{"id":5911,"date":"2025-09-23T01:33:33","date_gmt":"2025-09-22T23:33:33","guid":{"rendered":"https:\/\/tulipemedia.com\/?p=5911"},"modified":"2025-11-29T01:57:23","modified_gmt":"2025-11-29T00:57:23","slug":"ratio-dendettement-autonomie-financiere","status":"publish","type":"post","link":"https:\/\/tulipemedia.com\/zh\/ratio-dendettement-autonomie-financiere\/","title":{"rendered":"\u8d1f\u503a\u7387\u4e0e\u8d22\u52a1\u81ea\u4e3b\u6743\u8bfe\u7a0b"},"content":{"rendered":"<p>\u5728\u8fd9\u4e2a\u65b0\u8bfe\u7a0b\u4e2d <strong><a href=\"https:\/\/tulipemedia.com\/zh\/cours-gestion-entreprise\/\">\u5546\u4e1a\u7ba1\u7406\u5b8c\u5168\u6307\u5357<\/a><\/strong>\uff0c\u6211\u4eec\u5c06\u5b66\u4e60 <strong>\u4ec0\u4e48\u662f\u8d1f\u503a\u7387<\/strong>\u3001\u4ed6\u4eec\u7684\u5174\u8da3\u3001\u4ed6\u4eec\u7684\u8ba1\u7b97\u65b9\u6cd5\u3001\u89e3\u91ca\u5b83\u4eec\u7684\u65b9\u5f0f\uff0c\u59cb\u7ec8\u4ee5\u57f9\u517b\u6211\u4eec\u7684\u91d1\u878d\u548c\u5546\u4e1a\u7ba1\u7406\u80fd\u529b\u4e3a\u76ee\u6807\u3002<\/p>\n<h2>\u8d1f\u503a\u6bd4\u7387\u7684\u5b9a\u4e49<\/h2>\n<p>\u8fd9 <strong>\u8d1f\u503a\u7387<\/strong> \u987e\u540d\u601d\u4e49\uff0c\u662f\u4e00\u4e2a\u6bd4\u7387\uff08\u56e0\u6b64 <strong>\u4e24\u4e2a\u6570\u91cf\u7ea7\u4e4b\u95f4\u7684\u5173\u7cfb<\/strong>) \u8861\u91cf <strong>\u503a\u52a1\u6c34\u5e73<\/strong> \u4e00\u5bb6\u516c\u53f8\u7684 <strong>\u4e0e\u5176\u80a1\u6743\u76f8\u6bd4<\/strong>.<\/p>\n<p>\u4ee5\u767e\u5206\u6bd4\u8868\u793a\uff0c\u8be5\u6bd4\u7387\u5141\u8bb8 <strong>\u8bc4\u4f30\u8d22\u52a1\u4f9d\u8d56\u7a0b\u5ea6<\/strong> \u516c\u53f8\u7684 <strong>\u5bf9\u7b2c\u4e09\u65b9<\/strong> 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<strong>\u80a1\u4e1c\u5229\u6da6<\/strong>\u56e0\u4e3a\u5982\u679c\u6211\u4eec\u5fc5\u987b\u4ee5\u56fe\u5f0f\u7684\u65b9\u5f0f\u8868\u8fbe\uff0c\u4ed6\u4eec\u901a\u8fc7\u503a\u52a1\u800c\u4e0d\u662f\u901a\u8fc7\u80a1\u6743\u6295\u5165\u6765\u83b7\u5f97\u66f4\u591a\u6536\u5165\u7684\u8d4c\u6ce8\u66f4\u5c11\u3002<\/p>\n<p>\u6709\u7528 <strong>\u53ea\u8981\u7ecf\u6d4e\u8d44\u4ea7\u7684\u56de\u62a5\u9ad8\u4e8e\u501f\u8d37\u6210\u672c<\/strong>\uff0c\u4e5f\u5c31\u662f\u8bf4\uff0c\u6309\u5229\u7387\u4e58\u4ee5\u503a\u52a1\u91d1\u989d\uff0c\u5373\u5141\u8bb8\u501f\u51fa\u8fd9\u7b14\u94b1\u7684\u91d1\u878d\u673a\u6784\u83b7\u5f97\u62a5\u916c\u7684\u91d1\u989d\u3002<\/p>\n<p>\u65e2\u7136\u6211\u4eec\u5df2\u7ecf\u8fd9\u4e48\u8bf4\u4e86\uff0c\u6211\u4eec\u7406\u89e3 <strong>\u8d1f\u503a\u7387<\/strong>\u6216\u66f4\u786e\u5207\u5730\u8bf4\u662f\u503a\u52a1\u6bd4\u7387\uff0c\u56e0\u4e3a\u6709\u51e0\u79cd\uff1a\u5b83\u4eec\u5b9e\u9645\u4e0a\u8861\u91cf <strong>\u516c\u53f8\u7684\u8d22\u52a1\u4f9d\u8d56\u7a0b\u5ea6<\/strong> \u5411\u516c\u53f8\u63d0\u4f9b\u8d37\u6b3e\u7684\u7b2c\u4e09\u65b9\u3002<\/p>\n<p><strong>\u516c\u53f8\u5bf9\u503a\u52a1\u7684\u4f9d\u8d56\u7a0b\u5ea6\u8d8a\u9ad8\uff0c\u5c31\u8d8a\u5bb9\u6613\u53d7\u5230\u4f24\u5bb3\u3002<\/strong>\u56e0\u4e3a\u5176\u7ecf\u6d4e\u8d44\u4ea7\u8d8a\u6765\u8d8a\u4f9d\u8d56\u4e8e\u503a\u52a1\uff0c\u56e0\u6b64\u4e5f\u8d8a\u6765\u8d8a\u4f9d\u8d56\u4e8e\u7b2c\u4e09\u65b9\uff0c\u8fd9\u4e9b\u7b2c\u4e09\u65b9\u662f\u516c\u53f8\u7684\u5916\u90e8\u884c\u4e3a\u8005\uff0c\u4ed6\u4eec\u8981\u6839\u636e\u5411\u516c\u53f8\u63d0\u4f9b\u7684\u8d37\u6b3e\u652f\u4ed8\u5229\u606f\uff0c\u65e0\u8bba\u8fd9\u4f1a\u5bf9\u8be5\u516c\u53f8\u4ea7\u751f\u4ec0\u4e48\u5f71\u54cd\u3002<\/p>\n<h2>\u8d1f\u503a\u7387\u4e3b\u8981\u516c\u5f0f<\/h2>\n<p>\u503a\u52a1\u6bd4\u7387\u7684\u57fa\u672c\u516c\u5f0f\u975e\u5e38\u7b80\u5355\uff1a<\/p>\n<p style=\"text-align: center;\"><strong>\u8d1f\u503a\u7387=\u51c0\u91d1\u878d\u8d1f\u503a\/\u80a1\u4e1c\u6743\u76ca<\/strong><\/p>\n<p>\u503a\u52a1\u901a\u5e38\u5305\u62ec <strong>\u957f\u671f\u503a\u52a1<\/strong> \uff08\u56e0\u6b64\u4e3b\u8981\u662f\u94f6\u884c\u8d37\u6b3e\uff09 <strong>\u548c\u77ed\u671f\u503a\u52a1<\/strong> \uff08\u5f53\u524d\u94f6\u884c\u8d37\u6b3e\u548c\u4e00\u5e74\u4ee5\u4e0b\u7684\u8d37\u6b3e\uff09\uff0c\u5373\u4f7f\u6709\u65f6\uff0c\u5728\u67d0\u4e9b\u8fc7\u7a0b\u4e2d\uff0c\u4e3a\u4e86\u7b80\u5316\u8d77\u89c1\uff0c\u53ef\u80fd\u4f1a\u53ea\u5c06\u957f\u671f\u91d1\u878d\u503a\u52a1\u7eb3\u5165\u6bd4\u7387\u3002<\/p>\n<p>\u65e0\u8bba\u5982\u4f55\uff0c\u6211\u4eec\u90fd\u4f1a\u6392\u9664\u4f9b\u5e94\u5546\u503a\u52a1\uff0c\u751a\u81f3\u7a0e\u52a1\u548c\u793e\u4f1a\u4fdd\u969c\u503a\u52a1\u3002\u8fd9\u6837\u505a\u7684\u76ee\u7684\u662f\u4e3a\u4e86\u4e86\u89e3 <strong>\u516c\u53f8\u5728\u591a\u5927\u7a0b\u5ea6\u4e0a\u4f9d\u8d56\u91d1\u878d\u673a\u6784\u501f\u6b3e\u6765\u4e3a\u5176\u6d3b\u52a8\u63d0\u4f9b\u8d44\u91d1<\/strong>.