财务杠杆利益

负债经营是现代企业常采用的一种经营策略，它既可带来财务风险又可带来财务杠杆利益。

The liability operation is the operating tactics often adopted by modern enterprises . It can bring the financial risks as well as the benefit on financial leverage .

合理运用财务杠杆给企业权益资本带来的额外收益，即财务杠杆利益是现代企业资本运营的一项重要内容。

The rational use of the degree of financial leverage can bring extra benefits to the enterprise , it means that the benefit on financial leverage is an important part in the capital operation of a modern enterprise .

为了获得财务杠杆利益，我国企业经常会负债经营，财务风险也因此产生。

Chinese enterprises usually operate business with debt in order to acquire the finance lever benefits , which may often cause financial risks .

通过分析现代资本结构理论，得到了负债经营可为电力企业带来避税效应和财务杠杆利益的启示。

The inspiration from the theory of modern capital structure is that indebtedness can bring tax avoidance and income from financial leverage to electric enterprises .

合理的举债能为企业带来财务杠杆利益，但举债不当，将使企业蒙受损失，陷入债务危机，甚至导致破产。

Reasonable borrowing can make enterprises get financial leverage good , or make enterprises incur loss , be in debt crisis and even go bankrupt .

增加财务杠杆利益，优化资本结构，保持良好的财务状况，发挥资金的有效利用率，才能实现资金的最大利润率，使地勘单位适应市场经济环境，提高其经济实力。

Increasing the good financial benefits , choosing reasonable funds construction , keeping good financial condition , and making full use of funds can realize the biggest profits of funds , adapting the geological prospecting units to the market economic environment to raise its economic level .

运用财务杠杆可以获得一定的财务杠杆利益，同时也承受相应的财务风险。

It can not only help an enterprise make profits , but also bring about financial risks .

由于财务杠杆受多种因素的影响，在获得财务杠杆利益的同时，也伴随着不可估量的财务风险。

Benefits of financial level are always accompanied with the inestimable financial risks since financial level is affected by many factors .

但当负债比率太高时，又会带来较大的财务风险，为此，公司必须权衡财务风险和杠杆利益的关系，合理确定负债数额，运用EBIT&EPS分析法、比较公司价值法，以确定最优资本结构。

When liability rates are too high , it may bring the financial risk . So a company must weigh the financial risks and interests , make sure the proper liability amount and apply the EBIT-EPS analysis method , the company value comparision method to determine the best capital structure .