQ is 1.4%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 1.5%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.4%	TTM	1.5%	-0.1%
TTM	1.5%	YOY	2.0%	-0.5%
TTM	1.5%	5Y	2.6%	-1.1%
5Y	2.6%	10Y	2.8%	-0.2%

Compared to industry (Medical Care Facilities)

Period	Company	Industry (mean)	+/-
MRQ	1.4%	2.4%	-1.0%
TTM	1.5%	2.5%	-1.0%
YOY	2.0%	2.4%	-0.4%
5Y	2.6%	2.6%	0.0%
10Y	2.8%	2.6%	+0.2%

Shows how efficient Fresenius Medical Care AG & Co. KGaA is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Fresenius Medical Care AG & Co. KGaA to the Medical Care Facilities industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Medical Care Facilities industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Fresenius Medical Care AG & Co. KGaA is 1.4%. This means Fresenius Medical Care AG & Co. KGaA generated €0.01 for each €1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Medical Care Facilities industry is 2.4%.
What is the trend?
The trend is important because it shows you how Fresenius Medical Care AG & Co. KGaA is performing over time. The most recent quarter might be important if Fresenius Medical Care AG & Co. KGaA released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fresenius Medical Care AG & Co. KGaA up to 10 years back (depending if Fresenius Medical Care AG & Co. KGaA existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Fresenius Medical Care AG & Co. KGaA

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Fresenius Medical Care AG & Co. KGaA = 193,582
Shareholders equity (balance sheet) MRQ Fresenius Medical Care AG & Co. KGaA = 13,989,453
193,582 / 13,989,453 = 0.01 or 1.4%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Fresenius Medical Care AG & Co. KGaA.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Fresenius Medical Care AG & Co. KGaA is operating .

Measures how much profit Fresenius Medical Care AG & Co. KGaA makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Fresenius Medical Care AG & Co. KGaA to the Medical Care Facilities industry mean.
An Operating Margin of 7.0% means the company generated €0.07 for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Fresenius Medical Care AG & Co. KGaA:

The MRQ is 7.0%. The company is operating less efficient.
The TTM is 7.8%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	7.0%	TTM	7.8%	-0.7%
TTM	7.8%	YOY	10.0%	-2.2%
TTM	7.8%	5Y	11.8%	-4.0%
5Y	11.8%	10Y	12.5%	-0.7%

Compared to industry (Medical Care Facilities)

Period	Company	Industry (mean)	+/-
MRQ	7.0%	5.6%	+1.4%
TTM	7.8%	6.2%	+1.6%
YOY	10.0%	8.5%	+1.5%
5Y	11.8%	6.9%	+4.9%
10Y	12.5%	6.5%	+6.0%

Measures how efficient Fresenius Medical Care AG & Co. KGaA is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Fresenius Medical Care AG & Co. KGaA to the Medical Care Facilities industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Fresenius Medical Care AG & Co. KGaA is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Fresenius Medical Care AG & Co. KGaA is 7.0%. This means that Fresenius Medical Care AG & Co. KGaA earned €0.07 for each €1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Medical Care Facilities industry is 5.6%.
What is the trend?
The trend is important because it shows you how Fresenius Medical Care AG & Co. KGaA is performing over time. The most recent quarter might be important if Fresenius Medical Care AG & Co. KGaA released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fresenius Medical Care AG & Co. KGaA up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Fresenius Medical Care AG & Co. KGaA

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Fresenius Medical Care AG & Co. KGaA = 352,000
Total revenue MRQ Fresenius Medical Care AG & Co. KGaA = 4,996,802
€352,000 / €4,996,802 = 0.07 or 7.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Fresenius Medical Care AG & Co. KGaA is keeping operating costs low.

Below 1 is considered healthy (always compare to Medical Care Facilities industry mean).
An Operation Ratio of 0.93 means that the operating costs are €0.93 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Fresenius Medical Care AG & Co. KGaA:

The MRQ is 0.934. The company is less efficient in keeping operating costs low.
The TTM is 0.933. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.934	TTM	0.933	+0.001
TTM	0.933	YOY	0.900	+0.033
TTM	0.933	5Y	0.892	+0.041
5Y	0.892	10Y	0.876	+0.016

Compared to industry (Medical Care Facilities)

Period	Company	Industry (mean)	+/-
MRQ	0.934	1.224	-0.290
TTM	0.933	1.221	-0.288
YOY	0.900	1.162	-0.262
5Y	0.892	1.160	-0.268
10Y	0.876	1.106	-0.230

Measures how efficient Fresenius Medical Care AG & Co. KGaA is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Fresenius Medical Care AG & Co. KGaA to the Medical Care Facilities industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Fresenius Medical Care AG & Co. KGaA is 93.4%. This means that Fresenius Medical Care AG & Co. KGaA earned €0.93 for each €1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Medical Care Facilities industry is 1.22.
What is the trend?
The trend is important because it shows you how Fresenius Medical Care AG & Co. KGaA is performing over time. The most recent quarter might be important if Fresenius Medical Care AG & Co. KGaA released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fresenius Medical Care AG & Co. KGaA up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Fresenius Medical Care AG & Co. KGaA

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(3,649,282 +1,016,346) \ 4,996,802 = 0.93

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Fresenius Medical Care AG & Co. KGaA.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Fresenius Medical Care AG & Co. KGaA is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Medical Care Facilities industry mean).
A Current Ratio of 1.27 means the company has €1.27 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Fresenius Medical Care AG & Co. KGaA:

The MRQ is 1.268. The company is just able to pay all its short-term debts.
The TTM is 1.262. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.268	TTM	1.262	+0.007
TTM	1.262	YOY	1.073	+0.188
TTM	1.262	5Y	1.135	+0.127
5Y	1.135	10Y	1.377	-0.242

Compared to industry (Medical Care Facilities)

Period	Company	Industry (mean)	+/-
MRQ	1.268	1.362	-0.094
TTM	1.262	1.348	-0.086
YOY	1.073	1.440	-0.367
5Y	1.135	1.368	-0.233
10Y	1.377	1.377	0.000

Measures if Fresenius Medical Care AG & Co. KGaA is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Medical Care Facilities industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Fresenius Medical Care AG & Co. KGaA if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Fresenius Medical Care AG & Co. KGaA is 1.27. This means Fresenius Medical Care AG & Co. KGaA has €1.27 in assets for each €1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Medical Care Facilities industry is 1.36.
What is the trend?
The trend is important because it shows you how Fresenius Medical Care AG & Co. KGaA is performing over time. The most recent quarter might be important if Fresenius Medical Care AG & Co. KGaA released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fresenius Medical Care AG & Co. KGaA up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Fresenius Medical Care AG & Co. KGaA

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
8,203,455 \ 6,467,314) = 1.27

The current ratio measures if Fresenius Medical Care AG & Co. KGaA is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Fresenius Medical Care AG & Co. KGaA is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Fresenius Medical Care AG & Co. KGaA does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Fresenius Medical Care AG & Co. KGaA is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Fresenius Medical Care AG & Co. KGaA is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Fresenius Medical Care AG & Co. KGaA to the Medical Care Facilities industry mean.
A Quick Ratio of 0.78 means the company can pay off €0.78 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Fresenius Medical Care AG & Co. KGaA:

The MRQ is 0.779. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.750. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.779	TTM	0.750	+0.029
TTM	0.750	YOY	0.695	+0.055
TTM	0.750	5Y	0.747	+0.003
5Y	0.747	10Y	0.890	-0.143

Compared to industry (Medical Care Facilities)

Period	Company	Industry (mean)	+/-
MRQ	0.779	0.750	+0.029
TTM	0.750	0.869	-0.119
YOY	0.695	0.977	-0.282
5Y	0.747	0.958	-0.211
10Y	0.890	1.011	-0.121

Measures if Fresenius Medical Care AG & Co. KGaA is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Fresenius Medical Care AG & Co. KGaA to the Medical Care Facilities industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Fresenius Medical Care AG & Co. KGaA can pay off its short term debts. This shows if Fresenius Medical Care AG & Co. KGaA can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Fresenius Medical Care AG & Co. KGaA is 0.78. This means that Fresenius Medical Care AG & Co. KGaA can pay off €0.78 for each €1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Medical Care Facilities industry is 0.75.
What is the trend?
The trend is important because it shows you how Fresenius Medical Care AG & Co. KGaA is performing over time. The most recent quarter might be important if Fresenius Medical Care AG & Co. KGaA released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fresenius Medical Care AG & Co. KGaA up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Fresenius Medical Care AG & Co. KGaA

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Fresenius Medical Care AG & Co. KGaA: (1,443,770 + 169,983 +3,427,000) / 6,467,314 = 0.78

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Fresenius Medical Care AG & Co. KGaA.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Fresenius Medical Care AG & Co. KGaA assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Fresenius Medical Care AG & Co. KGaA to Medical Care Facilities industry mean.
A Debt to Asset Ratio of 0.57 means that Fresenius Medical Care AG & Co. KGaA assets are financed with 56.8% credit (debt) and the remaining percentage (100% - 56.8%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Fresenius Medical Care AG & Co. KGaA:

The MRQ is 0.568. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.571. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.568	TTM	0.571	-0.003
TTM	0.571	YOY	0.602	-0.031
TTM	0.571	5Y	0.581	-0.010
5Y	0.581	10Y	0.583	-0.002

Compared to industry (Medical Care Facilities)

Period	Company	Industry (mean)	+/-
MRQ	0.568	0.546	+0.022
TTM	0.571	0.544	+0.027
YOY	0.602	0.539	+0.063
5Y	0.581	0.548	+0.033
10Y	0.583	0.537	+0.046

Measures how much % of Fresenius Medical Care AG & Co. KGaA assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Fresenius Medical Care AG & Co. KGaA than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Fresenius Medical Care AG & Co. KGaA to Medical Care Facilities industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Fresenius Medical Care AG & Co. KGaA is 0.57. This means means that Fresenius Medical Care AG & Co. KGaA is financed with 56.8% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Medical Care Facilities industry is 136.2%.
What is the trend?
The trend is important because it shows you how Fresenius Medical Care AG & Co. KGaA is performing over time. The most recent quarter might be important if Fresenius Medical Care AG & Co. KGaA released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fresenius Medical Care AG & Co. KGaA up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Fresenius Medical Care AG & Co. KGaA has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Fresenius Medical Care AG & Co. KGaA

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
20,304,935 \ 35,754,114 = 56.8% or 0.57.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Fresenius Medical Care AG & Co. KGaA is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Fresenius Medical Care AG & Co. KGaA to the Medical Care Facilities industry mean.
A Debt to Equity ratio of 145.1% means that company has €1.45 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Fresenius Medical Care AG & Co. KGaA:

The MRQ is 1.451. The company is able to pay all its debts with equity. +1
The TTM is 1.468. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.451	TTM	1.468	-0.017
TTM	1.468	YOY	1.631	-0.162
TTM	1.468	5Y	1.534	-0.066
5Y	1.534	10Y	1.514	+0.020

Compared to industry (Medical Care Facilities)

Period	Company	Industry (mean)	+/-
MRQ	1.451	1.032	+0.419
TTM	1.468	1.126	+0.342
YOY	1.631	1.094	+0.537
5Y	1.534	1.231	+0.303
10Y	1.514	1.204	+0.310

Measures if Fresenius Medical Care AG & Co. KGaA is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Fresenius Medical Care AG & Co. KGaA is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Fresenius Medical Care AG & Co. KGaA is 1.45. This means that Fresenius Medical Care AG & Co. KGaA can pay off €1.45 for each €1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Medical Care Facilities industry is 1.03.
What is the trend?
The trend is important because it shows you how Fresenius Medical Care AG & Co. KGaA is performing over time. The most recent quarter might be important if Fresenius Medical Care AG & Co. KGaA released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fresenius Medical Care AG & Co. KGaA up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Fresenius Medical Care AG & Co. KGaA

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
20,304,935 \ 13,989,453 = 1.45 or 145.1%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Fresenius Medical Care AG & Co. KGaA

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Fresenius Medical Care AG & Co. KGaA generates.

