债务股本比(Debt to Equity Ratio)是衡量公司偿付能力与股本结构的指标, 它通过比较公司债务与公司股本, 来测量公司借债与偿付的能力。
债权人和投资者对债务股本比的运用
债权人和投资者都很紧密关注债务股本比,因为它显露出公司管理者在多大程度上愿意举债经营,而不是利用自有股本。 贷方如银行尤为敏感这一比率,因为过高的债务股本比将使他们面临贷款无法收回的风险。 对此风险,银行往往会通过限制性合同,迫使公司用超额现金流量偿付债务, 必须用现金支付的限制性要求也很普遍,同样还可以要求投资者自身投入更多股本。
债务股本比的计算
债务股本比公式相当简单:
即用总债务除以总股本。 可以再乘以100得到其百分比。
需要注意的是,总负债应包括所有营运及资金的租借付款项目。
有的时候,在计算时只考虑用需要支付利息的长期负债作为分子,来考察公司的债务股本结构。
债务股本比基准
将同一行业内不同公司的债务股本比进行比较,可能更有意义。 专家建议是最好将债务股本比放入一个较长的时间周期来考虑(比如几年),此外,还要考虑的因素有债务的偿付时间,它对公司的偿付能力有很大影响。
债务股本比 小组。

小组 (6名成员)
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Calculating Financial Gearing
Hello there. I need some help on how to calculate financial gearing by using debenture market price and how to find or calculate the market price. I know that the financial gearing formula is = D / D ...
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Republishing in ...
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比较: Cash Flow from Operations[经营业务现金流量] | Dividend Payout Ratio[股息支付率] | Benchmarking[标杆分析]
返回到分类主页: 金融与投资
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