<\/p>\n<p>\u90a3\u4e48\uff0c\u5173\u4e8e\u51c0\u91d1\u878d\u503a\u52a1\uff0c\u60a8\u5e94\u8be5\u77e5\u9053\uff1a<\/p>\n<p style=\"text-align: center;\"><strong>\u51c0\u91d1\u878d\u503a\u52a1=\u91d1\u878d\u503a\u52a1-\u53ef\u7528\u73b0\u91d1<\/strong><\/p>\n<p>\u548c 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<strong>\u5982\u679c\u516c\u53f8\u7528\u5c3d\u6240\u6709\u53ef\u7528\u73b0\u91d1\uff0c\u8fd8\u5269\u4e0b\u4ec0\u4e48\u9700\u8981\u507f\u8fd8<\/strong>.<\/li>\n<\/ul>\n<p>\u6700\u540e\uff0c\u9700\u8981\u63d0\u9192\u7684\u662f\uff0c\u80a1\u6743\u6c47\u96c6\u4e86\u516c\u53f8\u7684\u5185\u90e8\u8d44\u6e90\u3002\u5b83\u4e3b\u8981\u7531\u4ee5\u4e0b\u90e8\u5206\u7ec4\u6210\uff1a<\/p>\n<ul>\n<li>\u80a1\u4e1c\u51fa\u8d44\uff1b<\/li>\n<li>\u4ea7\u751f\u7684\u51c0\u7ed3\u679c\uff1b<\/li>\n<li>\u5e76\u5c06\u5229\u6da6\u50a8\u5907\u518d\u6295\u8d44\u4e8e\u516c\u53f8\u3002<\/li>\n<\/ul>\n<h2>\u8d1f\u503a\u7387\u89e3\u8bfb<\/h2>\n<p>\u503a\u52a1\u6bd4\u7387\u7684\u89e3\u91ca\u76f8\u5f53\u7b80\u5355\uff0c\u5c3d\u7ba1\u6839\u636e\u5177\u4f53\u60c5\u51b5\uff0c\u4eba\u4eec\u53ef\u80fd\u4f1a\u5f97\u51fa\u4e0d\u540c\u7684\u7ed3\u8bba\u3002\u4f46\u7b80\u5316\u4e00\u4e0b\uff1a<\/p>\n<ul>\n<li><strong>\u5982\u679c\u8d1f\u503a\u7387\u5927\u4e8e1<\/strong>\uff0c\u8fd9\u610f\u5473\u7740\u503a\u52a1\u5927\u4e8e\u80a1\u6743\u3002\u8fd9\u610f\u5473\u7740\u91d1\u878d\u673a\u6784\u6bd4\u80a1\u4e1c\u627f\u62c5\u66f4\u591a\u4e0e\u516c\u53f8\u6d3b\u52a8\uff08\u53ca\u5176\u53ef\u80fd\u7684\u6210\u529f\u6216\u5931\u8d25\uff09\u76f8\u5173\u7684\u98ce\u9669\u3002\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c <strong>\u8be5\u516c\u53f8\u5728\u8d37\u6b3e\u65b9\u9762\u524d\u5904\u4e8e\u76f8\u5f53\u8106\u5f31\u7684\u5883\u5730<\/strong>.<\/li>\n<li><strong>\u5982\u679c\u8d1f\u503a\u7387\u5c0f\u4e8e1<\/strong>\uff0c\u4f30\u8ba1 <strong>\u516c\u53f8\u8d1f\u503a\u80fd\u529b\u5145\u8db3<\/strong>\u80a1\u672c\u5927\u4e8e\u501f\u6b3e\u3002\u8fd9\u4e3a\u5fc5\u8981\u65f6\u8fdb\u4e00\u6b65\u5229\u7528\u4fe1\u8d37\u6760\u6746\u63d0\u4f9b\u4e86\u7a7a\u95f4\u3002<\/li>\n<\/ul>\n<p>\u7406\u8bba\u4e0a\uff0c\u201c\u6700\u4f73\u201d\u60c5\u51b5\u662f\u80a1\u4e1c\u627f\u62c5\u98ce\u9669\uff0c\u800c\u4e0d\u662f\u8d37\u65b9\uff0c\u56e0\u4e3a\u8d37\u65b9\u4e0d\u662f\u516c\u53f8\u7684\u6240\u6709\u8005\u3002<\/p>\n<p>\u7136\u800c\uff0c\u6b63\u5982\u6211\u4eec\u5728\u6760\u6746\u7ae0\u8282\u4e2d\u770b\u5230\u7684\u90a3\u6837\uff0c\u5982\u679c\u6760\u6746\u4e3a\u6b63\uff0c\u5e76\u4e14\u516c\u53f8\u7684\u76c8\u5229\u80fd\u529b\u8fdc\u9ad8\u4e8e\u503a\u52a1\u6210\u672c\uff0c\u90a3\u4e48\u516c\u53f8\u6240\u6709\u8005\u5c31\u53ef\u4ee5\u8d1f\u62c5\u5f97\u8d77\u66f4\u591a\u7684\u501f\u6b3e\uff0c\u4ee5\u4fbf\u4e3a\u5e94\u8be5\u6210\u529f\u7684\u6295\u8d44\u63d0\u4f9b\u8d44\u91d1\uff0c\u56e0\u4e3a\u4ed6\u4eec\u7684\u8d22\u52a1\u76c8\u5229\u80fd\u529b\uff08\u8457\u540d\u7684\u80a1\u672c\u56de\u62a5\u7387\uff09\u5c06\u9ad8\u4e8e\u4ed6\u4eec\u4ec5\u901a\u8fc7\u80a1\u6743\u4e3a\u540c\u4e00\u6295\u8d44\u63d0\u4f9b\u8d44\u91d1\u65f6\u6240\u83b7\u5f97\u7684\u6536\u76ca\u3002<\/p>\n<p>\u4e00\u822c\u6765\u8bf4\uff0c\u636e\u8bf4<strong>\u8d1f\u503a\u7387\u4e3a0.5<\/strong> \uff08\u56e0\u6b64\uff0c\u80a1\u6743\u662f\u51c0\u91d1\u878d\u503a\u52a1\u7684\u4e24\u500d\uff09\u8868\u660e\u503a\u52a1\u80fd\u529b\u5f97\u5230\u4e86\u5145\u5206\u5229\u7528 <strong>\u4e0d\u4f1a\u7ed9\u516c\u53f8\u5e26\u6765\u91cd\u5927\u98ce\u9669<\/strong>.