Above 15 is considered overpriced but always compare Fresenius Medical Care AG & Co. KGaA to the Medical Care Facilities industry mean.
A PE ratio of 64.53 means the investor is paying €64.53 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Fresenius Medical Care AG & Co. KGaA:

The EOD is 85.660. Neutral. Compare to industry.
The MRQ is 64.530. Neutral. Compare to industry.
The TTM is 77.459. Neutral. Compare to industry.

Trends

Current period		Compared to		+/-
EOD	85.660	MRQ	64.530	+21.130
MRQ	64.530	TTM	77.459	-12.929
TTM	77.459	YOY	76.660	+0.799
TTM	77.459	5Y	72.415	+5.044
5Y	72.415	10Y	79.094	-6.680

Compared to industry (Medical Care Facilities)

Period	Company	Industry (mean)	+/-
EOD	85.660	14.555	+71.105
MRQ	64.530	14.935	+49.595
TTM	77.459	15.148	+62.311
YOY	76.660	28.508	+48.152
5Y	72.415	24.421	+47.994
10Y	79.094	28.364	+50.730

Measures how much money you pay for each share for every €1 in earnings Fresenius Medical Care AG & Co. KGaA generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Fresenius Medical Care AG & Co. KGaA to the Medical Care Facilities industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Fresenius Medical Care AG & Co. KGaA is 64.53. This means the investor is paying €64.53 for every €1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Medical Care Facilities industry is 14.94.
What is the trend?
The trend is important because it shows you how Fresenius Medical Care AG & Co. KGaA is performing over time. The most recent quarter might be important if Fresenius Medical Care AG & Co. KGaA released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fresenius Medical Care AG & Co. KGaA up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Fresenius Medical Care AG & Co. KGaA

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
139,000 \ 293,413 = EPS
PE ratio MRQ = 64.53

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Fresenius Medical Care AG & Co. KGaA.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Fresenius Medical Care AG & Co. KGaA:

The MRQ is 106.776. Seems overpriced? -1
The TTM is 99.182. Seems overpriced? -1

Trends

Current period		Compared to		+/-
MRQ	106.776	TTM	99.182	+7.594
TTM	99.182	YOY	74.886	+24.296
TTM	99.182	5Y	95.820	+3.361
5Y	95.820	10Y	92.165	+3.656

Compared to industry (Medical Care Facilities)

Period	Company	Industry (mean)	+/-
MRQ	106.776	11.589	+95.187
TTM	99.182	26.033	+73.149
YOY	74.886	33.015	+41.871
5Y	95.820	73.688	+22.132
10Y	92.165	104.913	-12.748

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Fresenius Medical Care AG & Co. KGaA is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Medical Care Facilities industry mean).
A PB ratio of 0.58 means the investor is paying €0.58 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Fresenius Medical Care AG & Co. KGaA:

The EOD is 0.771. Very good. +2
The MRQ is 0.581. Very good. +2
The TTM is 0.805. Very good. +2

Trends

Current period		Compared to		+/-
EOD	0.771	MRQ	0.581	+0.190
MRQ	0.581	TTM	0.805	-0.224
TTM	0.805	YOY	1.381	-0.576
TTM	0.805	5Y	1.467	-0.662
5Y	1.467	10Y	1.899	-0.432

Compared to industry (Medical Care Facilities)

Period	Company	Industry (mean)	+/-
EOD	0.771	1.859	-1.088
MRQ	0.581	1.877	-1.296
TTM	0.805	2.019	-1.214
YOY	1.381	2.772	-1.391
5Y	1.467	2.172	-0.705
10Y	1.899	2.447	-0.548

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Fresenius Medical Care AG & Co. KGaA compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-4.384	1.253	-450%	1.404	-412%	0.869	-605%	0.739	-693%
Book Value Growth	-	-	0.923	1.027	-10%	1.033	-11%	1.019	-9%	1.021	-10%
Book Value Per Share	-	-	52.653	52.975	-1%	45.531	+16%	45.022	+17%	37.148	+42%
Book Value Per Share Growth	-	-	0.923	1.027	-10%	1.033	-11%	1.021	-10%	1.022	-10%
Current Ratio	-	-	1.268	1.262	+1%	1.073	+18%	1.135	+12%	1.377	-8%
Debt To Asset Ratio	-	-	0.568	0.571	-1%	0.602	-6%	0.581	-2%	0.583	-3%
Debt To Equity Ratio	-	-	1.451	1.468	-1%	1.631	-11%	1.534	-5%	1.514	-4%
Dividend Per Share	-	-	1.348	1.348	0%	1.338	+1%	1.231	+9%	0.722	+87%
Dividend Per Share Growth	-	-	1.000	1.002	0%	1.029	-3%	1.013	-1%	1.849	-46%
Eps	-	-	0.474	0.574	-17%	0.826	-43%	0.999	-53%	0.911	-48%
Eps Growth	-	-	0.604	0.948	-36%	1.092	-45%	1.087	-44%	1.079	-44%
Free Cash Flow Per Share	-	-	1.262	1.086	+16%	1.162	+9%	1.417	-11%	1.096	+15%
Free Cash Flow Per Share Growth	-	-	0.745	31.228	-98%	7.883	-91%	8.880	-92%	5.651	-87%
Free Cash Flow To Equity Per Share	-	-	0.853	-0.292	+134%	0.289	+196%	0.323	+164%	0.370	+131%
Free Cash Flow To Equity Per Share Growth	-	-	49.606	13.305	+273%	8.206	+504%	4.744	+946%	3.563	+1292%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	194.255	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	23.960	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	8.479	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	4.039	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	33.848	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	10.788	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	69.313	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	16.010	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	0.039	0.043	-11%	0.055	-30%	0.070	-45%	0.069	-44%
Operating Margin	-	-	0.070	0.078	-9%	0.100	-30%	0.118	-40%	0.125	-44%
Operating Ratio	-	-	0.934	0.933	+0%	0.900	+4%	0.892	+5%	0.876	+7%
Pb Ratio	0.771	+25%	0.581	0.805	-28%	1.381	-58%	1.467	-60%	1.899	-69%
Pe Ratio	85.660	+25%	64.530	77.459	-17%	76.660	-16%	72.415	-11%	79.094	-18%
Peg Ratio	-	-	106.776	99.182	+8%	74.886	+43%	95.820	+11%	92.165	+16%
Price Per Share	40.580	+25%	30.570	41.998	-27%	62.690	-51%	63.933	-52%	66.236	-54%
Price To Total Gains Ratio	-13.369	-33%	-10.071	6.085	-265%	994.123	-101%	270.109	-104%	215.109	-105%
Profit Growth	-	-	0.841	0.964	-13%	1.093	-23%	1.089	-23%	1.081	-22%
Quick Ratio	-	-	0.779	0.750	+4%	0.695	+12%	0.747	+4%	0.890	-12%
Return On Assets	-	-	0.005	0.006	-7%	0.007	-25%	0.010	-46%	0.011	-50%
Return On Equity	-	-	0.014	0.015	-7%	0.020	-29%	0.026	-47%	0.028	-50%
Revenue Growth	-	-	0.981	1.019	-4%	1.014	-3%	1.007	-3%	1.020	-4%
Total Gains Per Share	-	-	-3.035	2.601	-217%	2.741	-211%	2.100	-245%	1.461	-308%
Total Gains Per Share Growth	-	-	-0.530	0.789	-167%	61.027	-101%	13.910	-104%	9.586	-106%
Usd Book Value	-	-	16542980873.200	16644207077.300	-1%	14305087309.300	+16%	14355473803.300	+15%	11963439795.267	+38%
Usd Book Value Change Per Share	-	-	-4.694	1.341	-450%	1.503	-412%	0.930	-605%	0.791	-693%
Usd Book Value Per Share	-	-	56.381	56.726	-1%	48.754	+16%	48.209	+17%	39.778	+42%
Usd Dividend Per Share	-	-	1.444	1.444	0%	1.432	+1%	1.319	+9%	0.773	+87%
Usd Eps	-	-	0.507	0.614	-17%	0.884	-43%	1.069	-53%	0.976	-48%
Usd Free Cash Flow	-	-	396490470.000	341092364.300	+16%	364942828.100	+9%	450216896.280	-12%	351679081.254	+13%
Usd Free Cash Flow Per Share	-	-	1.351	1.162	+16%	1.244	+9%	1.518	-11%	1.173	+15%
Usd Free Cash Flow To Equity Per Share	-	-	0.914	-0.313	+134%	0.309	+196%	0.346	+164%	0.396	+131%
Usd Price Per Share	43.453	+25%	32.734	44.971	-27%	67.128	-51%	68.459	-52%	70.926	-54%
Usd Profit	-	-	207287605.600	225266337.600	-8%	259553085.900	-20%	329644441.500	-37%	300434743.596	-31%
Usd Revenue	-	-	5350575581.600	5192934814.900	+3%	4716515549.700	+13%	4759678641.060	+12%	4352163342.362	+23%
Usd Total Gains Per Share	-	-	-3.250	2.785	-217%	2.936	-211%	2.249	-245%	1.564	-308%
	EOD	+1 -4	MRQ	TTM	+14 -28	YOY	+19 -23	5Y	+16 -26	10Y	+17 -25

3.2. Fundamental Score

Let's check the fundamental score of Fresenius Medical Care AG & Co. KGaA based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	85.660
Price to Book Ratio (EOD)	Between	0-1	0.771
Net Profit Margin (MRQ)	Greater than	0	0.039
Operating Margin (MRQ)	Greater than	0	0.070
Quick Ratio (MRQ)	Greater than	1	0.779
Current Ratio (MRQ)	Greater than	1	1.268
Debt to Asset Ratio (MRQ)	Less than	1	0.568
Debt to Equity Ratio (MRQ)	Less than	1	1.451
Return on Equity (MRQ)	Greater than	0.15	0.014
Return on Assets (MRQ)	Greater than	0.05	0.005
Total			5/10 (50.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

3.3. Technical Score

Let's check the technical score of Fresenius Medical Care AG & Co. KGaA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	46.508
Ma 20	Greater than	Ma 50	41.757
Ma 50	Greater than	Ma 100	40.460
Ma 100	Greater than	Ma 200	37.702
Open	Greater than	Close	40.400
Total			3/5 (60.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in EUR. All numbers in thousands.

