Qhov Tseem Ceeb Qhov Sib Txawv - Tus Nqi Them Nqi Them Tsis Zoo vs Cov Nqi Them Nqi Pabcuam
Txoj kev them tus nqi them tus nqi thiab cov nuj nqis kev pabcuam kev them nqi yog qhov tseem ceeb ntawm cov qib kev sib tw (feem ntau ntawm cov nuj nqis hauv cov qauv peev) hauv kev ruaj khov. Qhov sib txawv tseem ceeb ntawm tus nqi them tus nqi them tas thiab qhov kev pab them nqi nuj nqis yog qhov kev them nqi kho mob tas li ntsuas lub peev xwm ntawm lub tuam txhab los them cov nqi tas li nrog rau cov paj laum thiab cov nqi xauj tsev thaum cov nuj nqis kev pab them nqi piv ntsuas cov nyiaj muaj peev xwm ua tau raws li cov nyiaj tau los. nuj nqis ntawm lub tuam txhab. Nws yog ib qho tseem ceeb kom paub qhov txawv ntawm ob qhov sib piv no kom zoo vim tias ob qho no tuaj yeem tsis meej pem vim lawv qhia cov ntsiab lus zoo sib xws.
Tus nqi them them tas li yog dab tsi?
Tus nqi them tas li (FCCR) ntsuas lub tuam txhab muaj peev xwm los daws cov nqi them tas, xws li paj paj thiab nqi xauj tsev. Cov nqi no yuav raug suav nrog hauv daim ntawv qhia nyiaj tau los tom qab cov nyiaj tau los ua haujlwm. Cov qauv hauv qab no yog siv los xam FCCR.
Fixed Charge Coverage Ratio=(EBIT + Fixed Charge Uantej Se)/ (Tseem Them Ua Ntej Se + Cov paj laum)
FCCR saib lub tuam txhab lub peev xwm los them nws cov nqi tas li los ntawm cov txiaj ntsig tau txais. Qhov no zoo ib yam li cov paj laum piv uas suav nrog lub peev xwm los daws cov paj laum. Piv txwv li, yog tias cov paj laum suav yog 4, qhov no txhais tau tias lub tuam txhab tuaj yeem them cov paj paj 4 npaug ntawm cov nyiaj tau los. FCCR txawv ntawm cov paj laum qhov piv txwv vim nws xav txog cov nqi ntxiv xws li cov nqi xauj tsev thiab cov nqi tuav pov hwm ntxiv rau cov paj.
E.g. ABC Ltd.'s EBIT rau xyoo nyiaj txiag kawg yog $420,000. Lub tuam txhab tau them nyiaj paj laum ntawm $38,000 thiab lwm cov nqi tas li ntawm $56,000 ua ntej se.
FCCR=($420, 000 + 56, 000) / (56, 000 + 38, 000)=5 times
ABC tuaj yeem siv nws cov nyiaj khwv tau los them cov nqi them tas mus li 5 zaug, uas yog qhov kev pabcuam zoo. Ib qho piv txwv qis dua yuav qhia tau tias lub tuam txhab pom tias nws nyuaj rau them nws cov nqi tas.
Qhov Kev Pab Them Nqi Them Nqi Them Nqi Li Cas?
Tseem hu ua tus nqi them nuj nqis, qhov kev pab cuam them nqi nuj nqis (DSCR) ntsuas seb cov nyiaj muaj peev xwm npaum li cas kom tau raws li cov nuj nqis ntawm lub tuam txhab. Qhov no suav nrog cov nyiaj uas muaj los daws cov paj laum, cov nyiaj tseem ceeb thiab cov nqi xauj tsev. DSCR raug xam raws li hauv qab no.
Txoj Kev Pab Them Nqi Them Nqi Them=Net Ua Haujlwm Cov Nyiaj Tau Los / Tag Nrho Kev Pabcuam
E.g. BCV Ltd tau txais cov nyiaj tau los ntawm kev ua haujlwm ntawm $ 475, 500 rau lub xyoo xaus 31.12.2016. BCV cov nuj nqis tag nrho yog $ 400, 150. Qhov txiaj ntsig DSCR yog 1.9 ($ 475, 000 / $ 400, 150)
Vim DSCR ntau dua 1, qhov no qhia tau tias lub tuam txhab tau txais txiaj ntsig zoo los them cov nuj nqis. Yog tias DSCR tsawg dua 1, qhov no yuav qhia tau tias lub tuam txhab tsis tau tsim cov nyiaj tau los txaus los them cov nuj nqis. Qhov piv txwv no tshwj xeeb yog qhov tseem ceeb thaum lub tuam txhab xav kom tau txais cov nyiaj qiv vim tias cov tsev txhab nyiaj yuav xav tau qhov piv rau ntawm qhov pom zoo.
Tsis muaj ib qho piv txwv zoo tshaj plaws rau kev pab them nqi nuj nqis uas cov tuam txhab yuav tsum ua tiav. Txawm li cas los xij, txij li DSCR yog qhov tseem ceeb piv rau cov tsev txhab nyiaj ua ntej tso nyiaj qiv, hom thiab tus nqi ntawm cov nyiaj qiv thiab qhov xwm txheej ntawm kev sib raug zoo uas lub tuam txhab muaj nrog lub txhab nyiaj yuav pab txiav txim siab qhov zoo tshaj piv.
Dab tsi yog qhov txawv ntawm Tus Nqi Them Nqi Them Nqi thiab Cov Nqi Them Nqi Them Nqi Them Nqi?
Fixed Charge Coverage Ratio (FCCR) vs Debt Service Coverage Ratio (DSCR) |
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| Tus nqi them tus nqi them tas li ntsuas lub peev xwm ntawm lub tuam txhab los them cov nqi tas li suav nrog cov paj laum thiab cov nqi xauj tsev. | Cov kev pab them nqi nuj nqis ntsuas tus nqi ntawm cov nyiaj ntsuab muaj kom tau raws li cov nuj nqis ntawm lub tuam txhab. |
| Siv cov txiaj ntsig | |
| Tus nqi them tus nqi tas li siv cov nyiaj khwv tau los ua ntej paj paj thiab se hauv nws cov qauv. | Cov kev pab them nqi nuj nqis siv cov nyiaj tau los ua haujlwm hauv nws cov qauv. |
| Ib qho tseem ceeb | |
| Tus piv rau xam FCCR yog (EBIT + Tiav tus nqi ua ntej se) / (Cov nqi them ua ntej se + paj laum). | Tus piv rau xam DSCR yog (Net Operating Income / Total Debt Service) |
Summary- Fixed Charge Coverage Ratio vs Debt Service Coverage Ratio
Qhov sib txawv tseem ceeb ntawm tus nqi them tas li thiab cov nuj nqis kev pabcuam kev pabcuam yog nyob ntawm seb lawv puas tau tsom mus rau kev suav lub peev xwm ntawm lub tuam txhab los daws cov nqi taag lossis suav cov nyiaj muaj los ua kom tau raws li cov nuj nqis. Ob qho piv txwv no muab qhov qhia txog qib ntawm kev sib tw hauv lub tuam txhab; Yog li, lawv tuaj yeem suav tias yog qhov tseem ceeb ntawm qhov sib piv. Yog tias cov piv txwv no qis dua qhov kev lees paub, cov peev txheej nyiaj txiag ntxiv yuav tsum raug txiav txim siab.