<\/p>\n<h2>\u8d1f\u503a\u6bd4\u7387<\/h2>\n<p>\u5728\u4e00\u4e9b\u8d22\u52a1\u5206\u6790\u4e2d\uff0c\u8d1f\u503a\u7387\u7684\u8ba1\u7b97\u8303\u56f4\u4f1a\u6269\u5927\u5230\u516c\u53f8\u7684\u6240\u6709\u503a\u52a1\uff0c\u800c\u4e0d\u4ec5\u4ec5\u662f\u91d1\u878d\u503a\u52a1\u3002\u56e0\u6b64\uff0c\u8d1f\u503a\u7387\u5982\u4e0b\uff1a<\/p>\n<p style=\"text-align: center;\"><strong>\u8d1f\u503a\u7387=\u603b\u8d1f\u503a\/\u80a1\u4e1c\u6743\u76ca<\/strong><\/p>\n<p>\u56e0\u6b64\uff0c\u8be5\u6bd4\u7387\u8fd8\u5305\u62ec <strong>\u4f9b\u5e94\u5546\u3001\u7a0e\u52a1\u548c\u793e\u4f1a\u4fdd\u969c\u503a\u52a1<\/strong>\uff0c\u4e0e\u524d\u4e00\u4e2a\u4e0d\u540c\u3002\u5b83\u63d0\u4f9b\u4e86\u4e00\u4e2a\u613f\u666f <strong>\u66f4\u52a0\u5168\u7403\u5316<\/strong> \u516c\u53f8\u503a\u52a1\u4e0e\u5176\u81ea\u6709\u8d44\u6e90\u7684\u6bd4\u4f8b\u5f88\u9ad8\uff0c\u4f46\u6709\u65f6\u53ef\u80fd\u4f1a\u201c\u8d85\u8f7d\u201d\u98ce\u9669\u611f\u77e5\uff0c\u56e0\u4e3a\u8fd9\u4e9b\u7ecf\u8425\u503a\u52a1\uff08\u4f9b\u5e94\u5546\u3001\u589e\u503c\u7a0e\u3001\u793e\u4f1a\u4fdd\u969c\u7f34\u6b3e\u7b49\uff09\u662f\u6b63\u5e38\u6d3b\u52a8\u5468\u671f\u7684\u4e00\u90e8\u5206\uff0c\u5e76\u4e14\u6bd4\u957f\u671f\u94f6\u884c\u503a\u52a1\u7684\u95ee\u9898\u8981\u5c0f\u3002<\/p>\n<p>\u6709\u65f6\uff0c\u6700\u9ad8\u8d1f\u503a\u7387 33% \u53ef\u4ee5\u7528\u6765\u9650\u5236\u5411\u516c\u53f8\u53d1\u653e\u8d37\u6b3e\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u5982\u679c\u516c\u53f8\u7684\u80a1\u6743\u8d1f\u503a\u5df2\u8fbe\u5230 33%\uff0c\u5219\u5176\u8d1f\u503a\u80fd\u529b\u5c06\u53d7\u5230\u9650\u5236\u3002\u4f46\u8fd9\u5e76\u975e\u4e00\u6210\u4e0d\u53d8\uff0c\u4e00\u5207\u90fd\u53d6\u51b3\u4e8e\u5177\u4f53\u60c5\u51b5\u3001\u9879\u76ee\u6f5c\u529b\u3001\u4e0e\u94f6\u884c\u7684\u5173\u7cfb\u7b49\u3002<\/p>\n<h2>\u8d22\u52a1\u81ea\u4e3b<\/h2>\n<p>\u5728\u7531\u7b2c\u4e00\u4e2a\u516c\u5f0f\u5f97\u51fa\u7684\u5176\u4ed6\u6bd4\u7387\u4e2d\uff0c\u6211\u4eec\u7279\u522b\u53d1\u73b0 <strong>\u8d22\u52a1\u81ea\u4e3b\u7387<\/strong>\uff0c\u7528\u4e8e\u8ba1\u7b97\u516c\u53f8\u5728\u8d22\u52a1\u4e0a\u76f8\u5bf9\u4e8e\u8d37\u6b3e\u4eba\u7684\u72ec\u7acb\u7a0b\u5ea6\u3002<\/p>\n<p>\u56e0\u6b64\uff0c\u6211\u4eec\u5f97\u5230\u7b2c\u4e00\u4e2a\u6bd4\u7387\uff0c\u5176\u8ba1\u7b97\u65b9\u5f0f\u5982\u4e0b\uff1a<\/p>\n<p style=\"text-align: center;\"><strong>AF1 = \u80a1\u6743\/\u6c38\u4e45\u8d44\u672c<\/strong><\/p>\n<p>\u6c38\u4e45\u8d44\u672c\u63d0\u9192 <strong>\u80a1\u6743+\u957f\u671f\u503a\u52a1<\/strong> \uff08\u8d37\u6b3e\u671f\u9650\u901a\u5e38\u8d85\u8fc7\u4e00\u5e74\uff09\u3002<\/p>\n<figure id=\"attachment_6115\" aria-describedby=\"caption-attachment-6115\" style=\"width: 1600px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6115\" src=\"https:\/\/tulipemedia.com\/wp-content\/uploads\/sites\/3\/2025\/11\/Bilan-fonctionnel-FR-BFR-Tresorerie-schema.png\" alt=\"\" width=\"1600\" height=\"1100\" title=\"\" srcset=\"https:\/\/tulipemedia.com\/wp-content\/uploads\/sites\/3\/2025\/11\/Bilan-fonctionnel-FR-BFR-Tresorerie-schema.png 1600w, https:\/\/tulipemedia.com\/wp-content\/uploads\/sites\/3\/2025\/11\/Bilan-fonctionnel-FR-BFR-Tresorerie-schema-300x206.png 300w, https:\/\/tulipemedia.com\/wp-content\/uploads\/sites\/3\/2025\/11\/Bilan-fonctionnel-FR-BFR-Tresorerie-schema-1024x704.png 1024w, https:\/\/tulipemedia.com\/wp-content\/uploads\/sites\/3\/2025\/11\/Bilan-fonctionnel-FR-BFR-Tresorerie-schema-768x528.png 768w, https:\/\/tulipemedia.com\/wp-content\/uploads\/sites\/3\/2025\/11\/Bilan-fonctionnel-FR-BFR-Tresorerie-schema-1536x1056.png 1536w, https:\/\/tulipemedia.com\/wp-content\/uploads\/sites\/3\/2025\/11\/Bilan-fonctionnel-FR-BFR-Tresorerie-schema-18x12.png 18w, https:\/\/tulipemedia.com\/wp-content\/uploads\/sites\/3\/2025\/11\/Bilan-fonctionnel-FR-BFR-Tresorerie-schema-600x413.png 600w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><figcaption id=\"caption-attachment-6115\" class=\"wp-caption-text\">\u8d44\u4ea7\u8d1f\u503a\u8868\u7684\u8fd0\u4f5c\u65b9\u5f0f\u4e3a\uff1a\u8425\u8fd0\u8d44\u672c &gt; \u51c0\u8425\u8fd0\u8d44\u672c\uff0c\u4e14\u51c0\u73b0\u91d1\u6d41\u4e3a\u6b63\u3002<\/figcaption><\/figure>\n<p>\u56e0\u6b64\uff0c\u8be5\u6bd4\u7387\u8861\u91cf <strong>\u80a1\u6743\u5360\u957f\u671f\u8d1f\u503a\u603b\u989d\u7684\u6743\u91cd<\/strong> \uff08\u6c38\u4e45\u8d44\u672c\uff0c\u4e5f\u79f0\u4e3a\u7a33\u5b9a\u8d44\u6e90\uff0c\u7528\u4e8e\u8d44\u52a9\u56fa\u5b9a\u8d44\u4ea7\uff0c\u5982\u4e0a\u56fe\u6240\u793a\uff09\u3002<\/p>\n<p>\u7406\u60f3\u60c5\u51b5\u4e0b\uff0c\u4ece\u7eaf\u7406\u8bba\u7684\u89d2\u5ea6\u6765\u770b\uff0c <strong>\u6700\u597d\u81f3\u5c11\u7b49\u4e8e 0.5\uff08\u5373 1\/2\uff09<\/strong>\u00a0\u56e0\u4e3a\u8fd9\u610f\u5473\u7740 <strong>\u80a1\u6743\u5360\u7a33\u5b9a\u8d44\u6e90\u7684\u81f3\u5c11\u4e00\u534a<\/strong>\u4f8b\u5982\uff0c\u5982\u679c\u80a1\u6743\u6070\u597d\u5360\u6c38\u4e45\u8d44\u672c\u7684\u4e00\u534a\uff0c\u5047\u8bbe\u80a1\u6743\u4e3a 20,000 \u6b27\u5143\uff0c\u6c38\u4e45\u8d44\u672c\u4e3a 40,000 \u6b27\u5143\uff1a<\/p>\n<p style=\"text-align: center;\">AF1 = \u80a1\u6743 \/ \u6c38\u4e45\u8d44\u672c = 20,000 \/ 40,000 = 50%<\/p>\n<p style=\"text-align: center;\">\u8d1f\u503a\u7387 = \u8d1f\u503a \/ \u6743\u76ca = 20,000 \u6b27\u5143 \/ 20,000 \u6b27\u5143 = 1<\/p>\n<p>\u8d1f\u503a\u7387\u5e94\u4e3a1\uff0c\u56e0\u4e3a20,000\u6b27\u5143\u7684\u80a1\u6743\u5360\u6c38\u4e45\u8d44\u672c\u7684\u4e00\u534a\uff0c\u800c\u53e6\u4e00\u534a\u7684\u503a\u52a1\u4e5f\u4e3a20,000\u6b27\u5143\u3002\u56e0\u6b64\uff0c\u8be5\u516c\u53f8\u7684\u4e1a\u52a1\u6d3b\u52a8\u540c\u6837\u57fa\u4e8e\u80a1\u6743\u878d\u8d44\u548c\u91d1\u878d\u503a\u52a1\u878d\u8d44\u3002<\/p>\n<p>\u7136\u540e\u6211\u4eec\u6709\u7b2c\u4e8c\u4e2a\u8d22\u52a1\u81ea\u4e3b\u6743\u6bd4\u7387\uff0c\u5176\u8ba1\u7b97\u65b9\u6cd5\u5982\u4e0b\uff1a<\/p>\n<p style=\"text-align: center;\"><strong>AF2 = \u80a1\u6743\/\u77ed\u671f\u548c\u957f\u671f\u503a\u52a1<\/strong><\/p>\n<p>\u56e0\u6b64\uff0c\u8be5\u6bd4\u7387\u8ba1\u7b97 <strong>\u80a1\u6743\u5360\u91d1\u878d\u503a\u52a1\u603b\u989d\u7684\u6743\u91cd<\/strong>\uff0c\u65e0\u8bba\u4ed6\u4eec\u662f\u5426 <strong>\u957f\u671f\u6216\u77ed\u671f<\/strong>\uff0c\u4e0e\u7b2c\u4e00\u4e2a\u6bd4\u7387\u4e0d\u540c\uff0c\u7b2c\u4e00\u4e2a\u6bd4\u7387\u4ec5\u8003\u8651\u957f\u671f\u503a\u52a1\uff08\u5305\u542b\u5728\u6c38\u4e45\u8d44\u672c\u4e2d\uff09\u3002<\/p>\n<p>\u56e0\u6b64\uff0c\u8be5\u6bd4\u7387\u8861\u91cf <strong>\u516c\u53f8\u901a\u8fc7\u81ea\u8eab\u65b9\u5f0f\u4e3a\u81ea\u8eab\u6d3b\u52a8\u63d0\u4f9b\u8d44\u91d1\u7684\u80fd\u529b\uff0c\u65e0\u8bba\u8d37\u6b3e\u79cd\u7c7b\u5982\u4f55<\/strong>\u7406\u60f3\u60c5\u51b5\u4e0b\uff0c\u5e94\u8be5\u662f <strong>\u5927\u4e8e\u6216\u7b49\u4e8e 1<\/strong>\uff0c \u4ee5\u4fbf <strong>\u80a1\u6743\u81f3\u5c11\u8986\u76d6\u6240\u6709\u91d1\u878d\u503a\u52a1<\/strong>.<\/p>\n<h2>\u884c\u4e1a\u6807\u51c6\u548c\u6bd4\u8f83<\/h2>\n<p>\u4e0e\u5927\u591a\u6570\u8d22\u52a1\u6bd4\u7387\u4e00\u6837\uff0c\u503a\u52a1\u6bd4\u7387\u7684\u89e3\u91ca <strong>\u5f88\u5927\u7a0b\u5ea6\u4e0a\u53d6\u51b3\u4e8e\u6d3b\u52a8\u9886\u57df<\/strong>\u4e00\u4e9b\u6d3b\u52a8\u5728\u7ed3\u6784\u4e0a\u9700\u8981\u5927\u91cf\u503a\u52a1\u6765\u4e3a\u5176\u6295\u8d44\u63d0\u4f9b\u8d44\u91d1\uff08\u623f\u5730\u4ea7\u3001\u80fd\u6e90\u3001\u8fd0\u8f93\u3001\u5efa\u7b51\u7b49\uff09\uff0c\u800c\u5176\u4ed6\u8d44\u672c\u8f83\u5c11\u7684\u884c\u4e1a\uff08\u670d\u52a1\u3001\u54a8\u8be2\u3001\u6280\u672f\uff09\u5219\u4ee5\u5f88\u5c11\u7684\u503a\u52a1\u8fd0\u8425\u3002<\/p>\n<p>\ud83d\udc49 \u56e0\u6b64\uff0c150 % \u7684\u6bd4\u4f8b\u5bf9\u4e8e\u54a8\u8be2\u516c\u53f8\u6765\u8bf4\u53ef\u80fd\u663e\u5f97\u8fc7\u9ad8\uff0c\u4f46\u5bf9\u4e8e\u623f\u5730\u4ea7\u5f00\u53d1\u5546\u6765\u8bf4\u5374\u662f\u5b8c\u5168\u6b63\u5e38\u7684\u3002<br \/>\n\ud83d\udc49 \u56e0\u6b64\uff0c\u91cd\u8981\u7684\u4e0d\u662f\u4ee5\u7edd\u5bf9\u503c\u6765\u5224\u65ad\u6bd4\u7387\uff0c\u800c\u662f\u8fdb\u884c\u6bd4\u8f83\uff1a<\/p>\n<ul>\n<li>\u516c\u53f8\u672c\u8eab\u7684\u5386\u53f2\uff08\u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\u800c\u53d1\u5c55\uff09\uff0c<\/li>\n<li>\u4e0e\u540c\u4e00\u884c\u4e1a\u7684\u516c\u53f8\uff08\u884c\u4e1a\u6bd4\u8f83\uff09\u3002<\/li>\n<\/ul>\n<h2>\u503a\u52a1\u6bd4\u7387\u7684\u9650\u5236<\/h2>\n<p>\u5c3d\u7ba1\u503a\u52a1\u6bd4\u7387\u6709\u7528\u4e14\u6613\u4e8e\u8ba1\u7b97\uff0c\u4f46\u5b83\u4ecd\u6709\u51e0\u4e2a\u5c40\u9650\u6027\uff1a<\/p>\n<ul>\n<li>\u5b83\u5e76\u975e\u8861\u91cf\u5b9e\u9645\u7684\u8fd8\u6b3e\u80fd\u529b\u3002\u4e00\u5bb6\u516c\u53f8\u53ef\u80fd\u8d1f\u503a\u7d2f\u7d2f\uff0c\u4f46\u7a33\u5b9a\u7684\u73b0\u91d1\u6d41\u4f7f\u5176\u80fd\u591f\u987a\u5229\u507f\u8fd8\u503a\u52a1\u3002<\/li>\n<li>\u5b83\u6ca1\u6709\u8003\u8651\u503a\u52a1\u6210\u672c\u3002\u4f4e\u5229\u7387\u7684\u9ad8\u989d\u503a\u52a1\u53ef\u80fd\u6bd4\u4f4e\u5229\u7387\u4f46\u6210\u672c\u9ad8\u7684\u503a\u52a1\u98ce\u9669\u66f4\u5c0f\u3002<\/li>\n<li>\u6839\u636e\u6240\u4f7f\u7528\u7684\u5b9a\u4e49\uff0c\u5b83\u53ef\u80fd\u4f1a\u7ed9\u51fa\u626d\u66f2\u7684\u56fe\u50cf\u3002\u5305\u62ec\u6216\u4e0d\u5305\u62ec\u7ecf\u8425\u503a\u52a1\u90fd\u4f1a\u663e\u8457\u6539\u53d8\u7ed3\u679c\u3002<\/li>\n<li>\u6700\u540e\uff0c\u5fc5\u987b\u59cb\u7ec8\u5c06\u5176\u4e0e\u5176\u4ed6\u6bd4\u7387\u8fdb\u884c\u6bd4\u8f83\uff0c\u7279\u522b\u662f\u6bd4\u7387 <strong>\u51c0\u503a\u52a1\/EBITDA<\/strong>\uff0c\u66f4\u76f4\u63a5\u5730\u901a\u8fc7\u516c\u53f8\u7684\u7ecf\u8425\u76c8\u5229\u80fd\u529b\u6765\u8861\u91cf\u516c\u53f8\u507f\u8fd8\u503a\u52a1\u7684\u80fd\u529b\u3002<\/li>\n<\/ul>\n<p>\u7efc\u4e0a\u6240\u8ff0\uff0c\u8d1f\u503a\u7387\u662f\u4e00\u4e2a\u57fa\u672c\u6307\u6807\uff0c\u5bf9\u4e8e\u521d\u6b65\u8bca\u65ad\u6709\u7528\uff0c\u4f46\u7edd\u4e0d\u80fd\u5355\u72ec\u5206\u6790\u3002<\/p>\n<h2>\u51c0\u503a\u52a1\/EBITDA\u6bd4\u7387<\/h2>\n<p>\u4e3a\u4e86\u5b8c\u6210\u503a\u52a1\u5206\u6790\uff0c\u91d1\u878d\u5206\u6790\u5e08\u548c\u94f6\u884c\u7ecf\u5e38\u4f7f\u7528\u4ee5\u4e0b\u6bd4\u7387\uff1a<\/p>\n<p style=\"text-align: center;\"><strong>\u51c0\u503a\u52a1\/EBITDA\u3002<\/strong><\/p>\n<p>\u6309\u6b64\u6bd4\u4f8b\uff1a<\/p>\n<ul>\n<li><strong>\u51c0\u503a\u52a1=\u91d1\u878d\u503a\u52a1-\u53ef\u7528\u73b0\u91d1<\/strong>\uff0c\u56e0\u4e3a\u6211\u4eec\u611f\u5174\u8da3\u7684\u662f\uff0c\u5982\u679c\u516c\u53f8\u60f3\u8981\u507f\u8fd8\u503a\u52a1\uff0c\u5b83\u80fd\u8fc5\u901f\u8c03\u52a8\u591a\u5c11\u8d44\u91d1\uff0c\u6240\u4ee5\u6211\u4eec\u4ece\u503a\u52a1\u4e2d\u51cf\u53bb\u53ef\u7528\u73b0\u91d1\uff0c\u4ee5\u8bc4\u4f30\u516c\u53f8\u771f\u5b9e\u7684\u503a\u52a1\u98ce\u9669\u3002<\/li>\n<li><strong>\u606f\u7a0e\u6298\u65e7\u644a\u9500\u524d\u5229\u6da6<\/strong> \uff08\u606f\u7a0e\u6298\u65e7\u644a\u9500\u524d\u5229\u6da6\uff09= <strong>\u6298\u65e7\u548c\u62e8\u5907\u524d\u7684\u8425\u4e1a\u5229\u6da6<\/strong>\uff0c\u53cd\u6620\u516c\u53f8\u5f53\u524d\u6d3b\u52a8\u4ea7\u751f\u7684\u76c8\u5229\u80fd\u529b\u3002<\/li>\n<\/ul>\n<p>\ud83d\udc49 \u8be5\u6bd4\u7387\u8861\u91cf\u7684\u662f\u5047\u8bbe\u516c\u53f8\u5c06\u6240\u6709\u8425\u4e1a\u5229\u6da6\u90fd\u6295\u5165\u5230\u51c0\u503a\u52a1\u4e2d\uff0c\u9700\u8981\u591a\u5c11\u5e74\u7684 EBITDA \u624d\u80fd\u5b8c\u5168\u507f\u8fd8\u51c0\u503a\u52a1\u3002<\/p>\n<p>\u4f8b\u5b50 \uff1a<\/p>\n<ul>\n<li>\u51c0\u503a\u52a1=2000\u4e07\u6b27\u5143<\/li>\n<li>EBITDA = 500\u4e07\u6b27\u5143<\/li>\n<li>\u6bd4\u7387 = 20 \/ 5 = 4<\/li>\n<\/ul>\n<p>\u8fd9\u610f\u5473\u7740\u9700\u8981 4 \u5e74\u7684 EBITDA \u624d\u80fd\u507f\u8fd8\u51c0\u503a\u52a1\u3002<\/p>\n<p>\u5b9e\u8df5\u4e2d\uff1a<\/p>\n<ul>\n<li>\u5c0f\u4e8e 3 \u7684\u6bd4\u4f8b\u901a\u5e38\u88ab\u8ba4\u4e3a\u662f\u8212\u9002\u7684\u3002<\/li>\n<li>\u8d85\u8fc7 5\uff0c\u8d37\u65b9\u901a\u5e38\u4f1a\u8ba4\u4e3a\u8be5\u516c\u53f8\u7684\u6760\u6746\u7387\u8fc7\u9ad8\u3002<\/li>\n<\/ul>\n<p>\u8be5\u6bd4\u7387\u7279\u522b\u7528\u4e8e\u878d\u8d44\u548cLBO\uff08\u6760\u6746\u6536\u8d2d\uff09\u4ea4\u6613\uff0c\u56e0\u4e3a\u5b83\u76f4\u63a5\u53cd\u6620\u4e86\u516c\u53f8\u7684\u8fd8\u6b3e\u80fd\u529b\u3002<\/p>\n<p>\u5728\u6cd5\u56fd\uff0c\u63a5\u8fd1 EBIDTA \u7684\u6bd4\u7387\u4e4b\u4e00\u662f EBE\uff08\u603b\u8425\u4e1a\u76c8\u4f59\uff09\uff0c\u5b83\u8861\u91cf\u5728\u8003\u8651\u6298\u65e7\u3001\u62e8\u5907\u3001\u8d22\u52a1\u8d39\u7528\u548c\u7a0e\u6536\u4e4b\u524d\u5f53\u524d\u6d3b\u52a8\u6240\u521b\u9020\u7684\u8d22\u5bcc\uff0c\u4f46\u6240\u6709\u8fd9\u4e9b\u90fd\u5c06\u6210\u4e3a\u4e13\u95e8\u7ae0\u8282\u7684\u4e3b\u9898\u3002<\/p>\n<h2>\u56fd\u9645\u6bd4\u8f83\uff1a\u8d1f\u503a\u548c\u6760\u6746<\/h2>\n<p>\u5728\u76ce\u683c\u9c81-\u6492\u514b\u900a\u91d1\u878d\u6587\u732e\u4e2d\uff0c\u6211\u4eec\u53d1\u73b0\u4e86\u4e0e\u6cd5\u56fd\u503a\u52a1\u6bd4\u7387\u7c7b\u4f3c\u7684\u672f\u8bed\uff0c\u5373\u4f7f\u5176\u5b9a\u4e49\u53ef\u80fd\u56e0\u4e0a\u4e0b\u6587\u800c\u5f02\uff1a<\/p>\n<ul>\n<li><strong>\u8d1f\u503a\u6bd4\u7387<\/strong> \uff1a\u5b83\u901a\u5e38\u5bf9\u5e94\u4e8e\u91d1\u878d\u503a\u52a1\u4e0e\u80a1\u4e1c\u6743\u76ca\u7684\u6bd4\u7387\uff0c\u8fd9\u4e0e\u7ecf\u5178\u7684\u6cd5\u56fd\u5b9a\u4e49\u4e00\u81f4\u3002\u5728\u67d0\u4e9b\u60c5\u51b5\u4e0b\uff0c\u5b83\u53ef\u4ee5\u6db5\u76d6\u6240\u6709\u503a\u52a1\u3002<\/li>\n<li><strong>\u6760\u6746\u7387<\/strong> \uff1a\u66f4\u5e7f\u6cdb\u5730\u8bf4\uff0c\u8be5\u672f\u8bed\u53ef\u4ee5\u6307\u6240\u6709\u6760\u6746\u6307\u6807\uff0c\u5305\u62ec\u503a\u52a1\u4e0e\u76c8\u5229\u80fd\u529b\u4e4b\u95f4\u7684\u6bd4\u7387\u6216\u8d44\u4ea7\u8d1f\u503a\u8868\u7684\u89c4\u6a21\u3002<\/li>\n<\/ul>\n<p>\ud83d\udc49 \u9700\u8981\u8bb0\u4f4f\u7684\u91cd\u8981\u4e00\u70b9\u662f\uff0c\u8bcd\u6c47\u91cf\u5404\u4e0d\u76f8\u540c\uff0c\u60a8\u5e94\u8be5\u59cb\u7ec8\u68c0\u67e5\u8d22\u52a1\u6216\u94f6\u884c\u6587\u4ef6\u4e2d\u4f7f\u7528\u7684\u786e\u5207\u516c\u5f0f\u3002\u4e24\u4e2a\u4eba\u53ef\u80fd\u4f1a\u4f7f\u7528\u540c\u4e00\u4e2a\u8bcd\uff08\u201c\u6760\u6746\u201d\uff09\u6765\u6307\u4ee3\u4e24\u4e2a\u4e0d\u540c\u7684\u6bd4\u7387\u3002<\/p>\n<h2>\u503a\u52a1\u80fd\u529b<\/h2>\n<p>\u90a3\u91cc <strong>\u503a\u52a1\u80fd\u529b<\/strong> \u516c\u53f8\uff08\u6216\u501f\u8d37\u80fd\u529b\uff09\u76f8\u5f53\u4e8e <strong>\u5728\u4e0d\u5371\u53ca\u8d22\u52a1\u5e73\u8861\u7684\u60c5\u51b5\u4e0b\u7b7e\u8ba2\u65b0\u94f6\u884c\u8d37\u6b3e\u7684\u80fd\u529b<\/strong> \u4ece\u800c\u51b3\u5b9a\u5176\u76c8\u5229\u80fd\u529b\u3002\u8fd9\u4e0d\u4ec5\u662f\u516c\u53f8\u51b3\u5b9a\u501f\u6b3e\u7684\u5fc5\u8981\u6807\u51c6\uff0c\u4e5f\u662f\u91d1\u878d\u673a\u6784\u51b3\u5b9a\u5411\u516c\u53f8\u8d37\u6b3e\u7684\u5fc5\u8981\u6807\u51c6\u3002<\/p>\n<p>\u503a\u52a1\u80fd\u529b\u53d6\u51b3\u4e8e\u4e0a\u8ff0\u6807\u51c6\u3002\u4e3a\u4e86\u63d0\u9ad8\u503a\u52a1\u80fd\u529b\uff0c\u516c\u53f8\u53ef\u4ee5\u5bfb\u6c42 <strong>\u63d0\u9ad8\u5176\u6210\u679c\uff0c\u4ece\u800c\u63d0\u9ad8\u5176\u81ea\u7b79\u8d44\u91d1\u80fd\u529b<\/strong> \uff08\u6536\u5165\u4e0e\u5176\u6d3b\u52a8\u4ea7\u751f\u7684\u8d39\u7528\u4e4b\u95f4\u7684\u5dee\u989d\uff0c\u56e0\u6b64\u5728\u4e00\u5b9a\u65f6\u671f\u5185\u4ea7\u751f\u73b0\u91d1\u76c8\u4f59\uff0c\u4f7f\u516c\u53f8\u80fd\u591f\u652f\u4ed8\u5176\u8d39\u7528\u6216\u8fdb\u884c\u6295\u8d44\uff0c\u800c\u65e0\u9700\u501f\u52a9\u5916\u90e8\u878d\u8d44\uff09\u548c\/\u6216 <strong>\u51cf\u5c11\u503a\u52a1<\/strong> \u5982\u679c\u53ef\u4ee5\u901a\u8fc7\u5176\u53ef\u7528\u73b0\u91d1\u652f\u6301\u8fd8\u6b3e\uff0c\u5219\u63d0\u524d\u8fd8\u6b3e\uff0c\u800c\u4e0d\u4f1a\u5371\u53ca\u540e\u8005\u3002<\/p>\n<h2>\u4fee\u6b63\u540e\u7684\u8d1f\u503a\u6bd4\u7387\u7ec3\u4e60<\/h2>\n<h3>\u7ec3\u4e60 1<\/h3>\n<p>\u67d0\u516c\u53f8\u63d0\u4f9b\u5982\u4e0b\u6570\u636e\uff1a<\/p>\n<ul>\n<li>\u8d22\u52a1\u503a\u52a1\uff1a40\u4e07\u6b27\u5143<\/li>\n<li>\u53ef\u7528\u73b0\u91d1\uff1a100,000\u6b27\u5143<\/li>\n<li>\u80a1\u6743\uff1a60\u4e07\u6b27\u5143<\/li>\n<\/ul>\n<p>1\/ \u8ba1\u7b97\u8d1f\u503a\u7387\uff08\u51c0\u91d1\u878d\u8d1f\u503a\/\u80a1\u4e1c\u6743\u76ca\uff09\u3002<br \/>\n2\/ \u89e3\u91ca\u6bd4\u7387\u3002<br \/>\n3\/ \u8d1f\u503a\u80fd\u529b\uff1a\u5982\u679c\u4ec5\u4ee5\u8fd9\u4e2a\u6bd4\u7387\u4e3a\u4f9d\u636e\uff0c\u7406\u8bba\u4e0a\u516c\u53f8\u8fd8\u80fd\u501f\u5230\u94b1\u5417\uff1f<br \/>\n4\/ \u6b63\u786e\u89e3\u8bfb\u503a\u52a1\u6bd4\u7387\u3002<\/p>\n<p><label>1\/ \u4f60\u7684\u56de\u7b54\uff1a<br \/>\n<input type=\"text\" placeholder=\"... %\" \/><br \/>\n<\/label><\/p>\n<p><label>2\/ \u60a8\u7684\u7b54\u6848\uff08\u89e3\u91ca\uff09\uff1a<br \/>\n<textarea cols=\"50\" rows=\"4\" placeholder=\"\u89e3\u91ca\u4f60\u7684\u7406\u7531...