NO.PZ2018062006000146
问题如下:
In 2017, company M reported that its funds from operations (FFO) increased, the total debt remained the same as last year. Moreover, company M issued additional common shares in 2017. Compared with last year, the company's ability to service its debt tends to:
选项:
A.increase.
B.remain unchanged.
C.decrease.
解释:
A is correct.
Based on the fact that FFO increased and the total debt didn't change, there will be more cash which can be used to service debt. Moreover, the debt/capital ratio has improved (capital = total debt + shareholders equity), indicating that company M is more capable of servicing its debt.
考点:4C分析
解析:本题考量的是debt/capital ratio这个指标,debt不变,capital变大,ratio整体变小,此ratio越小越好。另外,FFO变大,用来可以还债的现金流更多,因此M公司更有能力偿还债务,故选项A正确。
这里提高了CAPITAL,但是EBITDA或EBIT/int 是不变的吧。
所以才选了same