模型公司的偿债能力分析外文翻译.docVIP

外文翻译 原文 Models of Company’s Solvency Analysis Material Source: .hk/search?hl=zh-CNsource=hpq=SOLVENCY+ANALYSISbtnG=Google+%E6%90%9C%E7%B4%A2meta=aq=faqi=aql=oq=gs_rfai= Author: Ardelean Victor Abstract. In the paper the authors show the different models of analyzing the company’s solvency, taking into account many ratios with different importance. Key words: general stability, financial solvency, reimbursing capacity. 1 Introduction The status of financial solvability is multi-criteria approached by local specialists and from abroad. The International Accounting Standards mention the fact that solvency refers to cash availability for a greater period of time during which the due time financial engagements ought to be covered. In our opinion, solvency has to be analyzed from the point of view of its function and the time horizon it implies. That is why we believe that solvability expresses the capacity of an economic agent of reimbursing on due time (larger then 1 year) the current rates towards banks and other financial institutions.At the same time, we believe that solvability is a state of financial equilibrium measuring the value of the capital, as compared to the patrimony’s size. 2 Method and Results Solvency can be shown through many models. They are presented below. 2.1 The analysis of general stability The indicator of general stability (ISG) shows the degree in which the total assets of the company are able to cover the total debts of the company. This indicator shows the degree in which debts can be covered using assets. ISG = Total asset/ Total debt, The minimum level acceptable is of 1.66 (even if it should be at least 2.00). Under this level, the company faces the danger of payment incapacity. The optimum level is 3.00. The general solvency report (RSG) indicates the amount of the net accounting asset in total asset: RSG = Net Accounting Asset/ Total asset. The minimum level acceptable is of 35%, but the optimum one is of at least 50%