What factors influence the interpretation of financial ratios, and where can you find comparative data?

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Although reference values are sometimes provided for financial ratios, they should not always be taken literally. There are factors such as the general economic situation and the specific context of your company that may justify results that don’t initially match those benchmarks. In general, these conditions and other references, such as trends over time or values obtained by companies of similar size and sector, should be considered. You can access such comparative data on the website of the Bank of Spain.

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