On the other hand, it shows that the debt management ability of enterprises is insufficient. In the case of a certain capital profit rate, when the debt interest is lower than the profit rate, the debt operation will have better income.
Question 2: The reason why the asset-liability ratio is lower than 0.5 If the asset-liability ratio of an enterprise is lower than 50%, it means that it has strong solvency.
Asset-liability ratio is the percentage of total liabilities divided by total assets at the end of the period, that is, the proportional relationship between total liabilities and total assets. The asset-liability ratio reflects how much of the total assets are financed by borrowing, and can also measure the extent to which enterprises protect the interests of creditors in the liquidation process. Asset-liability ratio reflects the proportion of capital provided by creditors to total capital, also called debt operating ratio. Asset-liability ratio = total liabilities/total assets.
It indicates how much of the company's total assets are raised through debt, which is a comprehensive index to evaluate the company's debt level. At the same time, it is also an index to measure the company's ability to use creditors' funds for business activities, and also reflects the security of creditors' loans.
If the asset-liability ratio reaches 100% or exceeds 100%, it means that the company has no net assets or is insolvent!
The asset-liability ratio is a new financial data required to be disclosed in the interim report, and it is an important indicator reflecting the company's assets and operating conditions. Since the beginning of this year, the published annual report shows that among the companies that have published annual reports, more than 50% have an asset-liability ratio below 40%, 50%-70% have accounted for more than 40%, and few have more than 70%. Obviously, the asset-liability ratio of listed companies is generally low.
From a positive point of view, the asset-liability ratio is generally low, which shows that the company has low financial cost, low risk, strong solvency, stable operation and cautious attitude towards investment behavior. However, some professionals believe that the generally low asset-liability ratio indicates that enterprises tend to be cautious in their operations. From the accounting point of view, it is abnormal that the asset-liability ratio is too low or too high. If it is too low, it means that the business of the enterprise is very conservative or bearish on its own industry. Under normal circumstances, the asset-liability ratio of European and American countries is around 55%, while that of Japan and South Korea is 75%.
Under normal circumstances, the asset-liability ratio is the lever for enterprises to regulate financial management, and there should be a ratio between lending and shareholders' investment. As a listed company, there are many financing options when it encounters a funding gap, but one of the most important channels is to borrow from banks, and the other is to raise funds through the securities market. For the company, the interest cost and risk tolerance should be considered when borrowing from the bank; However, the cost of raising funds through the securities market will be lower. Therefore, as a listed company, it should make full use of the financing function of the securities market, so it is more inclined to raise funds in the securities market, which is the main reason why the asset-liability ratio of listed companies is generally low.
Question 3: Is the asset-liability ratio of enterprises as low as possible? Why? The asset-liability ratio of an enterprise is not as low as possible, which is determined by the asset owner. Divided into two situations
1. From the creditor's point of view
If the debtor's debt is relatively high, the creditor's solvency will be low, and the business risk of the enterprise will be mainly borne by the creditor. At the same time, I will also worry about whether the debtor will be insolvent in the future.
2. From the perspective of investors
The asset-liability ratio reflects how much of the total assets are financed by borrowing, and can also measure the extent to which enterprises protect the interests of creditors in the liquidation process. Therefore, for investors, the higher the debt, the greater the external force (such as bank loans) they can use, and they can get 10 or even higher returns by doing their part. Too low shows that the operators of the enterprise are conservative and lack enterprising spirit, so there is no need to invest. The asset-liability ratio of some enterprises in the world even reaches more than 300%-500%.
Asset-liability ratio = (total liabilities/total assets) × 100%
Question 4: Is the asset-liability ratio of an enterprise as low as possible? Why not? The asset-liability ratio of enterprises should be kept within a reasonable range, not as low as possible. If it is too low, it means that the borrowing ability and investment ability are very poor, and the development of enterprises will be limited.
