改善资产负债表 提高公司评级.docVIP

改善资产负债表 提高公司评级 How CFOs Solidify and Beautify Balance Sheets 来源：天和网 核心提示：各个公司都在努力寻求办法来强化公司的资产负债表，提高公司的股本比率，以改善其评级状况。 Companies are weatherproofing their balance sheets ahead of a coming storm. Savings measures are being implemented for operational business. Corporate finance departments are looking to strengthen their balance sheets in order to improve ratings. These measures are not always enduring, however. 【报道】在挑战来临之前，公司会提高自己资产负债表的抵抗力。在实际操作中储蓄手段已经得到应用，为了提高评定等级，公司财务部门都在寻求方法强化资产负债表。但是，那些方法的持久性却不强。 In the Ruhrort district of Duisburg, an important German trade and industrial city on the Rhine River, preparations are being made for a slump. There, Haniel Group, a trading house steeped in tradition, is selling portions of its holdings in major German companies Metro and Celesio in order to reduce its debt. CFO Dr. Florian Funck’s goal is to free up €400 million in total – €100 million through the group’s shares in Celesio and €300 million from Metro. At the same time, the group wants to remain the majority shareholder in both companies with 50% and 30% holdings in them, respectively. 杜伊斯堡鲁尔河口地区是德国莱茵河上一个重要的贸易和工业城市，正在为衰退做准备。那里，一家重视传统的交易公司哈尼尔集团正在出售所持有的大型德国公司麦德龙和塞拉西药店的部分股份以减少债务。财务总监Florian Funck的目标是总体上回收4亿欧元——一亿欧元的麦德龙股份以及三亿欧元的塞拉西股份。同时，集团希望继续成为两个集团的大股东，分别持有两个公司50%和30%的股份。 The primary purpose for selling the shares is to tighten the company’s balance sheet; indirectly, this will also boost its creditworthiness. In doing this, Haniel is not alone. “Lots of what companies are doing with their balance sheets right now serves to improve their ratings,” Kai Hartmann, head of corporate finance at financial services provider Youmex, told CFO Insight. The mechanism is clear: reduce total assets, improve equity ratios and strengthen your rating, he says. 出售股份的主要目的为了强化公司资产负债表。间接的，这也将促进公司信誉。哈尼尔并不是唯一这样做的人。金融投资服务提供商Youmex的公司财务主管哈特曼说：“许多公司现在都在改善自己的资产负债表，以提高公司评级。”他说，这个道理很简单：减少总资产,以提高股本比率和加强公司评级。 Selling accounts receivable takes the strain off working capital 出售应收账款以滤掉营运资本 Co