Summary

Total Assets	35,754,114
Total Liabilities	20,304,935
Total Stockholder Equity	13,989,453

	As reported
Total Liabilities	20,304,935
Total Stockholder Equity	+ 13,989,453
Total Assets	= 35,754,114

Assets

Total Assets	35,754,114
Total Current Assets	8,203,455
Long-term Assets	8,203,455

Total Current Assets

Total Current Assets (as reported)	8,203,455
Cash And Cash Equivalents	1,273,787
Short-term Investments	169,983
Net Receivables	3,427,000
Inventory	2,296,214
Other Current Assets	1,036,471
Total Current Assets (calculated)	8,203,455
+/-	0

Long-term Assets

Long-term Assets (as reported)	27,550,659
Property Plant Equipment	8,339,808
Goodwill	15,791,181
Long Term Investments	773,724
Intangible Assets	1,518,677
Other Assets	1,127,269
Long-term Assets (calculated)	27,550,659
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	6,467,314
Long-term Liabilities	13,837,621
Total Stockholder Equity	13,989,453

Total Current Liabilities

Total Current Liabilities (as reported)	6,467,314
Short-term Debt	2,036,900
Short Long Term Debt	1,363,075
Accounts payable	931,338
Other Current Liabilities	3,393,355
Total Current Liabilities (calculated)	7,724,668
+/-	1,257,354

Long-term Liabilities

Long-term Liabilities (as reported)	13,837,621
Long term Debt Total	11,175,672
Capital Lease Obligations Min Short Term Debt	2,641,863
Long-term Liabilities (calculated)	13,817,535
+/-	20,086

Total Stockholder Equity

Total Stockholder Equity (as reported)	13,989,453
Common Stock	293,413
Retained Earnings	10,711,709
Accumulated Other Comprehensive Income	-388,468
Capital Surplus	3,372,799
Total Stockholder Equity (calculated)	13,989,453
+/-	0

Other

Capital Stock	293,413
Cash And Equivalents	1,273,787
Cash and Short Term Investments	1,443,770
Common Stock Shares Outstanding	293,413
Current Deferred Revenue	105,721
Liabilities and Stockholders Equity	34,294,388
Net Debt	11,938,785
Net Invested Capital	22,523,262
Net Working Capital	1,736,141
Short Long Term Debt Total	13,212,572

Balance Sheet

Currency in EUR. All numbers in thousands.

Trend

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

> Total Assets

0
0
0
0
0
0
0
4,842,597
0
0
0
5,716,661
6,005,710
6,276,086
6,729,260
6,366,030
7,295,767
7,602,468
7,215,182
7,323,409
7,439,716
6,733,961
6,750,392
6,461,088
6,455,201
6,296,463
6,349,475
5,957,861
6,256,795
6,287,628
6,208,779
5,873,070
6,089,378
6,448,249
6,623,681
6,740,211
10,843,931
9,893,929
9,980,970
9,883,824
9,918,748
10,010,608
9,643,732
9,718,960
9,239,834
9,475,791
10,486,067
10,717,400
11,207,325
10,930,228
0
11,042,645
11,823,734
13,130,522
12,251,021
12,853,476
12,107,465
13,160,607
13,713,027
15,070,570
16,482,855
17,175,692
17,025,046
16,881,580
17,288,420
17,162,461
16,699,657
16,742,974
17,030,628
17,697,990
19,112,970
20,926,678
23,184,321
22,655,245
22,586,382
23,354,458
23,000,331
23,871,189
23,762,307
25,609,869
25,779,672
24,714,913
24,250,358
24,025,128
24,157,061
25,044,928
25,587,086
26,242,268
32,353,204
31,956,001
33,169,403
32,934,735
34,072,427
34,189,853
33,049,135
31,689,036
33,158,539
32,987,207
33,830,926
34,367,000
34,724,126
36,070,000
38,406,435
35,754,114

35,754,114

38,406,435

36,070,000

34,724,126

34,367,000

33,830,926

32,987,207

33,158,539

31,689,036

33,049,135

34,189,853

34,072,427

32,934,735

33,169,403

31,956,001

32,353,204

26,242,268

25,587,086

25,044,928

24,157,061

24,025,128

24,250,358

24,714,913

25,779,672

25,609,869

23,762,307

23,871,189

23,000,331

23,354,458

22,586,382

22,655,245

23,184,321

20,926,678

19,112,970

17,697,990

17,030,628

16,742,974

16,699,657

17,162,461

17,288,420

16,881,580

17,025,046

17,175,692

16,482,855

15,070,570

13,713,027

13,160,607

12,107,465

12,853,476

12,251,021

13,130,522

11,823,734

11,042,645

10,930,228

11,207,325

10,717,400

10,486,067

9,475,791

9,239,834

9,718,960

9,643,732

10,010,608

9,918,748

9,883,824

9,980,970

9,893,929

10,843,931

6,740,211

6,623,681

6,448,249

6,089,378

5,873,070

6,208,779

6,287,628

6,256,795

5,957,861

6,349,475

6,296,463

6,455,201

6,461,088

6,750,392

6,733,961

7,439,716

7,323,409

7,215,182

7,602,468

7,295,767

6,366,030

6,729,260

6,276,086

6,005,710

5,716,661

4,842,597

> Total Current Assets

0
0
0
0
0
0
0
1,214,273
0
0
0
1,531,638
1,599,504
1,729,401
1,858,460
1,683,792
1,946,993
2,092,356
2,013,182
1,999,581
2,021,410
1,847,549
1,817,725
1,736,025
1,849,492
1,849,058
1,901,312
1,751,732
1,954,070
1,943,020
1,952,518
1,804,343
1,903,683
2,017,119
2,099,948
2,077,795
3,077,287
2,410,115
2,456,851
2,585,175
2,591,791
2,680,600
2,634,515
2,647,096
2,566,720
2,666,320
2,904,312
3,025,646
3,190,912
3,202,878
0
3,299,815
3,567,156
4,063,879
3,922,443
3,874,235
3,649,376
4,021,503
4,114,111
4,393,992
4,567,193
4,789,375
4,629,075
4,633,215
4,683,625
4,726,983
4,479,157
4,552,714
4,723,766
4,988,046
5,090,001
5,530,133
6,094,007
5,975,564
6,007,509
6,388,510
6,306,305
6,542,246
6,434,191
6,954,401
7,076,639
6,770,921
6,634,760
6,374,307
6,843,610
7,511,571
7,533,649
7,846,886
7,500,847
7,167,077
7,231,054
7,165,146
7,855,884
8,181,521
7,824,068
7,275,310
7,789,409
7,814,681
7,998,912
7,967,000
8,039,393
8,105,000
8,512,668
8,203,455

8,203,455

8,512,668

8,105,000

8,039,393

7,967,000

7,998,912

7,814,681

7,789,409

7,275,310

7,824,068

8,181,521

7,855,884

7,165,146

7,231,054

7,167,077

7,500,847

7,846,886

7,533,649

7,511,571

6,843,610

6,374,307

6,634,760

6,770,921

7,076,639

6,954,401

6,434,191

6,542,246

6,306,305

6,388,510

6,007,509

5,975,564

6,094,007

5,530,133

5,090,001

4,988,046

4,723,766

4,552,714

4,479,157

4,726,983

4,683,625

4,633,215

4,629,075

4,789,375

4,567,193

4,393,992

4,114,111

4,021,503

3,649,376

3,874,235

3,922,443

4,063,879

3,567,156

3,299,815

3,202,878

3,190,912

3,025,646

2,904,312

2,666,320

2,566,720

2,647,096

2,634,515

2,680,600

2,591,791

2,585,175

2,456,851

2,410,115

3,077,287

2,077,795

2,099,948

2,017,119

1,903,683

1,804,343

1,952,518

1,943,020

1,954,070

1,751,732

1,901,312

1,849,058

1,849,492

1,736,025

1,817,725

1,847,549

2,021,410

1,999,581

2,013,182

2,092,356

1,946,993

1,683,792

1,858,460

1,729,401

1,599,504

1,531,638

1,214,273

Cash And Cash Equivalents

0
0
0
0
0
0
0
27,200
0
0
0
34,544
47,850
48,074
53,294
68,758
82,985
90,877
0
69,201
86,552
60,431
0
61,746
70,769
66,551
53,518
38,452
46,638
52,899
46,540
43,498
39,201
47,383
66,393
71,831
0
79,147
100,539
120,480
155,774
152,945
166,715
167,826
139,107
120,615
127,647
159,173
152,855
163,686
0
210,243
196,808
470,127
419,508
393,146
370,328
310,322
291,526
352,824
434,953
535,054
482,123
520,255
417,647
450,313
446,239
494,453
417,448
472,433
463,000
521,257
575,225
519,041
552,236
502,606
456,860
649,746
561,412
710,499
670,575
720,982
729,240
978,109
846,378
1,657,461
1,754,052
2,145,632
958,788
922,102
965,054
1,007,723
1,405,052
1,889,433
1,598,659
1,081,539
1,073,478
1,407,958
1,561,834
1,481,655
1,173,342
1,024,672
1,113,552
1,273,787

1,273,787

1,113,552

1,024,672

1,173,342

1,481,655

1,561,834

1,407,958

1,073,478

1,081,539

1,598,659

1,889,433

1,405,052

1,007,723

965,054

922,102

958,788

2,145,632

1,754,052

1,657,461

846,378

978,109

729,240

720,982

670,575

710,499

561,412

649,746

456,860

502,606

552,236

519,041

575,225

521,257

463,000

472,433

417,448

494,453

446,239

450,313

417,647

520,255

482,123

535,054

434,953

352,824

291,526

310,322

370,328

393,146

419,508

470,127

196,808

210,243

163,686

152,855

159,173

127,647

120,615

139,107

167,826

166,715

152,945

155,774

120,480

100,539

79,147

71,831

66,393

47,383

39,201

43,498

46,540

52,899

46,638

38,452

53,518

66,551

70,769

61,746

60,431

86,552

69,201

90,877

82,985

68,758

53,294

48,074

47,850

34,544

27,200

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
138,207
0
0
0
248,744
0
0
0
251,317
0
0
0
3,484
0
0
0
99,592
0
0
0
133,322
0
0
0
161,688
0
0
0
136,362
0
0
0
169,983

169,983

136,362

161,688

133,322

99,592

3,484

251,317

248,744

138,207

Net Receivables

0
0
0
0
0
0
0
544,168
0
0
0
766,043
795,024
823,668
972,262
857,094
1,016,379
1,107,209
0
1,036,042
1,005,075
936,221
0
910,691
1,011,390
1,028,307
1,095,828
1,016,326
1,175,859
1,176,216
1,191,876
1,117,295
1,177,562
1,243,822
1,273,799
1,269,688
0
1,439,881
1,452,585
1,509,352
1,447,306
1,501,524
1,438,879
1,458,496
1,435,989
1,498,985
1,635,516
1,689,421
1,746,589
1,705,213
0
1,785,937
1,962,136
1,944,317
1,986,042
2,020,531
1,903,260
2,115,012
2,147,428
2,244,690
2,422,450
2,479,729
2,409,158
2,581,625
2,478,706
2,476,585
2,329,310
2,645,687
2,364,180
2,476,149
2,626,720
3,320,149
3,077,486
3,029,048
3,078,414
3,801,402
3,386,823
3,279,199
3,380,052
4,148,530
3,784,460
3,288,357
3,309,820
3,696,467
3,898,178
3,687,357
3,486,924
3,765,569
3,952,172
3,654,715
3,589,674
3,969,263
3,836,061
3,581,385
3,390,088
3,619,040
3,894,150
3,526,449
3,449,859
3,906,683
3,707,000
3,664,000
3,815,000
3,427,000

