Table 5

Descriptive statistics (overall sample)

RETAEBITTABVOETLCR
NON-DDISNON-DDISNON-DDISNON-DDIS
Mean0.3260.00220.087−0.0401.0250.2590.2320.098
Median0.2960.0460.0690.0160.6260.1500.0780.035
S.D.0.1940.3750.0860.1871.2360.5460.4340.194
Lower quartile0.181−0.0450.035−0.0510.3510.0280.00940.011
Upper quartile0.4630.1740.1160.0351.2280.3900.2860.093
Minimum−0.281−5.418−0.066−1.8840.011−0.7230.0000004980.0000275
Maximum0.8740.7190.7890.2809.5999.8883.8821.844

Note(s): RETA is retained earnings to total assets ratio, EBITTA is earnings before interest and taxes to total assets ratio, BVOETL is book value of equity to total liabilities ratio and CR is cash and cash equivalents to current liabilities ratio. NON-D is non-distressed firms, DIS is distressed firms, and S.D. is standard deviation

Source(s): Table created by author

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