Tarn 寫到:有錢人借錢炒房
公司借錢蓋廠房買機台。負債比非常高的公司都有
保險公司和金融公司 拿保單跟定存的錢 來投資股票跟債卷
2021年就教過，多複習
講稿18章mikeon88發表於 2021-8-7 10:30
公司負債比高低端視事業項目是否穩定而定，
產品價格波動大、現金流不穩定，或資本密集
應該用自有資金因應。
若是穩定的則可以舉債，如超商
A company's debt ratio depends on whether its business operations are stable.
Highly volatile product prices, unstable cash flow, or capital expenditure is intensive.
It should respond with its own funds.
If it is stable, you can borrow money, such as supermarkets.
台積電負債比低僅40%，因為晶圓代工產品價格波動大、景氣循環明顯，以及資本密集。
鴻海負債比高些60%，因為蘋果的訂單穩定
TSMC's debt ratio is low, only 40%, because the prices of wafer foundry products fluctuate greatly, the economic cycle is obvious, and capex is intensive.
Hon Hai can be 60% in debt because Apple's orders are stable.
買房可以有7成槓桿因為房價通常不太會暴跌
Buying a house can be leveraged by 70%, because house prices are usually less likely to plummet.
銀行和保險公司負債比高達9成，
若全部投入股票，跌10%就倒閉。
所政府嚴格規定金融業的資產一定比例必須買價格穩定的公債、投資等級債等，
即所謂的資本適足率。
The debt ratio of banks and insurance companies is as high as 90%.
If all the money was invested in stocks, a 10% drop in the stock price would put them out of business.
The government strictly stipulates that a certain percentage of assets in the financial industry must purchase treasury bonds and investment-grade bonds with stable prices.
This is the so-called capital adequacy ratio.
股票市場波動大，
我們又押身家，
公司本身負債比也常高達6成，
投資人若借錢投資等於雙重槓桿，
很容易血本無歸。
The stock price fluctuated wildly.
We bet most of our fortunes.
The debt ratio of many enterprises has reached 60%.
If investors use financing to buy again, it is equivalent to doubling leverage, easy to go bankrupt.