3,427,000

3,815,000

3,664,000

3,707,000

3,906,683

3,449,859

3,526,449

3,894,150

3,619,040

3,390,088

3,581,385

3,836,061

3,969,263

3,589,674

3,654,715

3,952,172

3,765,569

3,486,924

3,687,357

3,898,178

3,696,467

3,309,820

3,288,357

3,784,460

4,148,530

3,380,052

3,279,199

3,386,823

3,801,402

3,078,414

3,029,048

3,077,486

3,320,149

2,626,720

2,476,149

2,364,180

2,645,687

2,329,310

2,476,585

2,478,706

2,581,625

2,409,158

2,479,729

2,422,450

2,244,690

2,147,428

2,115,012

1,903,260

2,020,531

1,986,042

1,944,317

1,962,136

1,785,937

1,705,213

1,746,589

1,689,421

1,635,516

1,498,985

1,435,989

1,458,496

1,438,879

1,501,524

1,447,306

1,509,352

1,452,585

1,439,881

1,269,688

1,273,799

1,243,822

1,177,562

1,117,295

1,191,876

1,176,216

1,175,859

1,016,326

1,095,828

1,028,307

1,011,390

910,691

936,221

1,005,075

1,036,042

1,107,209

1,016,379

857,094

972,262

823,668

795,024

766,043

544,168

Other Current Assets

0
0
0
0
0
0
0
389,325
0
0
0
431,620
442,248
520,100
483,719
416,973
467,900
484,980
2,013,182
505,028
512,253
466,122
1,817,725
408,873
407,072
385,765
385,630
343,818
368,220
346,378
356,386
316,817
338,541
350,436
387,318
372,468
3,077,287
479,546
481,777
558,367
564,347
591,850
591,533
584,400
539,323
560,261
626,729
669,150
707,792
728,186
0
730,154
794,294
984,670
894,021
852,198
802,737
921,381
991,643
1,050,006
942,172
958,362
938,646
747,363
946,604
989,094
922,997
618,073
1,064,694
1,101,670
1,066,246
633,132
1,370,574
1,350,476
1,203,482
609,428
1,240,509
1,368,820
1,238,946
503,529
1,276,389
1,467,391
1,286,755
405,468
744,551
773,165
838,926
369,290
894,229
902,768
955,236
391,560
871,672
869,848
938,304
517,733
832,376
827,332
867,414
7,967,000
838,272
8,105,000
1,017,270
1,036,471

1,036,471

1,017,270

8,105,000

838,272

7,967,000

867,414

827,332

832,376

517,733

938,304

869,848

871,672

391,560

955,236

902,768

894,229

369,290

838,926

773,165

744,551

405,468

1,286,755

1,467,391

1,276,389

503,529

1,238,946

1,368,820

1,240,509

609,428

1,203,482

1,350,476

1,370,574

633,132

1,066,246

1,101,670

1,064,694

618,073

922,997

989,094

946,604

747,363

938,646

958,362

942,172

1,050,006

991,643

921,381

802,737

852,198

894,021

984,670

794,294

730,154

728,186

707,792

669,150

626,729

560,261

539,323

584,400

591,533

591,850

564,347

558,367

481,777

479,546

3,077,287

372,468

387,318

350,436

338,541

316,817

356,386

346,378

368,220

343,818

385,630

385,765

407,072

408,873

1,817,725

466,122

512,253

505,028

2,013,182

484,980

467,900

416,973

483,719

520,100

442,248

431,620

389,325

> Long-term Assets

0
0
0
0
0
0
0
3,628,324
0
0
0
4,185,023
4,406,206
4,546,685
4,870,800
4,682,239
5,348,774
5,510,112
5,202,000
5,323,828
5,418,307
4,886,412
4,932,667
4,725,063
4,605,708
4,447,405
4,448,162
4,206,129
4,302,725
4,344,608
4,256,261
4,068,726
4,185,695
4,431,130
4,523,733
4,662,417
7,766,644
7,483,814
7,524,118
7,298,650
7,326,957
7,330,009
7,009,217
7,071,864
6,673,114
6,809,471
7,581,755
7,691,754
8,016,413
7,727,350
0
7,742,830
8,256,578
9,066,644
8,328,578
8,979,240
8,458,088
9,139,104
9,598,916
10,676,579
11,915,662
12,386,317
12,395,971
12,248,366
12,604,795
12,435,478
12,220,500
12,190,260
12,306,863
12,709,944
14,022,969
15,396,545
17,090,313
16,679,680
16,578,873
16,965,948
16,694,025
17,328,943
17,328,116
18,655,468
18,703,033
17,943,992
17,615,598
17,650,821
17,313,451
17,533,357
18,053,437
18,395,382
24,852,357
24,788,924
25,938,349
25,769,589
26,216,543
26,008,332
25,225,067
24,413,726
25,369,130
25,172,526
25,832,014
26,400,000
26,684,733
27,965,000
29,893,767
27,550,659

27,550,659

29,893,767

27,965,000

26,684,733

26,400,000

25,832,014

25,172,526

25,369,130

24,413,726

25,225,067

26,008,332

26,216,543

25,769,589

25,938,349

24,788,924

24,852,357

18,395,382

18,053,437

17,533,357

17,313,451

17,650,821

17,615,598

17,943,992

18,703,033

18,655,468

17,328,116

17,328,943

16,694,025

16,965,948

16,578,873

16,679,680

17,090,313

15,396,545

14,022,969

12,709,944

12,306,863

12,190,260

12,220,500

12,435,478

12,604,795

12,248,366

12,395,971

12,386,317

11,915,662

10,676,579

9,598,916

9,139,104

8,458,088

8,979,240

8,328,578

9,066,644

8,256,578

7,742,830

7,727,350

8,016,413

7,691,754

7,581,755

6,809,471

6,673,114

7,071,864

7,009,217

7,330,009

7,326,957

7,298,650

7,524,118

7,483,814

7,766,644

4,662,417

4,523,733

4,431,130

4,185,695

4,068,726

4,256,261

4,344,608

4,302,725

4,206,129

4,448,162

4,447,405

4,605,708

4,725,063

4,932,667

4,886,412

5,418,307

5,323,828

5,202,000

5,510,112

5,348,774

4,682,239

4,870,800

4,546,685

4,406,206

4,185,023

3,628,324

Property Plant Equipment

0
0
0
0
0
0
0
538,455
0
0
0
638,133
676,800
717,696
770,930
786,833
898,396
938,217
0
942,492
966,644
883,012
0
874,701
846,636
817,719
825,562
864,815
882,138
890,444
873,062
871,884
889,156
936,154
964,342
1,026,477
0
1,235,765
1,279,191
1,305,039
1,338,069
1,363,703
1,355,591
1,408,635
1,378,378
1,436,644
1,595,404
1,606,264
1,658,907
1,647,606
0
1,688,763
1,774,166
1,914,302
1,805,313
1,900,271
1,789,980
1,835,312
1,903,701
2,028,946
2,131,942
2,210,738
2,237,200
2,223,508
2,273,172
2,256,066
2,229,067
2,239,131
2,279,548
2,418,746
2,563,812
2,705,712
2,977,187
2,957,560
2,962,520
3,133,236
3,157,211
3,293,049
3,328,898
3,587,722
3,593,992
3,478,676
3,450,480
3,491,771
3,478,381
3,636,280
3,725,043
3,836,010
8,260,533
8,201,261
8,491,198
8,515,396
8,643,811
8,622,278
8,343,758
8,186,752
8,415,643
8,320,060
8,391,216
4,316,000
8,510,454
4,450,000
9,095,336
8,339,808

8,339,808

9,095,336

4,450,000

8,510,454

4,316,000

8,391,216

8,320,060

8,415,643

8,186,752

8,343,758

8,622,278

8,643,811

8,515,396

8,491,198

8,201,261

8,260,533

3,836,010

3,725,043

3,636,280

3,478,381

3,491,771

3,450,480

3,478,676

3,593,992

3,587,722

3,328,898

3,293,049

3,157,211

3,133,236

2,962,520

2,957,560

2,977,187

2,705,712

2,563,812

2,418,746

2,279,548

2,239,131

2,229,067

2,256,066

2,273,172

2,223,508

2,237,200

2,210,738

2,131,942

2,028,946

1,903,701

1,835,312

1,789,980

1,900,271

1,805,313

1,914,302

1,774,166

1,688,763

1,647,606

1,658,907

1,606,264

1,595,404

1,436,644

1,378,378

1,408,635

1,355,591

1,363,703

1,338,069

1,305,039

1,279,191

1,235,765

1,026,477

964,342

936,154

889,156

871,884

873,062

890,444

882,138

864,815

825,562

817,719

846,636

874,701

883,012

966,644

942,492

938,217

898,396

786,833

770,930

717,696

676,800

638,133

538,455

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,435,044
5,487,531
5,222,121
5,211,306
5,174,428
4,941,576
4,969,532
4,638,440
4,668,994
5,191,297
5,251,001
5,504,534
5,260,402
0
5,242,680
5,615,029
6,347,502
5,814,611
6,120,818
5,765,568
6,149,313
6,427,636
7,087,960
8,465,308
8,819,101
8,815,182
8,636,547
8,933,255
8,815,224
8,537,728
8,442,626
8,467,921
8,703,396
9,741,612
10,758,262
12,022,469
11,659,490
11,586,744
11,920,535
11,605,323
12,069,274
12,022,584
12,994,604
12,920,417
12,437,418
12,141,049
12,103,921
11,834,584
11,806,784
11,983,016
12,209,606
13,561,939
13,498,623
14,121,321
14,017,255
14,257,982
14,060,205
13,589,294
12,958,728
13,638,912
13,495,513
13,901,439
14,361,577
14,628,709
15,590,676
17,187,107
15,791,181

15,791,181

17,187,107

15,590,676

14,628,709

14,361,577

13,901,439

13,495,513

13,638,912

12,958,728

13,589,294

14,060,205

14,257,982

14,017,255

14,121,321

13,498,623

13,561,939

12,209,606

11,983,016

11,806,784

11,834,584

12,103,921

12,141,049

12,437,418

12,920,417

12,994,604

12,022,584

12,069,274

11,605,323

11,920,535

11,586,744

11,659,490

12,022,469

10,758,262

9,741,612

8,703,396

8,467,921

8,442,626

8,537,728

8,815,224

8,933,255

8,636,547

8,815,182

8,819,101

8,465,308

7,087,960

6,427,636

6,149,313

5,765,568

6,120,818

5,814,611

6,347,502

5,615,029

5,242,680

5,260,402

5,504,534

5,251,001

5,191,297

4,668,994

4,638,440

4,969,532

4,941,576

5,174,428

5,211,306

5,222,121

5,487,531

5,435,044

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
679,242
613,239
627,616
633,280
647,009
619,730
613,670
630,079
649,780
630,439
654,122
682,617
696,872
717,142
686,025
706,994
761,113
726,595
708,560
742,799
786,905
798,947
734,734
767,699
773,724

773,724

767,699

734,734

798,947

786,905

742,799

708,560

726,595

761,113

706,994

686,025

717,142

696,872

682,617

654,122

630,439

649,780

630,079

613,670

619,730

647,009

633,280

627,616

613,239

679,242

Intangible Assets

0
0
0
0
0
0
0
2,970,582
0
0
0
3,417,401
3,590,280
3,675,536
3,943,419
3,700,031
4,248,555
4,377,458
4,060,392
4,138,262
4,189,379
3,732,924
3,767,095
3,566,940
3,461,152
3,310,785
3,298,386
3,073,254
3,192,204
3,238,493
3,196,986
2,985,538
3,115,754
3,330,017
3,367,310
3,413,179
6,192,525
479,816
479,269
501,110
502,037
492,669
462,297
473,220
439,419
475,467
554,717
608,072
634,058
606,218
0
599,684
639,715
521,196
466,642
520,724
490,501
481,250
556,236
529,786
555,800
576,057
560,041
536,947
539,079
523,647
497,556
548,839
533,856
533,678
607,038
714,969
793,273
769,512
747,976
759,615
733,274
750,642
729,715
805,550
817,852
700,212
685,755
683,058
682,208
654,520
672,085
681,331
1,430,970
1,443,819
1,525,179
1,426,330
1,469,214
1,447,308
1,419,384
1,381,009
1,401,497
1,395,025
1,418,936
1,459,393
1,480,421
1,553,792
1,603,802
1,518,677

