Working Capital and Equipment Loans营运资本和设备贷款.pptVIP

Credit Risks in Working Capital and Equipment Loans营运资本和设备贷款的信用风险 Alexandru Cebotari Working Capital – Why Is It So Important营运资本：为何这么重要？ The financial element of risk is defined as the inability of cash generation to: 风险的财务元素被定义为现金流量不能达到以下情况： Maintain working capital 维持运营资本 Maintain productive assets 维持经营性资产 Meet debt service in schedule 不能定期还本付息 Pay reasonable dividends 支付合理股息 Maintain some borrowing power 维持一定的借款能力 Cash generation is defined as profits plus depreciation. Is it true? 现金流量被定义为利润加上折旧， 正确吗？ Operating expenses on the net income statement include depreciation expens