Question 5: Is the asset-liability ratio of enterprises as low as possible? Why? Asset-liability ratio is the percentage of total liabilities divided by total assets, that is, the proportional relationship between total liabilities and total assets, also known as debt ratio. The calculation formula of asset-liability ratio is as follows:
Asset-liability ratio = (total liabilities/total assets) × 100%
Total liabilities in the formula refer to all liabilities of the enterprise, including not only long-term liabilities, but also current liabilities. The total assets in the formula refer to the total assets of the enterprise, including current assets, fixed assets, long-term investments, intangible assets and deferred assets.
Asset-liability ratio is an important symbol to measure the debt level and risk degree of enterprises.
It is generally believed that the appropriate level of asset-liability ratio is 40-60%. For enterprises with relatively high operating risks, in order to reduce financial risks, we should choose a relatively low asset-liability ratio; For enterprises with low operational risk, we should choose a higher asset-liability ratio to increase shareholders' income.
When analyzing the asset-liability ratio, it can be carried out from the following aspects:
1. From the creditor's point of view, the lower the asset-liability ratio, the better. The asset-liability ratio is low, and the proportion of funds provided by creditors to the total capital of the enterprise is low, so it is unlikely that the enterprise can not repay its debts. The risk of an enterprise is mainly borne by shareholders, which is very beneficial to creditors.
2. From the point of view of shareholders, they hope to maintain a high asset-liability ratio. From the standpoint of shareholders, it can be concluded that when the total capital profit rate is higher than the borrowing rate, the higher the debt ratio, the better.
3. From the operator's point of view, what they are most concerned about is to make full use of the borrowed funds to bring benefits to the enterprise and at the same time reduce the financial risks as much as possible.
The lower the ratio, the better. Because the owners (shareholders) of the company generally only bear limited liability, once the company goes bankrupt and liquidates, the realized income of the assets is likely to be lower than its book value. So if this index is too high, creditors may suffer losses. When the asset-liability ratio is greater than 100%, it means that the company is insolvent, which is very risky for creditors.
The theoretical data of the critical point of asset-liability ratio is 50%. If it is significantly lower than 50%, the risk is small, the use of external funds is less, and the development is relatively slow. The risk coefficient close to or higher than 50% is large, but it develops relatively fast and has more external funds.
Question 6: What does the asset-liability ratio mean? This can be seen on Baidu Encyclopedia! The following is what I think is more important!
Calculation formula of asset-liability ratio: the calculation formula is: asset-liability ratio = total liabilities/total assets × 100%. The lower the ratio, the better. Because the owners (shareholders) of the company generally only bear limited liability, once the company goes bankrupt and liquidates, the realized income of the assets is likely to be lower than its book value. So if this index is too high, creditors may suffer losses. When the asset-liability ratio is greater than 100%, it means that the company is insolvent, which is very risky for creditors. The asset-liability ratio reflects the proportion of funds provided by creditors to all funds, and the degree of protection of enterprise assets to creditors' rights. The lower the ratio (below 50%), the stronger the solvency of the enterprise. Usually, the selling price of assets at bankruptcy auction is lower than 50% of the book value, so if the asset-liability ratio is higher than 50%, the interests of creditors will not be guaranteed. There are significant differences in the liquidity of various assets. The loss of real estate realization value is small, and it is difficult to realize special equipment. The asset-liability ratio of different enterprises is different, which is related to the types of assets they hold. In fact, the analysis of this ratio depends on whose position you stand on. From the creditor's point of view, the lower the debt ratio, the better, the enterprise's debt repayment is guaranteed, and the loan will not be too risky; From the standpoint of shareholders, when the total capital profit rate is higher than the loan interest rate, the greater the debt ratio, the better, because the profits obtained by shareholders will increase. From the perspective of financial management, enterprises should assess the situation and make comprehensive consideration when making decisions on borrowing funds, fully estimate the expected profits and increased risks, weigh the gains and losses, and make correct analysis and decisions.
Question 7: What is the asset-liability ratio? How much is the best? What happens if it is too high or too low? Asset-liability ratio = total liabilities/total assets * 100%.
