权益比率

从微观角度看，股东权益比率、资产规模、股权回报率都对商业银行经营状况产生了正的影响。

From the micro perspective , the equity ratio , asset size , return on equity can have a positive effect .

传统理论认为：由于债务融资具有税盾效应，因而公司的市场价值与债务权益比率正相关。

Traditional opinion holds that owing to tax shield effect of debt financing market value is positively related to debt equity ratio .

当然，没有人主张要回到往日那种有形普通股权益比率（tce）极端化的日子。

Of course , no one is arguing for a return to the bad old days of extreme asset-to-tangible common equity ratios .

Watts和Zimmerman教授对此提出了分红计划假说、负债权益比率假说和企业规模假说三大著名假设。

Three famous hypotheses bonus plan hypothesis , ratio of liability to equity hypothesis and business scale hypothesis have been made by Prof. Watts and Zimmerman .

它们是负债权益比率、负债与有形净资产比率等。

They are debt-equity ratio , debit to tangible net worth ratio and etc.

负债权益比率是用于反映企业长期偿债能力的另外一个指标。

The debt-equity ratio is another indicator that reflects a corporation 's long-term debt-paying ability .

债务权益比率下降，主要由于集团的经营业务持续改善。

The drop in debt-to-equity ratio was mainly attributable to the continued improvements in the operating results of the group .

全球而言，有形普通股权益比率从90年代中期的大约6%，降至本十年中期的大约4%。

Globally , tangible common equity ratios fell from about 6 per cent in the mid-1990s to around 4 per cent in mid-2000s .

借鉴他们的经验，结合我国当前资本市场的状况，我国有必要引入安全港规则，从规范关联方定义、确定合理的债务/权益比率等方面入手，建立较为完善的资本弱化税制。

Drawing from their experiences and combined with the status quo of our capital market , it is necessary to bring in Safe Harbor Approach and to perfect our thin capitalization rules by standardizing the definition of Associated Enterprise , establishing a rational Debt / Equity Ratio and so on .

与此同时，欧洲银行管理局（EuropeanBankingAuthority）正在将欧洲银行业的普通股权益资本比率提高到9%，大大高于巴塞尔协议II的2%标准，基本相当于新的巴塞尔协议III的标准。

At the same time , the European Banking authority ( EBA ) is raising European banks ' common equity capital requirement to 9 % , a huge jump from the Basel II standard of 2 % and roughly equivalent to the New Basel III standards .

万科的净债务与股东权益的比率只有16%。

Vanke 's net debt to equity is a mere 16 per cent .

据高盛估计，欧洲企业净债务与股东权益的比率为54%，高于自1988年以来的平均值48%。

Goldman estimated that net debt to equity for European companies was 54 per cent , compared with an average of 48 per cent since 1988 .

进一步理解基于股东权益的财务比率。

Better understand ratios based on stockholders ' equity .

现在，规模较小的银行需要每美元资产拥有8%的有形权益（杠杆比率）。

Smaller banks are now required to have 8 per cent tangible equity per dollar of assets ( the leverage ratio ) .

或者可以迫使银行回到上世纪90年代有形普通股权益与资产比率的平均水平。

Alternatively , banks could be forced to return to the average tangible common equity to assets ratios they had in the 1990s .

随着企业停止大规模回购这在以往起到了提升股本回报率的作用资产与股东权益之间的比率可能只会下降；重建资产负债表才是当前的要务。

That leaves leverage . The ratio of assets to shareholders ' equity is likely only to fall as companies cease the massive buybacks that have helped boost past returns ; rebuilding balance sheets is the order of the day instead .

东航的股东权益已为负值，而上航的净负债对股东权益比率达到22倍。

CE fell into negative shareholders ' equity , while SA 's net debt to equity hit 22 times .