Current Ratio and Quick RatioCompared to the previous year, the current ratio and the quick ratio increased by 0.01 (from 0.63 to 0.64) and 0, respectively 04 (from 0.15 to 0.19), but both remained below 1. This indicates that the company's current assets were just enough to cover 0.64 of the company's short-term liabilities and that the company was able to instantly pay off only 19% of its current liabilities. Cash and cash equivalents increased by 138.5% to £64.4m. Cash generated from operating activities saw a slight decline during the year, however, notes show that pre-tax profit fell by £33.2 million, due to unfavorable transaction conditions and a weak currency, which It has had some negative effects such as weak sales during peak sales seasons or extreme or off-season weather conditions, inability to compete effectively and loss of profit in case of low exchange rates. The amount of property, plant and equipment purchased by Debenhams is less than £11.4m compared to last year, but increases the cost of £6.1m to purchase intangible assets such as production control and goodwill . In financing activities, the drawdown of the revolving credit facility was up to £200 million, which is 33.33 times higher than last year. To obtain assurance on the effectiveness and level of liquidity to improve current assets to pay short-term debts and compliance with the risk management framework, Debenhams issued £225 million senior notes with a coupon rate of 5.25% on 2 July 2014, on the same day, the Group canceled its existing term loan and revolving credit facility and drew on a new revolving credit facility in the amount of £425.0 million. The various reductions in stocks and trade and other receivables amounted to £12.2 million.... .. half of the paper ......financial. Both companies had an almost short trade debt collection period; is considered optimal, as it indicates that it may take them little time to turn their credits into cash. However, Debenhams' trade debt repayment period was longer than that of Marks & Spencer, approximately 11 to 21 days over these 5 years. This indicates that Debenhams has a higher credit rating or has done a better job taking full advantage of the credit terms allowed by suppliers, but perhaps M&S managers made timely payments to take advantage of the discount offered by suppliers. All in all, Marks & Spencer did a better job than Debenhams in the 2014 financial year. It is worth mentioning that Debenhams joins M&S at Scunthorpe Retail Park and the project was signed off in May 2012 and the new Retail Park was inaugurated on October 24, 2014 and will be a new opportunity to compete.