The total liabilities in the above formula include not only long-term liabilities but also short-term liabilities. On the whole, short-term liabilities are always occupied by companies for a long time, so they can be regarded as part of long-term sources of funds.
Under normal circumstances, the company's asset-liability ratio should be controlled at around 50%. From the standpoint of the company's creditors, the lower the company's asset-liability ratio, the better. In this way, the company's solvency is guaranteed and the loan adequacy coefficient is high. From the perspective of enterprise investors, if the profit rate of the company's total assets is higher than the loan interest rate, the higher the asset-liability ratio, the better; On the contrary, the lower the better. From the point of view of company operators, if the asset-liability ratio is too high, which exceeds the psychological endurance of creditors, the company will not be able to borrow money; If the company's asset-liability ratio is too low, it means that the company is cautious in the course of operation, does not borrow money easily for investment, or has sufficient funds of its own, and does not need large-scale borrowing for the time being.
Question 8: Is the asset-liability ratio of enterprises as low as possible? Why the asset-liability ratio is generally low shows that the company has low financial cost, low risk, strong solvency, relatively stable operation and cautious attitude towards investment behavior. However, some professionals believe that the generally low asset-liability ratio indicates that enterprises tend to be cautious in their operations. From the accounting point of view, it is abnormal that the asset-liability ratio is too low or too high. If it is too low, it means that the business of the enterprise is very conservative or bearish on its own industry.
Question 9: What does the asset-liability ratio reflect? Asset-liability ratio refers to the ratio of total liabilities to total assets. This indicator shows how much of an enterprise's assets are debts, and can also be used to check whether the financial situation of an enterprise is stable. Due to different perspectives, people have different understandings of this indicator.
Asset-liability ratio = total liabilities ÷ total assets × 100%
From the financial point of view, it is generally believed that China's idealized asset-liability ratio is around 40%. Listed companies are slightly higher, but the asset-liability ratio of listed companies generally does not exceed 50%. In fact, different people should have different standards. Business operators emphasize that the asset-liability ratio should be moderate, because the debt ratio is too high and the risk is great; The debt ratio is low, but it is too conservative. Creditors emphasize the low asset-liability ratio and always want to lend money to those enterprises with low debt ratio, because if a certain enterprise has low debt ratio, the possibility of money recovery will be greater. Investors usually don't take a stand easily. Through calculation, if the return on investment is greater than the loan interest rate, then investors are not afraid of high debt ratio, because the higher the debt ratio, the more money they earn. If the return on investment is lower than the loan interest rate, it means that the money earned by investors is eaten up by more interest. In this case, the operators of enterprises should not be required to maintain a high asset-liability ratio, but should maintain a low asset-liability ratio.
Question 10: the analysis of asset-liability ratio mainly reveals which problems asset-liability ratio is an important symbol to measure the debt level and risk degree of enterprises.
It is generally believed that the appropriate level of asset-liability ratio is 40-60%. For enterprises with relatively high operating risks, in order to reduce financial risks, we should choose a relatively low asset-liability ratio; For enterprises with low operational risk, we should choose a higher asset-liability ratio to increase shareholders' income.
When analyzing the asset-liability ratio, it can be carried out from the following aspects:
1. From the creditor's point of view, the lower the asset-liability ratio, the better. The asset-liability ratio is low, and the proportion of funds provided by creditors to the total capital of the enterprise is low, so it is unlikely that the enterprise can not repay its debts. The risk of an enterprise is mainly borne by shareholders, which is very beneficial to creditors.
2. From the point of view of shareholders, they hope to maintain a high asset-liability ratio. From the standpoint of shareholders, it can be concluded that when the total capital profit rate is higher than the borrowing rate, the higher the debt ratio, the better.
3. From the operator's point of view, what they are most concerned about is to make full use of the borrowed funds to bring benefits to the enterprise and at the same time reduce the financial risks as much as possible.
This depends on the type of enterprise to analyze. Some enterprises are characterized by high asset-liability ratio, such as financial insurance, and some enterprises have low asset-liability ratio, such as manufacturing. In addition, it should be compared with the industry average.