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注会财管 老师 您好 请问项目资本预算 卸载可比公司财务杠杆,分母那里 为什么 产权比例 要乘以 (1-税率)?
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您好,因为是需要把这个负债,然后利率扣除的
2023 05/18 21:03
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2023 05/18 21:08
什么意思?没听懂
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2023 05/18 21:09
就是说,卸载的时候,相当于我们要计算税后的利率的意思
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2023 05/18 21:13
这个公式中也没有利率啊?
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2023 05/18 21:14
税率,说错了,这个是税率
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2023 05/18 21:16
真晕啊 那这个里面没有利息啊 为什么要乘以 1-税率
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2023 05/18 21:17
您看啊,财务杠杆,说的是不是长期债权形成的负债?
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2023 05/18 21:20
不是啊 这里用的是 净负债 除以 权益 ,净负债不是长期负债啊
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2023 05/18 21:21
净负债不是金融负债减去金融资产吗
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2023 05/18 21:23
是啊 但是金融负债也有短期的啊
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2023 05/18 21:24
对,是有短期的,但是他是不是产生的利息?
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2023 05/18 21:27
是啊 但是这个跟权益乘数有什么关系啊
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2023 05/18 21:28
是这样的,他是为了卸载掉债务星辰的利息,也就是不含资本成本,之后再去算被投资企业的
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2023 05/18 21:32
不含资本成本?不明白
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2023 05/18 21:33
嗯对,不含可比企业债务的资本成本