1,518,677

1,603,802

1,553,792

1,480,421

1,459,393

1,418,936

1,395,025

1,401,497

1,381,009

1,419,384

1,447,308

1,469,214

1,426,330

1,525,179

1,443,819

1,430,970

681,331

672,085

654,520

682,208

683,058

685,755

700,212

817,852

805,550

729,715

750,642

733,274

759,615

747,976

769,512

793,273

714,969

607,038

533,678

533,856

548,839

497,556

523,647

539,079

536,947

560,041

576,057

555,800

529,786

556,236

481,250

490,501

520,724

466,642

521,196

639,715

599,684

606,218

634,058

608,072

554,717

475,467

439,419

473,220

462,297

492,669

502,037

501,110

479,269

479,816

6,192,525

3,413,179

3,367,310

3,330,017

3,115,754

2,985,538

3,196,986

3,238,493

3,192,204

3,073,254

3,298,386

3,310,785

3,461,152

3,566,940

3,767,095

3,732,924

4,189,379

4,138,262

4,060,392

4,377,458

4,248,555

3,700,031

3,943,419

3,675,536

3,590,280

3,417,401

2,970,582

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
653,888
757,533
700,070
705,034
725,062
698,548
822,103
1,043,214
1,018,655
968,476
991,099
1,118,034
1,113,760
1,128,394
1,192,516
1,165,637
1,126,124
1,186,483
1,253,368
1,377,624
1,239,974
1,266,202
1,225,988
6,531,000
1,127,269

1,127,269

6,531,000

1,225,988

1,266,202

1,239,974

1,377,624

1,253,368

1,186,483

1,126,124

1,165,637

1,192,516

1,128,394

1,113,760

1,118,034

991,099

968,476

1,018,655

1,043,214

822,103

698,548

725,062

705,034

700,070

757,533

653,888

> Total Liabilities

0
0
0
0
0
0
0
2,815,910
0
0
0
3,705,139
3,492,005
3,760,818
3,766,011
3,491,210
4,107,614
4,356,362
4,124,059
4,359,684
4,399,443
4,031,727
4,024,311
3,764,468
3,784,049
3,747,482
3,735,288
3,371,082
3,563,653
3,564,968
3,431,959
3,178,435
3,209,262
3,419,654
3,428,576
3,373,009
7,159,437
6,327,268
6,271,351
6,136,805
6,063,513
6,168,873
5,834,413
5,822,511
5,479,489
5,684,149
6,193,309
6,434,454
6,502,836
6,376,793
0
6,136,200
6,515,051
7,443,659
6,770,638
7,196,247
6,778,579
7,689,174
7,664,293
8,851,093
9,633,222
10,483,603
9,673,375
9,919,603
9,991,827
10,160,156
9,957,781
9,874,112
9,992,090
10,624,621
11,429,096
12,679,747
13,821,916
13,576,847
13,483,436
13,754,187
13,463,677
14,135,778
13,745,466
14,716,038
14,481,619
14,022,160
13,577,337
13,196,942
13,246,113
13,066,633
13,241,242
13,340,310
19,126,700
19,155,550
19,625,983
19,707,498
20,802,491
20,867,231
20,393,373
19,357,726
19,958,883
20,174,772
20,385,008
20,388,000
20,184,834
20,619,000
21,671,057
20,304,935

20,304,935

21,671,057

20,619,000

20,184,834

20,388,000

20,385,008

20,174,772

19,958,883

19,357,726

20,393,373

20,867,231

20,802,491

19,707,498

19,625,983

19,155,550

19,126,700

13,340,310

13,241,242

13,066,633

13,246,113

13,196,942

13,577,337

14,022,160

14,481,619

14,716,038

13,745,466

14,135,778

13,463,677

13,754,187

13,483,436

13,576,847

13,821,916

12,679,747

11,429,096

10,624,621

9,992,090

9,874,112

9,957,781

10,160,156

9,991,827

9,919,603

9,673,375

10,483,603

9,633,222

8,851,093

7,664,293

7,689,174

6,778,579

7,196,247

6,770,638

7,443,659

6,515,051

6,136,200

6,376,793

6,502,836

6,434,454

6,193,309

5,684,149

5,479,489

5,822,511

5,834,413

6,168,873

6,063,513

6,136,805

6,271,351

6,327,268

7,159,437

3,373,009

3,428,576

3,419,654

3,209,262

3,178,435

3,431,959

3,564,968

3,563,653

3,371,082

3,735,288

3,747,482

3,784,049

3,764,468

4,024,311

4,031,727

4,399,443

4,359,684

4,124,059

4,356,362

4,107,614

3,491,210

3,766,011

3,760,818

3,492,005

3,705,139

2,815,910

> Total Current Liabilities

0
0
0
0
0
0
0
831,855
0
0
0
1,759,199
1,498,097
1,572,734
1,571,521
1,480,470
1,629,106
1,463,603
1,318,338
1,547,875
1,562,462
1,449,825
2,263,295
1,234,453
1,195,283
1,209,015
1,329,966
1,121,552
1,299,953
1,382,799
1,397,969
1,429,515
1,440,337
1,624,453
1,378,381
1,332,524
2,229,177
1,717,784
1,752,548
1,800,048
2,266,401
2,385,206
2,048,662
2,075,781
1,827,651
1,997,644
2,237,796
2,258,757
2,263,097
2,000,059
0
1,821,477
2,995,800
4,141,330
2,766,274
2,849,493
2,684,109
2,499,337
2,718,317
3,288,818
4,411,854
4,637,046
2,610,270
2,396,957
2,578,701
2,617,640
2,512,255
2,573,716
2,506,543
2,702,439
3,385,966
2,859,585
3,274,490
3,223,132
3,497,132
3,828,625
3,924,555
4,422,748
4,683,036
4,789,663
5,376,506
5,310,769
5,445,726
5,299,893
5,428,455
5,495,793
6,051,482
6,268,282
7,363,434
7,221,395
7,378,680
7,007,234
8,602,246
8,064,013
7,043,154
6,159,644
7,242,973
7,424,628
7,492,297
7,258,000
6,377,452
6,877,000
6,357,386
6,467,314

6,467,314

6,357,386

6,877,000

6,377,452

7,258,000

7,492,297

7,424,628

7,242,973

6,159,644

7,043,154

8,064,013

8,602,246

7,007,234

7,378,680

7,221,395

7,363,434

6,268,282

6,051,482

5,495,793

5,428,455

5,299,893

5,445,726

5,310,769

5,376,506

4,789,663

4,683,036

4,422,748

3,924,555

3,828,625

3,497,132

3,223,132

3,274,490

2,859,585

3,385,966

2,702,439

2,506,543

2,573,716

2,512,255

2,617,640

2,578,701

2,396,957

2,610,270

4,637,046

4,411,854

3,288,818

2,718,317

2,499,337

2,684,109

2,849,493

2,766,274

4,141,330

2,995,800

1,821,477

2,000,059

2,263,097

2,258,757

2,237,796

1,997,644

1,827,651

2,075,781

2,048,662

2,385,206

2,266,401

1,800,048

1,752,548

1,717,784

2,229,177

1,332,524

1,378,381

1,624,453

1,440,337

1,429,515

1,397,969

1,382,799

1,299,953

1,121,552

1,329,966

1,209,015

1,195,283

1,234,453

2,263,295

1,449,825

1,562,462

1,547,875

1,318,338

1,463,603

1,629,106

1,480,470

1,571,521

1,572,734

1,498,097

1,759,199

831,855

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
146,146
128,288
161,181
221,181
166,573
286,288
379,575
378,076
483,249
441,489
590,820
249,947
250,033
0
348,420
426,866
375,770
416,219
479,670
583,943
208,916
530,152
677,372
797,068
818,620
820,404
641,629
0
338,104
1,230,896
1,875,549
580,647
710,046
668,835
796,529
836,139
1,324,435
2,417,803
2,560,030
477,544
345,231
539,135
529,442
486,956
485,461
389,739
509,397
1,068,127
371,262
415,050
420,295
659,137
724,975
962,929
1,242,887
1,518,040
1,301,751
1,531,152
1,657,738
1,829,967
1,652,814
1,923,844
1,774,059
2,329,533
2,500,713
3,570,712
3,562,925
3,539,320
3,257,833
4,639,135
3,034,202
2,064,970
1,696,785
2,564,264
2,646,497
2,657,055
2,585,000
1,846,174
2,176,000
1,372,849
2,036,900

2,036,900

1,372,849

2,176,000

1,846,174

2,585,000

2,657,055

2,646,497

2,564,264

1,696,785

2,064,970

3,034,202

4,639,135

3,257,833

3,539,320

3,562,925

3,570,712

2,500,713

2,329,533

1,774,059

1,923,844

1,652,814

1,829,967

1,657,738

1,531,152

1,301,751

1,518,040

1,242,887

962,929

724,975

659,137

420,295

415,050

371,262

1,068,127

509,397

389,739

485,461

486,956

529,442

539,135

345,231

477,544

2,560,030

2,417,803

1,324,435

836,139

796,529

668,835

710,046

580,647

1,875,549

1,230,896

338,104

641,629

820,404

818,620

797,068

677,372

530,152

208,916

583,943

479,670

416,219

375,770

426,866

348,420

250,033

249,947

590,820

441,489

483,249

378,076

379,575

286,288

166,573

221,181

161,181

128,288

146,146

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,573,090
8,271,200
8,046,128
890,949
874,704
872,508
897,735
1,096,425
1,097,132
2,939,212
2,943,415
2,894,596
2,619,092
3,992,206
2,391,289
1,438,941
1,087,629
1,926,100
2,019,435
2,015,200
1,924,000
1,173,939
1,471,000
641,008
1,363,075

1,363,075

641,008

1,471,000

1,173,939

1,924,000

2,015,200

2,019,435

1,926,100

1,087,629

1,438,941

2,391,289

3,992,206

2,619,092

2,894,596

2,943,415

2,939,212

1,097,132

1,096,425

897,735

872,508

874,704

890,949

8,046,128

8,271,200

8,573,090

Accounts payable

0
0
0
0
0
0
0
127,473
0
0
0
280,818
282,880
0
269,631
299,402
345,596
235,852
0
313,280
235,844
221,357
0
177,204
184,435
135,089
133,210
243,392
245,600
210,432
245,417
225,727
256,578
239,139
278,661
261,107
0
307,984
303,328
418,856
344,015
369,729
390,378
364,175
355,668
371,077
244,424
262,925
423,689
353,680
0
252,946
288,681
297,506
301,349
316,277
297,920
339,019
399,645
417,735
416,113
407,112
499,175
563,811
488,267
532,846
456,245
482,685
519,802
530,333
539,850
587,095
665,445
637,856
695,884
714,213
698,199
712,214
700,060
841,540
767,697
700,500
742,226
737,842
744,938
741,435
804,883
795,052
918,158
836,234
909,844
835,189
896,543
813,430
860,892
827,394
740,868
786,848
800,465
818,513
860,268
938,788
908,919
931,338

