嗨,努力学习的PZer你好:
A选项:debt/capital=debt/(debt+equity)
对于X公司来说,debt/capital=(0.5+11.7)/(0.5+11.7+1.3)=90.4%
对于Y公司来说,debt/capital=(8.7+21.1)/(8.7+21.1+64)=31.8%
B选项:EBITDA=operating income+D&A
对于X公司来说,debt/EBITDA=(0.5+11.7)/(1.1+1.0)=5.81
对于Y公司来说,debt/EBITDA=(8.7+21.1)/(13.3+3.8)=1.74
C选项:
1、对于X公司:
Free cash flow after div = CFO-net capital expenditures – div=3.3-0.8-0.3=2.2
debt=0.5+11.7=12.2
FCF after div/debt=2.2/12.2=18.0%
2、对于Y公司:
FCF after div = 14-1.1-6.1=6.8
debt=8.7+21.1=29.8
FCF after div/debt=6.8/29.8=22.8%
----------------------------------------------虽然现在很辛苦,但努力过的感觉真的很好,加油!