\"><\/textarea><br \/>\n<\/label><\/p>\n<p><label>3\/ \u60a8\u7684\u7b54\u6848\uff08\u503a\u52a1\u80fd\u529b\uff09\uff1a<br \/>\n<textarea cols=\"50\" rows=\"4\" placeholder=\"\u89e3\u91ca\u4f60\u7684\u7406\u7531...\"><\/textarea><br \/>\n<\/label><\/p>\n<p><label>4\/ \u4f60\u7684\u56de\u7b54\uff08\u8bf7\u5ba2\u89c2\u770b\u5f85\uff09\uff1a<br \/>\n<textarea cols=\"50\" rows=\"4\" placeholder=\"\u89e3\u91ca\u4f60\u7684\u7406\u7531...\"><\/textarea><br \/>\n<\/label><\/p>\n<p style=\"color: green; margin-top: 10px;\"><span style=\"color: #339966;\"><b>\u66f4\u6b63\uff1a<\/b><\/span><\/p>\n<p style=\"color: green; margin-top: 10px;\"><span style=\"color: #339966;\">1\/ \u51c0\u91d1\u878d\u503a\u52a1 = 400,000 - 100,000 = 300,000 \u6b27\u5143<\/span><br \/>\n<span style=\"color: #339966;\">\u8d1f\u503a\u7387=30\u4e07\/60\u4e07=0.5\u2192 <b>50 %<\/b><\/span><\/p>\n<p><span style=\"color: #339966;\">2\/ \u6bd4\u7387\u89e3\u91ca\uff1a<\/span><\/p>\n<ul>\n<li><span style=\"color: #339966;\">\u8d1f\u503a\u7387\u4e3a0.5\uff0850 %\uff09\uff0c\u5373\u51c0\u91d1\u878d\u8d1f\u503a\u5360\u80a1\u6743\u7684\u4e00\u534a\u3002<\/span><\/li>\n<li><span style=\"color: #339966;\">\u8be5\u6bd4\u7387\u5c0f\u4e8e1\uff0c\u8868\u793a\u516c\u53f8\u8d1f\u503a\u9002\u4e2d\uff1a\u5176\u6743\u76ca\u5927\u4e8e\u51c0\u503a\u52a1\uff0c\u56e0\u6b64\u8d22\u52a1\u7ed3\u6784\u76f8\u5bf9\u5065\u5eb7<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #339966;\">3\/ \u662f\u7684\u3002\u516c\u53f8\u4fdd\u7559\u5fc5\u8981\u65f6\u5bfb\u6c42\u65b0\u8d37\u6b3e\u7684\u7a7a\u95f4\uff08\u5176\u503a\u52a1\u80fd\u529b\u5c1a\u672a\u9971\u548c\uff09\u3002<\/span><\/p>\n<p><span style=\"color: #339966;\">4\/ \u7136\u800c\uff0c\u89e3\u91ca\u53ef\u80fd\u4f1a\u6709\u6240\u4e0d\u540c\uff0c\u5177\u4f53\u53d6\u51b3\u4e8e\uff1a<\/span><\/p>\n<ul>\n<li><span style=\"color: #339966;\">\u6d3b\u52a8\u9886\u57df\uff1a\u67d0\u4e9b\u884c\u4e1a\uff08\u623f\u5730\u4ea7\u3001\u822a\u7a7a\u8fd0\u8f93\u3001\u5efa\u7b51\uff09\u652f\u6301\u66f4\u9ad8\u7684\u503a\u52a1\u6c34\u5e73\uff0c\u800c\u5176\u4ed6\u884c\u4e1a\u5fc5\u987b\u4fdd\u6301\u66f4\u52a0\u8c28\u614e\u3002<\/span><\/li>\n<li><span style=\"color: #339966;\">\u80a1\u672c\u56de\u62a5\u7387\uff1a\u5982\u679c\u516c\u53f8\u4ea7\u751f\u7684\u56de\u62a5\u9ad8\u4e8e\u503a\u52a1\u6210\u672c\uff0c\u6760\u6746\u6548\u5e94\u53ef\u80fd\u4e3a\u6b63\u3002\u4f46\u5982\u679c\u56de\u62a5\u8f83\u4f4e\u6216\u4f4e\u4e8e\u503a\u52a1\u6210\u672c\uff0c\u503a\u52a1\u53ef\u80fd\u4f1a\u524a\u5f31\u516c\u53f8\u3002<\/span><\/li>\n<\/ul>\n<hr \/>\n<h3>\u7ec3\u4e60 2<\/h3>\n<p>\u4e00\u5bb6\u516c\u53f8\u62e5\u6709 800,000 \u6b27\u5143\u7684\u80a1\u6743\u548c 1,200,000 \u6b27\u5143\u7684\u51c0\u91d1\u878d\u503a\u52a1\u3002<\/p>\n<p>1\uff09\u8ba1\u7b97\u8d1f\u503a\u7387\u3002<br \/>\n2\uff09\u7528\u51e0\u884c\u89e3\u91ca\u7ed3\u679c\u3002<\/p>\n<p><label>\u60a8\u7684\u7b54\u6848\uff08\u8ba1\u7b97\uff09\uff1a<br \/>\n<input type=\"text\" placeholder=\"...\" \/><\/label><\/p>\n<p><label>\u60a8\u7684\u56de\u7b54\uff08\u89e3\u91ca\uff09\uff1a<br \/>\n<textarea cols=\"50\" rows=\"4\" placeholder=\"\u89e3\u91ca\u4f60\u7684\u7406\u7531...