931,338

908,919

938,788

860,268

818,513

800,465

786,848

740,868

827,394

860,892

813,430

896,543

835,189

909,844

836,234

918,158

795,052

804,883

741,435

744,938

737,842

742,226

700,500

767,697

841,540

700,060

712,214

698,199

714,213

695,884

637,856

665,445

587,095

539,850

530,333

519,802

482,685

456,245

532,846

488,267

563,811

499,175

407,112

416,113

417,735

399,645

339,019

297,920

316,277

301,349

297,506

288,681

252,946

353,680

423,689

262,925

244,424

371,077

355,668

364,175

390,378

369,729

344,015

418,856

303,328

307,984

261,107

278,661

239,139

256,578

225,727

245,417

210,432

245,600

243,392

133,210

135,089

184,435

177,204

221,357

235,844

313,280

235,852

345,596

299,402

269,631

282,880

280,818

127,473

Other Current Liabilities

0
0
0
0
0
0
0
704,382
0
0
0
1,478,381
1,215,217
1,572,734
1,301,891
1,181,068
1,259,714
1,227,752
1,318,338
1,234,595
1,326,618
1,228,468
2,263,295
911,103
882,560
912,745
975,574
711,587
768,065
792,791
774,475
720,539
742,269
794,494
849,774
821,384
2,229,177
1,061,380
1,022,354
1,005,422
1,506,167
1,535,808
1,074,341
1,502,690
941,832
949,195
1,196,304
1,177,213
1,019,004
1,004,750
0
1,230,427
1,476,222
1,968,275
1,884,277
1,823,170
1,717,353
1,363,788
1,482,532
1,546,648
1,577,937
1,669,904
1,633,552
1,487,915
1,551,299
1,555,351
1,569,054
1,605,570
1,597,003
1,662,709
1,777,989
1,901,228
2,193,995
2,164,981
2,142,110
2,389,437
2,263,426
2,467,648
2,464,937
2,646,372
3,077,657
2,952,531
2,873,533
2,634,103
2,759,673
2,980,299
2,917,066
2,972,517
2,874,564
2,822,236
2,929,516
2,914,212
3,066,568
4,216,381
4,117,292
3,029,160
3,937,841
3,991,283
3,885,142
4,673,000
3,671,010
3,762,212
4,075,618
3,393,355

3,393,355

4,075,618

3,762,212

3,671,010

4,673,000

3,885,142

3,991,283

3,937,841

3,029,160

4,117,292

4,216,381

3,066,568

2,914,212

2,929,516

2,822,236

2,874,564

2,972,517

2,917,066

2,980,299

2,759,673

2,634,103

2,873,533

2,952,531

3,077,657

2,646,372

2,464,937

2,467,648

2,263,426

2,389,437

2,142,110

2,164,981

2,193,995

1,901,228

1,777,989

1,662,709

1,597,003

1,605,570

1,569,054

1,555,351

1,551,299

1,487,915

1,633,552

1,669,904

1,577,937

1,546,648

1,482,532

1,363,788

1,717,353

1,823,170

1,884,277

1,968,275

1,476,222

1,230,427

1,004,750

1,019,004

1,177,213

1,196,304

949,195

941,832

1,502,690

1,074,341

1,535,808

1,506,167

1,005,422

1,022,354

1,061,380

2,229,177

821,384

849,774

794,494

742,269

720,539

774,475

792,791

768,065

711,587

975,574

912,745

882,560

911,103

2,263,295

1,228,468

1,326,618

1,234,595

1,318,338

1,227,752

1,259,714

1,181,068

1,301,891

1,572,734

1,215,217

1,478,381

704,382

> Long-term Liabilities

0
0
0
0
0
0
0
1,984,055
0
0
0
1,945,940
1,993,909
2,188,084
2,194,489
2,010,740
2,478,508
2,892,758
2,805,721
2,811,809
2,836,981
2,581,902
1,761,016
2,530,015
2,588,766
2,538,466
2,405,322
2,249,530
2,263,700
2,182,169
2,033,990
1,748,920
1,768,925
1,795,201
2,050,195
2,040,485
4,930,260
4,609,484
4,518,802
4,336,757
3,797,112
3,783,667
3,785,752
3,746,730
3,651,838
3,686,504
3,955,512
4,175,697
4,239,740
4,376,734
0
4,314,724
3,519,251
3,302,329
4,004,364
4,346,754
4,094,470
5,189,838
4,945,976
5,562,275
5,221,369
5,846,556
7,063,105
7,522,646
7,413,126
7,542,516
7,445,526
7,300,396
7,485,547
7,922,181
8,043,130
9,820,162
10,547,426
10,353,714
9,986,304
9,925,562
9,539,122
9,713,030
9,062,430
9,926,375
9,105,113
8,711,391
8,131,611
7,897,049
7,817,658
7,570,840
7,189,760
7,072,028
11,763,266
11,934,155
12,247,303
12,700,264
12,200,245
12,803,218
13,350,219
13,198,082
12,715,910
12,750,144
12,892,711
13,130,000
13,807,382
13,742,000
15,313,671
13,837,621

13,837,621

15,313,671

13,742,000

13,807,382

13,130,000

12,892,711

12,750,144

12,715,910

13,198,082

13,350,219

12,803,218

12,200,245

12,700,264

12,247,303

11,934,155

11,763,266

7,072,028

7,189,760

7,570,840

7,817,658

7,897,049

8,131,611

8,711,391

9,105,113

9,926,375

9,062,430

9,713,030

9,539,122

9,925,562

9,986,304

10,353,714

10,547,426

9,820,162

8,043,130

7,922,181

7,485,547

7,300,396

7,445,526

7,542,516

7,413,126

7,522,646

7,063,105

5,846,556

5,221,369

5,562,275

4,945,976

5,189,838

4,094,470

4,346,754

4,004,364

3,302,329

3,519,251

4,314,724

4,376,734

4,239,740

4,175,697

3,955,512

3,686,504

3,651,838

3,746,730

3,785,752

3,783,667

3,797,112

4,336,757

4,518,802

4,609,484

4,930,260

2,040,485

2,050,195

1,795,201

1,768,925

1,748,920

2,033,990

2,182,169

2,263,700

2,249,530

2,405,322

2,538,466

2,588,766

2,530,015

1,761,016

2,581,902

2,836,981

2,811,809

2,805,721

2,892,758

2,478,508

2,010,740

2,194,489

2,188,084

1,993,909

1,945,940

1,984,055

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,661,727
9,846,638
10,129,875
10,524,615
9,938,099
10,443,315
10,987,747
10,683,232
10,336,220
10,469,028
10,570,078
10,734,752
11,497,198
11,483,298
12,413,000
11,175,672

11,175,672

12,413,000

11,483,298

11,497,198

10,734,752

10,570,078

10,469,028

10,336,220

10,683,232

10,987,747

10,443,315

9,938,099

10,524,615

10,129,875

9,846,638

9,661,727

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,994,461
2,365,065
2,323,001
2,298,133
2,101,161
2,020,633
2,080,858
2,149,239
2,026,513
2,101,539
2,087,517
2,117,428
2,175,649
2,262,146
2,359,903
2,362,472
2,514,850
2,379,690
2,281,116
2,322,633
2,395,135
2,310,184
2,259,145
2,900,978
0

2,900,978

2,259,145

2,310,184

2,395,135

2,322,633

2,281,116

2,379,690

2,514,850

2,362,472

2,359,903

2,262,146

2,175,649

2,117,428

2,087,517

2,101,539

2,026,513

2,149,239

2,080,858

2,020,633

2,101,161

2,298,133

2,323,001

2,365,065

1,994,461

> Total Stockholder Equity

0
0
0
0
0
0
0
2,026,688
0
0
0
2,011,521
2,513,704
2,515,268
2,963,249
2,874,820
3,188,153
3,246,106
3,091,123
2,963,725
3,040,273
2,702,234
2,726,081
2,675,157
2,659,589
2,537,831
2,602,336
2,575,579
2,678,863
2,703,615
2,763,218
2,681,331
2,866,139
3,013,476
3,183,601
3,355,040
3,684,495
3,512,280
3,651,179
3,690,073
3,782,790
3,767,448
3,733,727
3,823,874
3,678,649
3,702,782
4,190,320
4,282,946
4,592,630
4,429,870
0
4,760,738
5,157,414
5,521,261
5,323,314
5,546,960
5,225,017
5,367,404
5,709,165
6,096,442
6,262,096
6,498,592
6,725,543
6,761,786
7,096,580
6,796,115
6,561,823
6,687,487
6,852,199
6,876,575
7,476,897
7,765,803
8,819,318
8,534,604
8,557,326
9,043,373
8,991,013
9,151,914
9,440,913
10,277,365
10,202,525
9,658,411
9,669,717
9,820,102
9,931,989
10,895,534
11,216,482
11,758,411
12,050,593
11,608,053
12,276,912
11,957,913
11,996,428
12,125,597
11,493,111
11,215,080
11,998,075
11,631,952
12,229,680
13,979,000
13,234,497
14,146,205
15,051,421
13,989,453

13,989,453

15,051,421

14,146,205

13,234,497

13,979,000

12,229,680

11,631,952

11,998,075

11,215,080

11,493,111

12,125,597

11,996,428

11,957,913

12,276,912

11,608,053

12,050,593

11,758,411

11,216,482

10,895,534

9,931,989

9,820,102

9,669,717

9,658,411

10,202,525

10,277,365

9,440,913

9,151,914

8,991,013

9,043,373

8,557,326

8,534,604

8,819,318

7,765,803

7,476,897

6,876,575

6,852,199

6,687,487

6,561,823

6,796,115

7,096,580

6,761,786

6,725,543

6,498,592

6,262,096

6,096,442

5,709,165

5,367,404

5,225,017

5,546,960

5,323,314

5,521,261

5,157,414

4,760,738

4,429,870

4,592,630

4,282,946

4,190,320

3,702,782

3,678,649

3,823,874

3,733,727

3,767,448

3,782,790

3,690,073

3,651,179

3,512,280

3,684,495

3,355,040

3,183,601

3,013,476

2,866,139

2,681,331

2,763,218

2,703,615

2,678,863

2,575,579

2,602,336

2,537,831

2,659,589

2,675,157

2,726,081

2,702,234

3,040,273

2,963,725

3,091,123

3,246,106

3,188,153

2,874,820

2,963,249

2,515,268

2,513,704

2,011,521

2,026,688

Common Stock

0
0
0
0
0
0
0
195,430
0
0
0
228,069
240,120
0
260,168
244,351
261,979
270,023
0
257,931
263,298
231,009
0
218,701
210,044
199,456
196,871
182,225
186,271
188,148
184,554
169,293
177,039
189,546
190,753
193,764
0
238,481
240,962
229,288
0
0
252,860
0
0
0
0
0
273,669
259,193
0
0
0
0
0
0
0
0
0
0
0
0
0
283,488
292,870
292,475
282,709
276,934
278,166
281,161
303,192
316,785
356,066
344,490
343,612
354,122
335,299
342,015
339,494
360,925
307,304
307,861
307,961
308,111
308,121
308,216
308,936
307,879
307,907
304,336
304,357
304,437
304,444
304,608
304,629
292,877
292,888
292,979
292,994
293,004
293,027
293,413
293,413
293,413

