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豆好 · 2019年12月23日

问一道题：NO.PZ201612170200000304 第4小题 [ CFA II ]

  1. CFA II
  2. Equity

* 问题详情，请 查看题干

基础班304讲义写着，减MV of debt, 老师在讲课时，说到这里的debt 含长期和短期。 所以，current liability’为什么不算入呢？ 看到你前面的回答，感觉你的回答没有到点子上。麻烦给个详细的解释，可以吗？

问题如下图：

选项：

A.

B.

C.

解释：

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1 个答案

maggie_品职助教 · 2019年12月24日

这里需要区分的是debt付息负债和liability应付债务这两个概念，current liability包括各种应付科目比如你说的应付税费都不是公司的debt。EV的公式里要减掉的是债券的市值，有市值的的债券都是企业的付息负债（debt）,通常包括短期债券，长期债券中的短期部分以及长期债券。如果题目里只给了current liability并没有做具体划分，那么我们就假设公司没有短期付息负债，全部是基于会计上权责发生制产生的并非企业付息负债。

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