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所在平台: Udemy |
课程主页: https://www.udemy.com/course/leverage-in-business-finance/
课程评论：没有评论
**课程名称：** 商业金融中的杠杆 **课程概述：** 本课程深入探讨了杠杆在商业金融中的核心概念及其在投资和公司融资中的应用。 **面向对象：** * **投资者：** 学习如何利用期权、期货、保证金账户等工具，通过杠杆放大投资回报。 * **企业：** 了解企业如何运用债务融资而非股权融资来为资产融资，以投资于业务运营并提升股东价值。 **核心内容：** 1. **杠杆概念：** 掌握杠杆的基本原理。 2. **经营杠杆：** * 理解经营杠杆的定义和计算方法。 * 学习如何计算经营杠杆的程度（DOL），包括两种计算公式： * EPS 变动百分比 / EBIT 变动百分比 * EBIT / (EBIT - 利息费用) * 认识到更高的经营杠杆程度意味着公司每股收益（EPS）的波动性更高。 3. **财务杠杆：** * 理解财务杠杆的定义和计算方法。 * 学习如何计算财务杠杆的程度（DFL）。 4. **综合杠杆：** 了解经营杠杆和财务杠杆的结合影响。 5. **收益表构建：** 学习如何在收益表中体现杠杆的影响。 **课程价值：** 通过本课程，学员将全面掌握不同类型的杠杆，并学会如何计算和分析其程度，从而更好地理解企业的财务结构和风险，做出更明智的投资和融资决策。
The concept of leverage is used by both investors and companies. Investors use leverage to significantly increase the returns that can be provided on an investment. They lever their investments by using various instruments, including options, futures, and margin accounts. Companies can use leverage to finance their assets. In other words, instead of issuing stock to raise capital, companies can use debt financing to invest in business operations in an attempt to increase shareholder value. To properly evaluate these statistics, it is important to keep in mind that leverage comes in several varieties, including operating, financial, and combined leverage. Fundamental analysis uses the degree of operating leverage. One can calculate the degree of operating leverage by dividing the percentage change of a company's earnings per share (EPS) by its percentage change in its earnings before interest and taxes (EBIT) over a period. Similarly, one could calculate the degree of operating leverage by dividing a company's EBIT by EBIT less interest expense. A higher degree of operating leverage shows a higher level of volatility in a company's EPS. In this course, the students will learn:Concept of LeverageConcept & Calculation of Operating LeverageDegree of Operating LeverageConcept & Calculation of Financial LeverageDegree of Financial LeverageConstruction of Income Statement using Leverage
