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H. · 2020年11月27日

问一道题:NO.PZ2016031001000146 [ CFA I ]

问题如下:

Funds from operations (FFO) of Pay Handle Ltd increased in 2011. In 2011 the total debt of the company remained unchanged, while additional common shares were issued. Pay Handle Ltd’s ability to service its debt in 2011, as compared to 2010, most likely:

选项:

A.

improved.

B.

worsened.

C.

remained the same.

解释:

A is correct.

If the debt of the company remained unchanged but FFO increased, more cash is available to service debt compared to the previous year. Additionally, the debt/capital ratio has improved. It would imply that the ability of Pay Handle Ltd to service their debt has improved.

请问如果这题看偿还顺序,发行股票,并不影响优先偿还债吧?为什么有些题目看偿还顺序,有些题目看比率,怎么判断呢?

1 个答案

WallE_品职答疑助手 · 2020年11月28日

请问如果这题看偿还顺序,发行股票,并不影响优先偿还债吧?

偿还顺序永远是债权人大于股东的。不管发新股也好,发公司债也好,这个顺序不会变。

这一题他发股票融资,那么他有钱了,肯定更有能力偿还债务。至于您说的其它题目要看具体的题目具体分析了。(您得把题目告诉我们我们才知道如何判断)。但无论做什么样的这种类型的题目,这个清偿顺序的核心是不变的。