营运资本和设备贷款的信用风险知识讲稿.pptVIP

By the time a borrower is forced to delay paying any debt, numerous payments, such as for trade debt, may already have been delayed. First we need to see how the firm is servicing its current liabilities. Lets assume the sales volume doubles. This, in turn causes current assets to double, since there are now twice as many items in the processing stream. With working capital remaining unchanged, current liabilities are forces to grow disproportionately, resulting in past-due debts. This is a problem that can result from rapidly growing sales. If working capital or the commitments from curr