\"><\/textarea><br \/>\n<\/label><\/p>\n<p style=\"color: green; margin-top: 10px;\"><b>\u66f4\u6b63\uff1a<\/b><br \/>\n1\uff09\u8d1f\u503a\u7387=120\u4e07\/80\u4e07=1.5\u2192 <b>150 %<\/b><br \/>\n2\uff09\u8d1f\u503a\u6743\u76ca\u6bd4\u5927\u4e8e1\uff0c\u8868\u793a\u516c\u53f8\u5bf9\u501f\u5165\u8d44\u672c\u7684\u4f9d\u8d56\u7a0b\u5ea6\u9ad8\u4e8e\u80a1\u4e1c\u63d0\u4f9b\u7684\u8d44\u672c\u3002\u8fd9\u79cd\u60c5\u51b5\u53cd\u6620\u51fa\u516c\u53f8\u5bf9\u503a\u6743\u4eba\u7684\u4f9d\u8d56\u7a0b\u5ea6\u589e\u52a0\u3002<\/p>\n<ul>\n<li><span style=\"color: #339966;\">\u98ce\u9669\uff1a\u5982\u679c\u516c\u53f8\u7684\u7ecf\u6d4e\u76c8\u5229\u80fd\u529b\u4f4e\u4e8e\u503a\u52a1\u6210\u672c\uff0c\u503a\u52a1\u5c31\u4f1a\u6210\u4e3a\u60e9\u7f5a\uff0c\u5e76\u524a\u5f31\u8d22\u52a1\u7ed3\u6784\uff08\u8d1f\u6760\u6746\uff09\u3002<\/span><\/li>\n<li><span style=\"color: #339966;\">\u673a\u9047\uff1a\u76f8\u53cd\uff0c\u5982\u679c\u7ecf\u6d4e\u76c8\u5229\u80fd\u529b\u9ad8\u4e8e\u503a\u52a1\u6210\u672c\uff0c\u516c\u53f8\u5c06\u53d7\u76ca\u4e8e\u6b63\u6760\u6746\u6548\u5e94\u3002\u4e00\u4e9b\u8d44\u672c\u5bc6\u96c6\u578b\u884c\u4e1a\uff08\u4f8b\u5982\u5efa\u7b51\u3001\u8fd0\u8f93\u3001\u623f\u5730\u4ea7\uff09\u7ecf\u5e38\u4f9d\u9760\u9ad8\u989d\u503a\u52a1\u6765\u878d\u8d44\u3002<\/span><\/li>\n<\/ul>\n<hr \/>\n<h3>\u7ec3\u4e60 3<\/h3>\n<p>\u67d0\u516c\u53f8\u6709\uff1a<\/p>\n<ul>\n<li>\u80a1\u672c\uff1a1,000,000\u6b27\u5143<\/li>\n<li>\u957f\u671f\u503a\u52a1\uff1a60\u4e07\u6b27\u5143<\/li>\n<\/ul>\n<p>\u8ba1\u7b97\u8d22\u52a1\u81ea\u4e3b\u7387AF1\u5e76\u5bf9\u7ed3\u679c\u8fdb\u884c\u8bc4\u4ef7\u3002<\/p>\n<p><label>\u60a8\u7684\u7b54\u6848\uff08\u8ba1\u7b97\uff09\uff1a<br \/>\n<input type=\"text\" placeholder=\"...\" \/><br \/>\n<\/label><br \/>\n<label>\u60a8\u7684\u56de\u7b54\uff08\u8bc4\u8bba\uff09\uff1a<br \/>\n<textarea cols=\"50\" rows=\"4\" placeholder=\"\u89e3\u91ca\u4e00\u4e0b\u8fd9\u79cd\u60c5\u51b5\u662f\u5065\u5eb7\u7684\u8fd8\u662f\u5371\u9669\u7684\u2026\u2026\"><\/textarea><br \/>\n<\/label><\/p>\n<p style=\"color: green; margin-top: 10px;\"><b>\u66f4\u6b63\uff1a<\/b><br \/>\n\u6c38\u4e45\u8d44\u672c = 1,000,000 + 600,000 = 1,600,000 \u6b27\u5143<br \/>\nAF1 = 1,000,000 \/ 1,600,000 = 0.625 \u2192 <b>62,5 %<\/b><br \/>\n\u2192 \u7ed3\u679c\u5927\u4e8e 0.5\uff1a\u8d22\u52a1\u72b6\u51b5\u5065\u5eb7\u3002<\/p>\n<p>\ud83d\udc49 \u4e0b\u4e00\u7ae0\uff1a <a href=\"https:\/\/tulipemedia.com\/zh\/ratio-liquidite-solvabilite\/\">\u4f01\u4e1a\u8d22\u52a1\u4e2d\u7684\u507f\u4ed8\u80fd\u529b\u548c\u6d41\u52a8\u6027\u6bd4\u7387<\/a><br \/>\n\ud83d\udcd6 <a href=\"https:\/\/tulipemedia.com\/zh\/cours-gestion-entreprise\/\">\u8fd4\u56de\u76ee\u5f55<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Dans ce nouveau cours tir\u00e9 du Guide complet sur la gestion d\u2019entreprise, nous allons apprendre en quoi consiste les ratios d&rsquo;endettement, leur int\u00e9r\u00eat, leur mode de calcul, la fa\u00e7on de les interpr\u00e9ter, toujours dans le but de nous former \u00e0 la finance et \u00e0 la gestion d&rsquo;entreprise. D\u00e9finition du ratio d&rsquo;endettement Le ratio d&rsquo;endettement est [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":5922,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[171],"class_list":["post-5911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-fondamentaux-de-la-gestion-dentreprise"],"_links":{"self":[{"href":"https:\/\/tulipemedia.com\/zh\/wp-json\/wp\/v2\/posts\/5911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tulipemedia.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tulipemedia.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tulipemedia.com\/zh\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/tulipemedia.com\/zh\/wp-json\/wp\/v2\/comments?post=5911"}],"version-history":[{"count":3,"href":"https:\/\/tulipemedia.com\/zh\/wp-json\/wp\/v2\/posts\/5911\/revisions"}],"predecessor-version":[{"id":6180,"href":"https:\/\/tulipemedia.com\/zh\/wp-json\/wp\/v2\/posts\/5911\/revisions\/6180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tulipemedia.com\/zh\/wp-json\/wp\/v2\/media\/5922"}],"wp:attachment":[{"href":"https:\/\/tulipemedia.com\/zh\/wp-json\/wp\/v2\/media?parent=5911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tulipemedia.com\/zh\/wp-json\/wp\/v2\/categories?post=5911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tulipemedia.com\/zh\/wp-json\/wp\/v2\/tags?post=5911"}],"curies":[{"name":"\u53ef\u6e7f\u6027\u7c89\u5242","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}