Comparison and Analysis of Financial Ratios in companies with inter- and intra-balance sheet financing In Tehran Stock Exchange

In this study, comparison and analysis of financial ratios in companies with inter- and intra-balance sheet financing have been studied in the Tehran Stock Exchange. Considering that off-balance sheet financing transactions are variety of financial transactions that complete representation of financial activities and events occurring are not shown in accounts, these transactions will cause changes in the structure of capital by not registering debts and major obligations in the financial statements (balance sheet). The method used in this research is descriptive-comparative method and The statistical sample consisted of 100 companies of Tehran Stock Exchange which were active during the years 1389-1393 and have used inter and intra balance sheet financing. First, companies related to off-balance sheet financing between 1389 -1393 are detected by using independent auditor's reports and related data were extracted and by using statistical methods have been attempt to test the hypotheses. The statistical results obtained indicate that there is strong correlation between financial ratios and debt, before and after considering off-balance sheet financing companies. There is no significant difference in Quick Ratio between companies without and with off-balance sheet financing. The results indicate that there is no significant difference in liquidity Ratio between without and with off-balance sheet financing companies. It was also found that off-balance sheet financing has a direct effect on the Debt ratio over specific value.