capital rationing

简明释义

资金合理分配

英英释义

例句

1.The company faced capital rationing 资本配给 due to limited funding options.

由于资金选择有限，公司面临着资本配给。

2.The startup struggled with capital rationing 资本配给 as it sought to expand its operations.

这家初创公司在寻求扩展业务时苦于资本配给。

3.Effective strategies are needed to navigate capital rationing 资本配给 in a competitive market.

在竞争激烈的市场中，需要有效的策略来应对资本配给。

4.During periods of capital rationing 资本配给, firms must prioritize their investment projects carefully.

在资本配给期间，企业必须仔细优先考虑投资项目。

5.Investors often look for companies that can manage capital rationing 资本配给 effectively.

投资者通常寻找能够有效管理资本配给的公司。

作文

In the world of finance and investment, businesses often face various challenges when it comes to allocating their resources effectively. One of the most critical concepts that arise in this context is capital rationing. 资本配给 refers to a situation where a company has limited funds available for investment, forcing it to prioritize certain projects over others. This can occur due to various reasons, such as budget constraints, economic downturns, or simply a lack of available capital. Understanding capital rationing is essential for companies to make informed decisions about their investments and ensure sustainable growth.When a business encounters capital rationing, it must evaluate its potential projects carefully. The process typically involves assessing the expected returns on investment (ROI) and comparing them to the costs associated with each project. For instance, a company might have several lucrative projects in mind but only enough capital to fund a few of them. In such cases, management must decide which projects align best with the company's strategic goals and offer the highest potential returns.One common method used to address capital rationing is the profitability index (PI). The profitability index is calculated by dividing the present value of future cash flows by the initial investment cost. Projects with a PI greater than one are generally considered acceptable because they promise returns that exceed the costs. By ranking projects based on their profitability index, companies can allocate their limited capital more effectively.Another approach to managing capital rationing is through the use of payback period analysis. This method focuses on the time it takes for an investment to generate sufficient cash flows to recover the initial investment. While this approach may not capture the full picture of a project's profitability, it can be useful for identifying projects that will return capital quickly, which is crucial in a constrained financial environment.However, capital rationing can also lead to missed opportunities. When companies are overly cautious in their investment decisions, they may forgo potentially profitable projects simply because they do not fit within the current budget constraints. Therefore, it is essential for businesses to strike a balance between being prudent and being opportunistic. Long-term planning and forecasting can help mitigate the risks associated with capital rationing and allow companies to prepare for future investment needs.Moreover, external factors can influence capital rationing decisions. Economic conditions, interest rates, and market competition can all impact a company's ability to secure funding. For example, during economic downturns, investors may become more risk-averse, making it challenging for companies to raise capital. Consequently, businesses must remain agile and adaptable to navigate these challenges effectively.In conclusion, capital rationing is a fundamental concept that affects how companies allocate their financial resources. It requires careful analysis and strategic decision-making to ensure that limited funds are invested in the most promising projects. By employing various evaluation methods and remaining aware of external influences, businesses can better manage capital rationing and position themselves for long-term success. Ultimately, understanding and mastering this concept is vital for any organization aiming to thrive in a competitive marketplace.

在金融和投资的世界中，企业在有效分配资源时常常面临各种挑战。其中一个关键概念是资本配给。资本配给指的是公司可用于投资的资金有限，迫使其优先考虑某些项目而非其他项目。这种情况可能由于预算限制、经济衰退或仅仅是缺乏可用资本而发生。理解资本配给对企业做出明智的投资决策并确保可持续增长至关重要。当企业遇到资本配给时，必须仔细评估潜在项目。这个过程通常涉及评估投资的预期回报（ROI），并将其与每个项目相关的成本进行比较。例如，一家公司可能有几个有利可图的项目，但只有足够的资金来资助其中的一部分。在这种情况下，管理层必须决定哪些项目最符合公司的战略目标，并提供最高的潜在回报。应对资本配给的一种常见方法是盈利指数（PI）。盈利指数通过将未来现金流的现值除以初始投资成本来计算。盈利指数大于1的项目通常被认为是可接受的，因为它们承诺的回报超过了成本。通过根据盈利指数对项目进行排名，公司可以更有效地分配其有限的资本。管理资本配给的另一种方法是使用回收期分析。这种方法关注投资产生足够现金流以收回初始投资所需的时间。虽然这种方法可能无法全面反映项目的盈利能力，但它对于识别能够快速回本的项目非常有用，这在资金紧张的环境中至关重要。然而，资本配给也可能导致错失机会。当企业在投资决策中过于谨慎时，它们可能会放弃潜在的有利可图的项目，仅仅因为这些项目不符合当前的预算限制。因此，企业必须在谨慎和机会之间找到平衡。长期规划和预测可以帮助减轻与资本配给相关的风险，使公司能够为未来的投资需求做好准备。此外，外部因素也会影响资本配给决策。经济状况、利率和市场竞争都可能影响公司获得资金的能力。例如，在经济衰退期间，投资者可能会变得更加厌恶风险，从而使公司筹集资金变得困难。因此，企业必须保持灵活和适应性，以有效应对这些挑战。总之，资本配给是影响公司如何分配财务资源的基本概念。它需要仔细分析和战略决策，以确保有限的资金投资于最有前途的项目。通过采用各种评估方法并保持对外部影响的敏感，企业可以更好地管理资本配给，为长期成功奠定基础。最终，理解和掌握这一概念对于任何希望在竞争激烈的市场中蓬勃发展的组织都是至关重要的。