Effect Of Debt Financing On Firms Earnings In Ethiopia Evidence From Manufacturing S.co. In Addis Ababa
Accounting And Auditing Project Topics
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The purpose of this paper is to examine the effect of debt financing on firms’ earnings of the manufacturing share companies in Ethiopia by taking evidence from manufacturing share companies in Addis Ababa. The study employs a panel data regression analysis. The dataset comprises eighteen manufacturing share companies covering a five-year period (2012-2016 G.C.) using firm level accounting data. The researcher was used return on asset (ROA) as dependent variable while debt asset ratio (DAR), debt equity ratio (DER) and time interest coverage (TIC) as independent variables and sales growth (SG) as a control variable. The result of the study revealed that debt to asset ratio(DAR), and time interest coverage (TIC) had a positive relationship and statistically significant effect on return on asset ratio (ROA), while debt equity ratio (DER) and sales growth (SG) had positive relationship and insignificant effect on return on asset of manufacturing firms in Ethiopia. The researcher has been concluded that debt asset ratio and time interest coverage ratio have significant effect on profitability, while debt equity ratio and sales growth have insignificant effect on the profitability of the manufacturing firms in Ethiopia.
Subsurface Intelligence & Critical Mineral Exploration
Modern Geology projects now focus on Machine Learning in Mineral Targeting, Carbon Capture & Storage (CCS) Geologic Modeling, and Critical Mineral Systems (Lithium, REEs). If your research involves Hydrogeological Connectivity, Seismic Inversion, or Geotechnical Site Characterization, ensure your analysis follows the JORC or NI 43-101 reporting standards and utilizes robust 3D Subsurface Visualization and Geochemical Fingerprinting frameworks.
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