Gearing ratio

简明释义

运用倍数

英英释义

例句

1.A low Gearing ratio 负债比率 suggests that the company has less financial risk.

较低的负债比率表明公司财务风险较小。

2.Investors often look at the Gearing ratio 负债比率 to assess the financial risk of a company.

投资者通常查看负债比率来评估公司的财务风险。

3.The management team decided to reduce the Gearing ratio 负债比率 by paying off some loans.

管理团队决定通过偿还部分贷款来降低负债比率。

4.The company's Gearing ratio 负债比率 indicates a high level of debt compared to its equity.

该公司的负债比率显示其相对于股本的债务水平较高。

5.A Gearing ratio 负债比率 above 50% may indicate that the company is overly reliant on debt.

超过50%的负债比率可能表明公司过于依赖债务。

作文

The concept of gearing ratio is essential for understanding a company’s financial structure and its implications for risk and return. In finance, gearing ratio refers to the proportion of a company's debt to its equity. It is a critical indicator that helps investors assess how much of a company’s capital is financed through debt versus equity. A high gearing ratio suggests that a company is primarily funded by loans, which can increase its financial risk, especially in times of economic downturn. Conversely, a low gearing ratio indicates a more conservative approach, where the company relies more on equity financing, making it less vulnerable to interest rate fluctuations.Understanding the gearing ratio can help potential investors make informed decisions. For example, if a company has a gearing ratio of 70%, it means that 70% of its capital comes from debt. This situation could be concerning for some investors, as it indicates that the company may struggle to meet its debt obligations if its cash flow decreases. On the other hand, companies with a lower gearing ratio, such as 30%, might be seen as safer investments because they have less debt to repay, thus reducing the financial burden during tough economic times.Moreover, the gearing ratio can vary significantly across different industries. For instance, utility companies often have high gearing ratios due to the capital-intensive nature of their operations. Investors in this sector may accept higher levels of debt because these companies typically generate stable cash flows. In contrast, technology firms might maintain lower gearing ratios, as they rely more on equity financing to support innovation and growth.Another important aspect to consider when analyzing the gearing ratio is its impact on shareholder returns. Companies with higher levels of debt can potentially offer higher returns on equity during profitable times. This phenomenon occurs because debt financing can amplify profits. However, it also increases the risk of losses during downturns, which can lead to significant volatility in shareholder returns.In conclusion, the gearing ratio is a vital tool for evaluating a company’s financial health and risk profile. Investors should carefully analyze this ratio alongside other financial metrics to gain a comprehensive view of a company's performance. Understanding the implications of a high or low gearing ratio can guide investment choices and help manage financial risks effectively. Ultimately, a balanced approach to debt and equity financing is crucial for long-term business sustainability and growth.

“杠杆比率”这一概念对于理解公司的财务结构及其对风险和回报的影响至关重要。在金融领域，“杠杆比率”指的是公司债务与股本的比例。这是一个关键指标，帮助投资者评估公司资本中有多少是通过债务而非股权融资的。较高的“杠杆比率”表明公司主要依赖贷款进行融资，这可能在经济下行时期增加其财务风险。相反，较低的“杠杆比率”则表明公司采取了更为保守的融资方式，更多依赖股权融资，从而使其在利率波动时的脆弱性降低。理解“杠杆比率”可以帮助潜在投资者做出明智的决策。例如，如果一家公司具有70%的杠杆比率，这意味着其资本的70%来自于债务。这种情况可能会让一些投资者感到担忧，因为它表明如果公司的现金流减少，它可能会难以履行债务义务。另一方面，杠杆比率较低的公司，如30%，可能被视为更安全的投资，因为它们需要偿还的债务较少，从而在经济困难时期减轻财务负担。此外，不同行业的“杠杆比率”可能差异显著。例如，公用事业公司由于运营资本密集，通常具有较高的杠杆比率。该行业的投资者可能会接受更高的债务水平，因为这些公司通常产生稳定的现金流。相比之下，科技公司可能保持较低的杠杆比率，因为它们更多依赖股权融资来支持创新和增长。分析“杠杆比率”时，另一个重要方面是其对股东回报的影响。拥有较高债务水平的公司在盈利时可能提供更高的股本回报。这种现象发生的原因是，债务融资可以放大利润。然而，在经济下行期间，它也增加了亏损的风险，这可能导致股东回报的显著波动。总之，“杠杆比率”是评估公司财务健康和风险状况的重要工具。投资者应仔细分析该比率及其他财务指标，以全面了解公司的表现。理解高或低“杠杆比率”的影响可以指导投资选择，并有效管理财务风险。最终，平衡的债务和股权融资方式对企业的长期可持续发展和增长至关重要。