293,413

293,027

293,004

292,994

292,979

292,888

292,877

304,629

304,608

304,444

304,437

304,357

304,336

307,907

307,879

308,936

308,216

308,121

308,111

307,961

307,861

307,304

360,925

339,494

342,015

335,299

354,122

343,612

344,490

356,066

316,785

303,192

281,161

278,166

276,934

282,709

292,475

292,870

283,488

259,193

273,669

252,860

229,288

240,962

238,481

193,764

190,753

189,546

177,039

169,293

184,554

188,148

186,271

182,225

196,871

199,456

210,044

218,701

231,009

263,298

257,931

270,023

261,979

244,351

260,168

240,120

228,069

195,430

Retained Earnings Total Equity

Accumulated Other Comprehensive Income

0
0
0
0
0
0
0
-273,107
0
0
0
-394,768
-415,627
-417,021
-450,329
-498,672
-534,646
-551,062
0
-653,239
0
0
0
-365,333
-325,114
-275,566
-249,523
-138,801
-170,384
-157,565
-126,815
-50,852
-77,609
-123,913
-104,094
-120,550
2,784,072
-43,117
-62,421
-4,104
6,718
41,096
50,515
69,189
86,363
117,106
16,979
-108,673
-177,222
-81,516
0
-34,705
-137,758
-336,576
-144,962
-145,902
-137,434
-22,011
-261,504
-374,794
-288,385
-426,890
-353,830
-372,106
-423,793
-456,883
-416,065
-398,724
-428,878
-399,140
-576,769
-894,516
-1,109,008
-1,036,626
-1,144,323
-1,222,256
-1,081,982
-1,083,254
-1,048,395
-1,254,169
-366,813
-996,227
-1,295,682
-1,485,578
-1,718,235
-1,373,429
-1,337,934
-1,203,750
-955,874
-1,089,835
-614,258
-1,038,545
-950,901
-1,110,614
-1,723,231
-2,205,340
-1,681,856
-1,838,632
-1,515,975
0
-977,445
34,262
918,768
-388,468

-388,468

918,768

34,262

-977,445

-1,515,975

-1,838,632

-1,681,856

-2,205,340

-1,723,231

-1,110,614

-950,901

-1,038,545

-614,258

-1,089,835

-955,874

-1,203,750

-1,337,934

-1,373,429

-1,718,235

-1,485,578

-1,295,682

-996,227

-366,813

-1,254,169

-1,048,395

-1,083,254

-1,081,982

-1,222,256

-1,144,323

-1,036,626

-1,109,008

-894,516

-576,769

-399,140

-428,878

-398,724

-416,065

-456,883

-423,793

-372,106

-353,830

-426,890

-288,385

-374,794

-261,504

-22,011

-137,434

-145,902

-144,962

-336,576

-137,758

-34,705

-81,516

-177,222

-108,673

16,979

117,106

86,363

69,189

50,515

41,096

6,718

-4,104

-62,421

-43,117

2,784,072

-120,550

-104,094

-123,913

-77,609

-50,852

-126,815

-157,565

-170,384

-138,801

-249,523

-275,566

-325,114

-365,333

-653,239

-551,062

-534,646

-498,672

-450,329

-417,021

-415,627

-394,768

-273,107

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,871,908
3,614,814
3,614,579
3,607,662
3,603,310
3,590,176
3,593,311
2,872,630
2,887,037
2,886,965
2,884,962
2,891,276
2,891,737
2,919,907
3,360,748
3,372,799

3,372,799

3,360,748

2,919,907

2,891,737

2,891,276

2,884,962

2,886,965

2,887,037

2,872,630

3,593,311

3,590,176

3,603,310

3,607,662

3,614,579

3,614,814

3,871,908

Treasury Stock

-736,490

-692,666

-370,502

-239,105

-84,863

-164,809

Other Stockholders Equity

0
0
0
0
0
0
0
2,036,067
0
0
0
2,393,744
2,868,678
3,060,235
3,283,455
3,188,792
3,462,552
3,533,835
3,091,123
3,424,728
2,771,261
2,468,720
2,923,973
2,608,196
2,505,443
2,382,988
2,352,119
2,176,724
2,225,677
2,248,951
2,207,296
2,026,018
2,122,162
2,275,293
2,321,721
2,395,429
0
2,481,738
2,522,065
2,433,089
0
0
2,243,332
0
0
0
0
0
2,495,219
2,367,719
0
0
0
0
0
0
0
0
0
0
0
0
0
2,640,124
2,703,380
2,536,577
2,227,620
2,190,878
2,216,500
2,231,197
2,415,598
2,500,847
2,817,990
2,725,471
2,644,417
2,712,236
2,591,465
2,596,994
2,618,760
2,767,968
3,883,074
3,887,215
3,896,284
3,860,314
3,865,639
3,814,063
3,836,004
3,822,352
3,707,099
3,529,951
3,375,474
3,237,160
2,910,644
2,853,686
2,856,821
2,872,630
2,887,037
2,886,965
2,884,962
13,979,000
2,891,737
3,016,903
3,360,748
3,372,799

3,372,799

3,360,748

3,016,903

2,891,737

13,979,000

2,884,962

2,886,965

2,887,037

2,872,630

2,856,821

2,853,686

2,910,644

3,237,160

3,375,474

3,529,951

3,707,099

3,822,352

3,836,004

3,814,063

3,865,639

3,860,314

3,896,284

3,887,215

3,883,074

2,767,968

2,618,760

2,596,994

2,591,465

2,712,236

2,644,417

2,725,471

2,817,990

2,500,847

2,415,598

2,231,197

2,216,500

2,190,878

2,227,620

2,536,577

2,703,380

2,640,124

2,367,719

2,495,219

2,243,332

2,433,089

2,522,065

2,481,738

2,395,429

2,321,721

2,275,293

2,122,162

2,026,018

2,207,296

2,248,951

2,225,677

2,176,724

2,352,119

2,382,988

2,505,443

2,608,196

2,923,973

2,468,720

2,771,261

3,424,728

3,091,123

3,533,835

3,462,552

3,188,792

3,283,455

3,060,235

2,868,678

2,393,744

2,036,067

Balance Sheet

Currency in EUR. All numbers in thousands.

