查询词典 cash flow

John Rogers, 11.30.05Once we understand the business and where we think it's going, we'll estimate the sustainable free cash flow the company can generate net income, plus depreciationand amortization, minus maintenance capital spending. Depending on the growth potential, defensibility and profitability of the business, we'll put a 10- 14x multiple on that free cash flow to arrive at a target price.

一旦我们理解公司并且它的发展方向，我们就会估计这家公司能够产生的持续的自由现金流——净收益+折旧+分期还款-净投资，依靠企业的成长潜力、可防御性和收益情况，我们会把目标价定为自由现金流的10-14倍。

Hicks told The Times: You have to look 'cash flow'rather than accounting - and we intend to operate Liverpoolwhere it has a very strong positive cash flow, so we have the resources to beas competitive as possible on the pitch.

希克斯告诉《金融时报》："你可以去看看'现金流'而不是我们的账面。我们打算运作一个有着非常强壮和积极现金流的利物浦，这样我们就有资源以提供球队在球场上的竞争力。"

Objective of cash flow management is the basis of the theory and is the logical starting point of the research, which directs the development of the theory and is the driving force for the management of cash flow.

不同的现金流量管理目标会产生不同的现金流量管理行为，因而，科学的现金流量管理目标对于优化现金流量管理行为有着重要的意义。

Life insurance company, whose process of cash flow is different from general company, runs by cash as the carrier, and the cash flow inflow the life insurance company after outflow.

寿险公司是以现金为载体进行经营的，寿险业的现金流转过程与实业公司不同，通常是先有现金流入，然后才有现金的流出，并且寿险公司的现金流出时间和金额具有不确定性。

In line with theory on agency cost of dividend, a high rate of dividend payment could make the manager disgorge extra free cash flow, thus reducing the agency cost of free cash flow.

股利代理成本理论认为，较高的股利支付水平可以迫使经理人"吐出"自由现金流，从而降低企业自由现金流代理成本。

Based on the theory of agency, the theory of property rights and the theory of the ownership structure of the firm, Michael C. Jensen developed a hypothesis of free cash flow. He points out "Conflicts of interest between shareholders and managers over payout policies are especially severe when the organization generates substantial free cash flow. The problem is how to motivate managers to disgorge the cash rather than investing it at below the cost of capital or wasting it on organization inefficiencies."

在借鉴资本结构论、公司控制权市场论、契约论等研究成果的基础上，詹森提出了自由现金流量理论，该理论主要讨论了股东与管理者之间存在的代理成本问题，认为股东应该"促使管理者吐出这些现金，而不是将剩余现金以低于资本成本的收益率进行投资，或者在低效率的组织中耗费"。

From the cash flow situation, the first three quarters in addition to the extractive industry, communication and cultural industries, manufacturing, other business than last year, net cash flow declined to fully explain the whole market economy funding constraints, the financial crisis is beginning to affect the real economy.

前三除采掘业，通讯和文化方面的产业，制造业，比上年其他业务，净现金流减少，充分说明整个市场经济的资金拮据，金融危机开始影响实体经济。

Fitch develops its own cash flow models to evaluate the cash flow and liquidity dynamics of the structure.

Fitch 开发它自己的现金流动模型评估结构的现金流动和流动资产动力学。

Based on the recognition on cash flow sheet. This essay puts forward some viewpoints about how to make use of cash flow sheet for financial analysis.

本文试在对现金流量表认识的基础上，对如何利用其进行财务分析提出了一些浅见。

The article takes this as study objective and the cash flow difference as the main theme. It first obverses the characteristics and difference of cash flow and then analyzes risks of capital flow with different nature in the group framework, based on which to build the complete supervision system.

本文以之为研究对象，以现金流的差异性为主线，首先考察了保险、银行及证券公司现金流特点与差异性，然后在集团框架内分析不同性质的资金流动风险，在此基础上设计合适的监管模式，通过设置防火墙、预警体系，构建完善的监管体系。

I am accused of being overreligious," she said in her quiet, frank manner,"but that does not prevent me thinking the children very cruel who obstinately commit such suicide.""

客人们在卡罗利娜·埃凯家里，举止就文雅一些，因为卡罗利娜的母亲治家很严厉。

Designed by French fashion house Herm è s, this elegant uniform was manufactured in our home, Hong Kong, and was the first without a hat.

由著名品牌 Herm è s 设计，这件高贵的制服是香港本土制造，是我们第一套不配帽子的制服。