我的理解是经营杠杆高，固定成本大，要增加融资增加资金可用性，流动资金啊

NO.PZ2023040301000165 问题如下 A company's management mchoose not to use financialleverage because the company has A.investment-gra cretrating B.a high gree of operating leverage C.a lower net to EBIT ratio thits peers B is correct. Thegree of financileverage anthe gree of operating leverage togetherequthe gree of totleverage in the business. If the company alrea hasa high gree of operating leverage, using financileverage mincreasetotleverage anrisk to too high a level.A is incorrect. Aninvestment-gra cret rating generally incates ththe company coulorrow economically, whiwoula reason to use financileverage.C is incorrect. Alower net to EBIT ratio thits peers is incator of borrowingcapacity, whiwoula reason to use financileverage. 强化讲义上L部分，firm cboost L increasing FC creasing VC in its cost base 没理解背后的逻辑，能详细吗？谢谢

NO.PZ2023040301000165 问题如下 A company's management mchoose not to use financialleverage because the company has A.investment-gra cretrating B.a high gree of operating leverage C.a lower net to EBIT ratio thits peers B is correct. Thegree of financileverage anthe gree of operating leverage togetherequthe gree of totleverage in the business. If the company alrea hasa high gree of operating leverage, using financileverage mincreasetotleverage anrisk to too high a level.A is incorrect. Aninvestment-gra cret rating generally incates ththe company coulorrow economically, whiwoula reason to use financileverage.C is incorrect. Alower net to EBIT ratio thits peers is incator of borrowingcapacity, whiwoula reason to use financileverage. C为何不对？lower net to ebit ratio说明负债少，ebit高，公司靠赚的钱就能运转，而不需要多负债，这个逻辑有问题吗？谢谢！

NO.PZ2023040301000165 问题如下 A company's management mchoose not to use financialleverage because the company has A.investment-gra cretrating B.a high gree of operating leverage C.a lower net to EBIT ratio thits peers B is correct. Thegree of financileverage anthe gree of operating leverage togetherequthe gree of totleverage in the business. If the company alrea hasa high gree of operating leverage, using financileverage mincreasetotleverage anrisk to too high a level.A is incorrect. Aninvestment-gra cret rating generally incates ththe company coulorrow economically, whiwoula reason to use financileverage.C is incorrect. Alower net to EBIT ratio thits peers is incator of borrowingcapacity, whiwoula reason to use financileverage. The gree of financileverage anthe gree of operating leverage together equthe gree of totleverage in the business. If the company alrea ha high gree of operating leverage, using financileverage mincrease totleverage anrisk to too high a level.这个 financileverage、operating leverage和totleverage 有什么数量关系吗？还是单纯两个放在一起考虑，组成了total。

NO.PZ2023040301000165 问题如下 A company's management mchoose not to use financialleverage because the company has A.investment-gra cretrating B.a high gree of operating leverage C.a lower net to EBIT ratio thits peers B is correct. Thegree of financileverage anthe gree of operating leverage togetherequthe gree of totleverage in the business. If the company alrea hasa high gree of operating leverage, using financileverage mincreasetotleverage anrisk to too high a level.A is incorrect. Aninvestment-gra cret rating generally incates ththe company coulorrow economically, whiwoula reason to use financileverage.C is incorrect. Alower net to EBIT ratio thits peers is incator of borrowingcapacity, whiwoula reason to use financileverage. 经营杠杆，固定成本越高，EBIT越低，分子越小，经营杠杆不是越小吗，但固定成本大，杠杆应该高啊