DETERMINANTE OF FINANCIAL PERFORMACE OF ETHIOPIAN IRON AND STEEL FACTORY

Abstract

The essence of managing risk is making good decision. Correct decision making depends on accurate information and proper analysis. But information is not enough by themselves and need to be analysed. The research is conducted on determinant of financial performance of EISF in assessing a position to meet its current obligation, managing and utilizing its asset, to what extent the borrowed funds are used and its profitability over period of time. Although few studies conducted on manufacturing environment the aim is to close the gap in literature and add some more knowledge in these areas. The research is designed to answer the research question posed. The researcher use predominantly secondary and to some extent primary data in order to reach the aim of the study. Finally, EISF is good liquidity position to meet its current obligation, partially good in managing and utilizing of assets, but shows unsatisfactory profitability position.