	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31
Accounts Payable	931,338	857,526	827,394	835,189	795,052	737,842	841,540	714,213	587,095	482,685	563,811	417,735	316,277	252,946	262,925	364,175	418,856	261,107	225,727	243,392	177,204	313,280	299,402	280,818	127,473	-
Accumulated Other Comprehensive Income	-388,468	-1,311,637	-2,205,340	-1,038,545	-1,203,750	-1,485,578	-1,254,169	-1,222,256	-894,516	-398,724	-372,106	-374,794	-145,902	-34,705	-108,673	69,189	-4,104	-120,550	-50,852	-138,801	-365,333	-653,239	-498,672	-394,768	-273,107	-
Capital Lease Obligations	4,678,763	4,749,000	4,492,287	4,705,038	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	293,413	293,004	292,877	304,437	307,879	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Surpluse	3,372,799	2,891,276	2,872,630	3,607,662	3,873,345	3,969,245	3,960,115	4,224,395	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	1,273,787	1,481,655	1,081,539	1,007,723	2,145,632	978,109	710,499	502,606	521,257	494,453	520,255	352,824	393,146	210,243	159,173	167,826	120,480	71,831	43,498	38,452	61,746	69,201	68,758	34,544	27,200	-
Cash And Equivalents	362,772	556,521	334,688	239,017	1,313,747	357,964	41,743	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	1,443,770	1,618,017	1,243,227	1,141,045	2,245,224	981,593	961,816	751,349	659,464	494,453	520,255	352,824	393,146	210,243	159,173	167,826	120,480	71,831	43,498	38,452	61,746	69,201	68,758	34,544	27,200	-
Common Stock	293,413	293,004	292,877	304,437	307,879	308,111	360,925	354,122	316,785	276,934	283,488	-	-	-	-	-	229,288	193,764	169,293	182,225	218,701	257,931	244,351	228,069	195,430	-
Common Stock Shares Outstanding	294,056	294,056	294,056	302,691	306,542	306,563	305,748	304,440	302,339	303,815	306,669	299,013	302,068	298,083	297,624	296,335	296,000	294,150	322,053	210,000	210,000	210,000	269,587	236,709	210,000	210,000
Common Stock Total Equity	-	-	292,877	304,437	307,879	308,111	360,925	354,122	316,785	276,934	283,488	-	-	-	-	-	229,288	193,764	169,293	182,225	218,701	257,931	244,351	228,069	195,430	-
Current Deferred Revenue	105,721	518,031	606,305	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Liab	-	-	-	-	-	561,428	698,163	624,500	804,609	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	15,791,181	14,361,577	12,958,728	14,017,255	12,209,606	12,103,921	12,994,604	11,920,535	10,758,262	8,442,626	8,636,547	7,087,960	6,120,818	5,242,680	5,251,001	4,969,532	5,222,121	-	-	-	-	-	-	-	-	-
Intangible Assets	1,518,677	1,459,393	1,381,009	1,426,330	681,331	683,058	805,550	759,615	714,969	548,839	536,947	529,786	520,724	599,684	608,072	473,220	501,110	3,413,179	2,985,538	3,073,254	3,566,940	4,138,262	3,700,031	3,417,401	2,970,582	-
Inventory	2,296,214	2,038,014	1,895,310	1,663,278	1,466,803	1,290,779	1,340,527	1,226,331	917,387	794,501	783,973	746,472	608,360	573,482	507,902	436,374	396,976	363,807	326,732	353,135	354,716	389,310	340,966	299,431	253,581	-
Liabilities And Stockholders Equity	34,294,388	34,367,000	32,805,230	32,935,000	25,098,721	23,017,044	24,993,404	22,797,560	20,445,550	16,561,598	16,681,389	14,947,535	12,743,207	10,896,938	10,717,400	9,646,385	9,826,878	6,728,049	5,859,766	5,946,661	6,439,625	7,323,409	6,366,030	5,716,661	4,842,597	-
Long Term Debt	7,170,734	6,647,000	6,800,101	6,458,318	5,018,758	5,765,999	6,800,322	7,185,013	9,018,936	7,751,312	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt Total	11,175,672	10,734,752	10,683,232	10,524,615	5,045,515	5,794,872	6,832,886	7,213,637	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Investments	773,724	786,905	761,113	696,872	649,780	647,009	645,850	593,616	676,822	664,446	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	11,938,785	11,838,345	11,298,461	12,774,725	5,400,596	6,469,577	7,439,720	7,405,640	7,317,261	5,601,172	5,754,561	5,211,132	3,557,346	3,218,373	3,502,191	2,787,323	3,156,743	775,213	842,207	1,010,784	1,122,384	1,064,986	1,248,228	1,185,475	1,077,762	-
Net Invested Capital	22,523,262	8,571,000	19,102,810	21,035,323	19,304,639	17,267,788	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	4,031,604	3,254,000	3,619,040	3,969,263	3,765,569	3,696,467	4,148,530	3,801,402	3,320,149	2,645,687	2,581,625	2,244,690	2,020,531	1,785,937	1,689,421	1,458,496	1,509,352	1,269,688	1,117,295	1,016,326	910,691	1,036,042	857,094	766,043	544,168	-
Net Tangible Assets	-	-3,122,187	-3,124,657	-3,485,672	-1,132,526	-2,966,877	-3,781,037	-3,660,991	-4,508,278	-3,181,499	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Working Capital	1,736,141	709,000	1,115,666	157,912	1,578,604	1,074,414	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	27,550,659	26,400,000	24,414,000	25,770,000	18,395,382	17,650,821	18,655,468	16,965,948	15,396,545	12,190,260	12,248,366	10,676,579	8,979,240	7,742,830	7,691,754	7,071,864	7,298,650	4,662,417	4,068,726	4,206,129	4,725,063	5,323,828	4,682,239	4,185,023	3,628,324	-
Non Current Liabilities Other	-	2,395,000	13,778,000	-	-	-	626,453	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	13,837,621	13,130,000	13,198,000	12,701,000	7,072,028	7,897,049	9,926,375	9,925,562	9,820,162	7,300,396	7,522,646	5,562,275	4,346,754	4,314,724	4,175,697	3,746,730	4,336,757	2,040,485	1,748,920	2,249,530	2,530,015	2,811,809	2,010,740	1,945,940	1,984,055	-
Non Currrent Assets Other	814,590	5,160,735	4,831,735	752,536	672,969	409,894	428,876	433,962	545,016	403,050	268,285	427,936	179,119	166,510	159,752	163,127	222,856	192,662	168,428	239,840	249,362	203,521	166,408	129,488	119,287	-
Other Assets	1,127,269	1,239,974	1,126,124	1,113,760	1,018,655	725,149	683,117	657,445	744,176	660,727	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Assets	431,867	7,967,000	455,716	320,651	369,290	405,468	503,529	609,428	633,132	618,073	747,363	1,050,006	852,198	730,154	669,150	584,400	558,367	372,468	316,817	343,818	408,873	505,028	416,973	431,620	389,325	-
Other Current Liab	3,393,355	3,297,443	3,029,301	2,914,212	2,904,288	2,634,103	2,646,372	2,389,437	1,901,228	1,605,570	1,487,915	1,546,648	1,823,170	1,230,427	1,177,213	1,502,690	1,005,422	821,384	720,539	711,587	911,103	1,234,595	1,181,068	1,478,381	704,382	-
Other Liab	-	2,395,135	2,514,850	2,123,818	2,026,513	2,101,248	2,319,211	1,691,410	2,031,725	1,681,350	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	3,372,799	4,171,493	3,988,550	4,506,247	3,822,352	3,860,314	2,767,968	2,712,236	2,500,847	2,190,878	2,640,124	-	-	-	-	-	2,433,089	2,395,429	2,026,018	2,176,724	2,608,196	3,424,728	3,188,792	2,393,744	2,036,067	-
Property Plant And Equipment Gross	-	-	8,186,752	8,515,396	3,836,010	3,491,771	3,587,722	3,133,236	2,705,712	2,239,131	2,223,508	2,028,946	1,900,271	1,688,763	1,606,264	1,408,635	1,305,039	1,026,477	871,884	864,815	874,701	942,492	786,833	638,133	538,455	-
Property Plant And Equipment Net	8,339,808	4,316,000	4,130,000	8,515,396	3,836,010	3,491,771	3,587,722	3,133,236	2,705,712	2,239,131	2,223,508	2,028,946	1,900,271	1,688,763	1,606,264	1,408,635	1,305,039	1,026,477	871,884	864,815	874,701	942,492	786,833	638,133	538,455	-
Property Plant Equipment	8,339,808	8,551,467	8,186,752	8,515,372	3,836,010	3,491,771	3,579,626	3,146,551	3,290,180	3,091,954	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings	10,711,709	10,826,140	10,254,913	9,454,861	8,831,930	7,137,255	8,402,642	7,199,271	5,842,687	4,618,398	4,206,907	3,586,616	2,900,890	2,171,723	1,761,608	1,294,319	1,029,244	823,515	485,324	300,154	147,324	-65,695	-59,651	-215,523	68,298	-
Short Long Term Debt	1,363,075	1,924,000	1,087,629	2,619,092	2,500,713	1,652,814	1,301,751	613,194	313,607	8,421,672	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt Total	13,212,572	13,320,000	12,380,000	13,782,448	7,546,228	7,447,686	8,150,219	7,908,245	7,838,518	6,095,626	6,274,816	5,563,956	3,950,492	3,428,616	3,661,363	2,955,148	3,277,223	847,045	885,705	1,049,236	1,184,130	1,134,187	1,316,985	1,220,019	1,104,962	-
Short Term Debt	2,036,900	2,585,000	1,697,000	3,257,833	2,500,713	1,652,814	1,301,751	724,975	371,262	485,461	345,231	1,324,435	710,046	338,104	818,620	208,916	375,770	250,033	483,249	166,573	146,146	-	-	-	-	-
Short Term Investments	169,983	136,362	161,688	133,322	99,592	3,484	251,317	248,744	138,207	48,397	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	35,754,114	34,367,000	31,689,000	32,935,000	26,242,268	24,025,128	25,609,869	23,354,458	20,926,678	16,742,974	16,881,580	15,070,570	12,853,476	11,042,645	10,717,400	9,718,960	9,883,824	6,740,211	5,873,070	5,957,861	6,461,088	7,323,409	6,366,030	5,716,661	4,842,597	-
Total Current Assets	8,203,455	7,967,000	7,275,000	7,165,000	7,846,886	6,374,307	6,954,401	6,388,510	5,530,133	4,552,714	4,633,215	4,393,992	3,874,235	3,299,815	3,025,646	2,647,096	2,585,175	2,077,795	1,804,343	1,751,732	1,736,025	1,999,581	1,683,792	1,531,638	1,214,273	-
Total Current Liabilities	6,467,314	7,258,000	6,160,000	7,007,234	6,268,282	5,299,893	4,789,663	3,828,625	2,859,585	2,573,716	2,396,957	3,288,818	2,849,493	1,821,477	2,258,757	2,075,781	1,800,048	1,332,524	1,429,515	1,121,552	1,234,453	1,547,875	1,480,470	1,759,199	831,855	-
Total Liab	20,304,935	20,388,000	19,358,000	19,708,000	13,340,310	13,196,942	14,716,038	13,754,187	12,679,747	9,874,112	9,919,603	8,851,093	7,196,247	6,136,200	6,434,454	5,822,511	6,136,805	3,373,009	3,178,435	3,371,082	3,764,468	4,359,684	3,491,210	3,705,139	2,815,910	-
Total Stockholder Equity	13,989,453	13,979,000	12,331,000	13,227,000	11,758,411	9,820,102	10,277,365	9,043,373	7,765,803	6,687,487	6,761,786	6,096,442	5,546,960	4,760,738	4,282,946	3,823,874	3,690,073	3,355,040	2,681,331	2,575,579	2,675,157	2,963,725	2,874,820	2,011,521	2,026,688	-
Treasury Stock	-	-	-	-370,502	-50,993	-108,931	-50,993	-384,966	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31
Accounts Payable	931,338	908,919	938,788	860,268	818,513	800,465	786,848	740,868	827,394	860,892	813,430	896,543	835,189	909,844	836,234	918,158	795,052	804,883	741,435	744,938	737,842	742,226	700,500	767,697	841,540	700,060	712,214	698,199	714,213	695,884	637,856	665,445	587,095	539,850	530,333	519,802	482,685	456,245	532,846	488,267	563,811	499,175	407,112	416,113	417,735	399,645	339,019	297,920	316,277	301,349	297,506	288,681	252,946	-	353,680	423,689	262,925	244,424	371,077	355,668	364,175	390,378	369,729	344,015	418,856	303,328	307,984	-	261,107	278,661	239,139	256,578	225,727	245,417	210,432	245,600	243,392	133,210	135,089	184,435	177,204	-	221,357	235,844	313,280	-	235,852	345,596	299,402	269,631	-	282,880	280,818	-	-	-	127,473	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	-388,468	918,768	34,262	-977,445	-	-1,515,975	-1,838,632	-1,681,856	-2,205,340	-1,723,231	-1,110,614	-950,901	-1,038,545	-614,258	-1,089,835	-955,874	-1,203,750	-1,337,934	-1,373,429	-1,718,235	-1,485,578	-1,295,682	-996,227	-366,813	-1,254,169	-1,048,395	-1,083,254	-1,081,982	-1,222,256	-1,144,323	-1,036,626	-1,109,008	-894,516	-576,769	-399,140	-428,878	-398,724	-416,065	-456,883	-423,793	-372,106	-353,830	-426,890	-288,385	-374,794	-261,504	-22,011	-137,434	-145,902	-144,962	-336,576	-137,758	-34,705	-	-81,516	-177,222	-108,673	16,979	117,106	86,363	69,189	50,515	41,096	6,718	-4,104	-62,421	-43,117	2,784,072	-120,550	-104,094	-123,913	-77,609	-50,852	-126,815	-157,565	-170,384	-138,801	-249,523	-275,566	-325,114	-365,333	-	-	-	-653,239	-	-551,062	-534,646	-498,672	-450,329	-417,021	-415,627	-394,768	-	-	-	-273,107	-	-	-	-	-	-	-
Capital Lease Obligations	4,678,763	5,076,042	4,925,000	4,717,647	4,749,000	4,640,711	4,597,085	4,659,114	4,492,287	4,634,108	4,812,233	4,781,629	4,705,038	4,688,759	4,543,310	4,612,064	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	293,413	293,413	293,413	293,027	293,004	292,994	292,979	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Surpluse	3,372,799

Fresenius Medical Care AG & Co. KGaA Buy, Hold or Sell?

Let's analyse Fresenius Medical Care AG & Co. KGaA together

Get notifications about Fresenius Medical Care AG & Co. KGaA

Quick analysis of Fresenius Medical Care AG & Co. KGaA (30 sec.)

1. Valuation of Fresenius Medical Care AG & Co. KGaA (5 min.)

€40.58

€52.65

2. Growth of Fresenius Medical Care AG & Co. KGaA (5 min.)

Is Fresenius Medical Care AG & Co. KGaA growing?

How much money is Fresenius Medical Care AG & Co. KGaA making?

How much money comes from the company's main activities?

3. Financial Health of Fresenius Medical Care AG & Co. KGaA (5 min.)

4. Comparing to competitors in the Medical Care Facilities industry (5 min.)

Industry Rankings (Medical Care Facilities)

Fundamentals of Fresenius Medical Care AG & Co. KGaA

Financial Health

1.1. Profitability of Fresenius Medical Care AG & Co. KGaA.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Medical Care Facilities)

1.1.2. Return on Assets

Trends

Compared to industry (Medical Care Facilities)

1.1.3. Return on Equity

Trends

Compared to industry (Medical Care Facilities)

1.2. Operating Efficiency of Fresenius Medical Care AG & Co. KGaA.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Medical Care Facilities)

1.2.2. Operating Ratio

Trends

Compared to industry (Medical Care Facilities)

1.3. Liquidity of Fresenius Medical Care AG & Co. KGaA.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Medical Care Facilities)

1.3.2. Quick Ratio

Trends

Compared to industry (Medical Care Facilities)

1.4. Solvency of Fresenius Medical Care AG & Co. KGaA.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Medical Care Facilities)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Medical Care Facilities)

2. Market Valuation of Fresenius Medical Care AG & Co. KGaA

2. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Medical Care Facilities)

2.2. Price Earnings to Growth Ratio

Trends

Compared to industry (Medical Care Facilities)

2. Book Value per Share

2.3. Price to Book Ratio

Trends

Compared to industry (Medical Care Facilities)

Fresenius Medical Care AG & Co. KGaA
Buy, Hold or Sell?