外文翻譯----企業(yè)并購財務(wù)分析-文庫吧
2025-04-17 11:44 本頁面
【正文】 agement of the condition should be the difference between the market value. Second, the financial evaluation of M amp。 A Before merger, M amp。 A business goal must be to evaluate the financial situation of enterprises, in order to provide reliable financial basis for decisionmaking. Evaluate the enterprise39。s financial situation, not only in the past few years, a careful analysis of financial reporting information, but also on the acquired within the next five years or more years of cash flow and assets, liabilities, forecast. 1. The pany liquidity and solvency position is to maintain the basic conditions for good financial flexibility. Company39。s financial flexibility is important, it mainly refers to the enterprises to maintain a good liquidity for timely repayment of debt. Good cash flow performance in a good inegenerating capacity and funding from the capital market capacity, but also the pany39。s overall Profitability, Profitability is the size of which can be pany39。s overall business conditions and petition prospects e to embody. Specific assessment, the fixed costs to predict the total expenditures and cash flow trends, the fixed costs and discretionary spending is divided into some parts of constraints, in order to accurately estimate the pany39。s working capital demand in the near future, on the accounts receivable turnover and inventory turnover rate of the data to be reviewed, should include other factors that affect financial flexibility, such as shortterm corporate debt levels, capital structure, the higher the interest rate of Zhaiwu relatively specific weight. 2. Examine the financial situation of enterprises also have to assess the potential for backup liquidity. When the capital market funding constraints, poor corporate liquidity, the liquidity of the capital assessment should focus on the study of the availability of backup liquidity, the analysis of enterprise can get the cash management, corporate finance to the outside world the ability to sell convertible securities can bring the amount of available liquidity. In the analysis of various sources of financing enterprises, the enterprises should pay particular attention to its lenders are closely related to the ease of borrowing, because once got in trouble, helpless to the outside world, those close to the lending institutions are likely to help businesses get rid of dilemma. Others include convertible securities are convertible at any time from the stock market into cash, to repay shortterm corporate debt maturity. 3 Determination of M amp。 A transaction price M amp。 M price is the cost of an important part of the target pany39。s value is determined based on M amp。 A prices, so enterprises in M amp。 Juece O39。clock on targeted business Jinxing scientific, objective value of Ping Gu, carefully Xuanze acquisition Duixiang to Shi Zai market petition itse
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