NO.PZ2022090802000013
问题如下:
Which of the following is most likely to increase financial leverage?选项:
A.Cutting prices B.Replacing short-term debt with long-term debt C.Entering a sale-leaseback transaction for the company's head office building解释:
SolutionC is correct. Entering a sale–leaseback transaction for the company's head office building increases financial leverage. The company sells assets with the obligation to repurchase the assets in the future as well as make lease payments. These transactions increase its financial leverage. Additionally, sale and leaseback transactions reduce the business's overall asset base, which, in turn, reduces its ability to add more debt should the company need to raise debt. Cutting prices reduces the profit margin for the business, thereby increasing operating leverage. Replacing short-term debt with long-term debt does not change financial leverage: Debt, irrespective of maturity, is simply debt.
这种asset具体是怎么增加financial leverage的呢?是因为总资产减少了从而debt比例上升还是说以后的回购以及租金算作debt?请讲解一下