财务杠杆

Don Carty, the computer-maker's chief financial officer, said:"We do expect to access capital markets to increase our leverage."

该公司首席财务官唐·卡蒂表示："我们确实打算进入资本市场，提高自己的杠杆水平。"

Therefore, in principle the use of operating leverage, we must take full account of its double-sided, and only the interests of the pursuit of operating leverage is often the result of the risk of being hit DOL, which eventually led to the financial crisis.

所以企业在运用经营杠杆原理时，一定要充分考虑其双面性，仅仅追求经营杠杆利益的结果往往是遭受经营杠杆风险的打击，最终导致企业的财务危机。

Leverage can produce miraculous strength and leverage in the financial management of the same presence.

杠杆能产生神奇的力量，而杠杆作用在财务管理中同样存在。

Likewise, Rick Simonson, chief financial officer of Nokia, says it came under pressure to gear up in 2006-07, but that its bosses had "thick skins" and a good enough record to bat away the criticism.

同样地，诺基亚的首席财务官里克西蒙森说，06-07年度公司面临加大杠杆作用的压力，幸好公司的经理们脸皮够厚并有着足够好的公司管理经历，才得以将那些批评击退。

Therefore, it is especially important to learn the basic knowledge about financial risk and to learn tousle the financial lever to prevent financial risk.

因此，这是特别重要的学习的基本知识，财务风险，并学习tousle金融杠杆，以防范金融风险。

S the knowledge of finance has its field extended and progressed, many corporations have tried to apply all kinds of methods to transfigure financial statements or invest in financial derivatives of high leverage.

bstract：财务金融日新月异，造就了许多公司企业运用各式各样的方法美化财务报表或投资於高杠杆的金融商品。

Don Carty, the computer-maker's chief financial officer, said:"We do expect to access capital markets to increase our leverage."

该公司首席财务官唐·卡蒂表示：&我们确实打算进入资本市场，提高自己的杠杆水平。&

For those normally runed firms, shareholders are willing to take more debts to take the advantages of leverage and tax shield effect from debt financing, while the shareholders may not borrow from the ordinary debtees but from themselves.

对于正常经营的企业，为了发挥债务资本的税蔽效应和杠杆作用，股东往往愿意企业负债经营，但是负债的对象不一定是普通债权人，很可能是股东自身；对于陷入财务危机的企业，为套牢普通债权人获得更多的企业重组收益，股东也愿意&自我负债&融资。

Balance sheet rebuilding will spread over the next several years, and regulators will seek to limit leverage, thereby reducing credit growth and ROEs for Corporate America, in our view.

财务状况的修复过程将持续若干年，监管机构将设法限制杠杆经营，这将抑制信贷增长和美国企业的净资产收益率。

But we don't care about Battlegrounds.

但我们并不在乎沙场中的显露。

Ah! don't mention it, the butcher's shop is a horror.

啊！不用提了。提到肉，真是糟透了。