What should I take into account when interpreting the ratios obtained from my financial analysis?

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Although reference values are sometimes given for financial ratios, they shouldn’t always be taken literally. There are factors—such as the general economic situation and that of your company—that may justify results that, at first glance, don’t match those standard values. In general, these factors should be taken into account, along with other benchmarks such as the evolution over time, or values obtained by companies of similar size and sector. These comparative data are available on the website of the Bank of Spain.

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