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小熊猫 · 2023年02月18日

可以把start up的Debt financing描述为very costly吗?

NO.PZ2021091701000023

问题如下:

Which of these statements is most accurate with respect to the use of debt by a start-up fashion retailer with negative cash flow and uncertain revenue prospects?

选项:

A.

Debt financing will be unavailable or very costly.

B.

The company will prefer to use equity rather than debt given its uncertain cash flow outlook.

C.

Both A and B.

解释:

C is correct. For a start-up company of this nature, debt financing is likely to be unattractive to lenders—and therefore very expensive or difficult to obtain. Debt financing is also unappealing to the company, because it commits the company to interest and principal payments that might be difficult to manage given its uncertain cash flow outlook.

如题

1 个答案
已采纳答案

王琛_品职助教 · 2023年02月19日

嗨,爱思考的PZer你好:


1

可以的

因为根据题干背景,初创企业,现金流为负,营收预期不确定

这种情况下,很难通过债权融资,因为债权人关心的是企业能否按时足额的还本付息

2

所以对于初创企业来说,主要是通过股权融资

如果有债权融资,成本也非常高,毕竟债权人承担的风险是很大的

也请参考基础班讲义墨迹版 P332

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