模型公司的偿债能力分析【外文翻译】

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1、外文翻译原文ModelsofCompany’sSolvencyAnalysisMaterialSource:http://www.google.com.hk/search?hl=zh-CN&source=hp&q=SOLVENCY+ANALYSIS&btnG=Google+%E6%90%9C%E7%B4%A2&meta=&aq=f&aqi=&aql=&oq=&gs_rfai=Author:ArdeleanVictorAbstract.Inthepapertheauthorsshowthedifferentmodelsofanalyzingthecompany’ssolvenc

2、y,takingintoaccountmanyratioswithdifferentimportance.Keywords:generalstability,financialsolvency,reimbursingcapacity.1IntroductionThestatusoffinancialsolvabilityismulti-criteriaapproachedbylocalspecialistsandfromabroad.TheInternationalAccountingStandardsmentionthefactthatsolvencyreferstocas

3、havailabilityforagreaterperiodoftimeduringwhichtheduetimefinancialengagementsoughttobecovered.Inouropinion,solvencyhastobeanalyzedfromthepointofviewofitsfunctionandthetimehorizonitimplies.Thatiswhywebelievethatsolvabilityexpressesthecapacityofaneconomicagentofreimbursingonduetime(largerthen

4、1year)thecurrentratestowardsbanksandotherfinancialinstitutions.Atthesametime,webelievethatsolvabilityisastateoffinancialequilibriummeasuringthevalueofthecapital,ascomparedtothepatrimony’ssize.2MethodandResultsSolvencycanbeshownthroughmanymodels.Theyarepresentedbelow.2.1Theanalysisofgenerals

5、tabilityTheindicatorofgeneralstability(ISG)showsthedegreeinwhichthetotalassetsofthecompanyareabletocoverthetotaldebtsofthecompany.Thisindicatorshowsthedegreeinwhichdebtscanbecoveredusingassets.ISG=Totalasset/Totaldebt,Theminimumlevelacceptableisof1.66(evenifitshouldbeatleast2.00).Underthisl

6、evel,thecompanyfacesthedangerofpaymentincapacity.Theoptimumlevelis3.00.9Thegeneralsolvencyreport(RSG)indicatestheamountofthenetaccountingassetintotalasset:RSG=NetAccountingAsset/Totalasset.Theminimumlevelacceptableisof35%,buttheoptimumoneisofatleast50%.Indicator2002200320042005SimbolTotalAs

7、set183763008213169364289944108305777818AtTotalLiability9721707389964477139336362159570651DtNetAccountingAsset86545935123204887150607746146207167AncIndicatorofGeneralSovency1.892.372.081.92Lsg=At/DtGrowthIndicator100%125%88%92%Iclsg=lsgn/lsgoVariationofth