Chii Chiri Kurega Kubhadhara Kwemari Pamusoro Pemahwindo?
Kuwanda kwechikwereti chenguva refu pakero yemari yekambani kunoreva mari iyo kambani inokwereta kuti haitarisiri kudzorera mukati memwedzi gumi nemaviri inotevera.
Yeuka kuti zvikwereti zvinotarisirwa kubhadharwa mukati memwedzi gumi nembiri inotevera zvinorondedzerwa sezvikwereti zvemazuva ano . (Zvichitaura, zvikwereti zvakakodzerwa mukati memwedzi 12 unotevera zvikwereti zvino, uye zvikwereti zvinokonzerwa nemwedzi 12 inotevera ndezvikwereti kwenguva refu.)
Ndeapi rudzi rwechikwereti runoita chikwereti kwenguva refu? Chikwereti chenguva refu chingava nezvisungo zvakadai sezvikwereti zvezvivako zvekushandira kana nyika, zvikwereti zvebhizimisi zvakanyorwa ne mabhizimusi ezvokutengeserana, uye mabhizimisi emakambani akabudiswa nekubatsira kwebhengi dzekutsvaga mari kune avo vanogadzirisa mari inowanikwa mari vanovimba nemari inowanikwa. Vashandi vekambani, pamwe chete neboka revatungamiri , vanowanzoshandisa chikwereti kwenguva refu nekuda kwezvikonzero zvakasiyana, kusanganisira kwete:
- Kubhadhara kukura nekuwana zvisingabatsiri vanochengetedza;
- Kushandisa nharaunda yakaderera yezvikwereti kana zvichikwanisika kukwidza mari yakawanda zvisingabatsiri, zvichida pasi pekugara kwenguva yakareba kwekutengesa kwenyika kamwe chete kutora mitero yakabhadharwa kwakabvunzwa, kuichengetedza kuti ishandiswe munguva yemberi; and
- Kudzosera zvikamu kuburikidza nemapuroji ekutenga buyback kuitira kuti mashesi akasara anomiririra humwe huwandu mubhizinesi.
Apo kambani iri kubhadhara zvikwereti zvayo uye maanhasi emassetsi ari kuwedzera, kunyanya kwemakore anoverengeka mumutsara, bhaari racho rinonzi "rinovandudza". Zvisinei, kana zvikwereti zvekambani zviri kuwedzera uye mari yezvino iri kuderera, zvinonzi "kuipa".
Makambani ane chikwereti chakareba kwenguva yakareba, vanozviwana vari mumatambudziko ezvimwe zvikonzero kune chimwe chikonzero kana chimwe, dambudziko risina basa shoma rekushanda kana kusisina chikwereti chekubhadhara chikwereti uye kuiswa mujeri rebhengi. Kune rumwe rutivi, inogona kuva urongwa hunoshamisa hweuchenjeri hwokusvitsa bhadha rekutsvaga kutenga mutambo wokukwikwidza, mhando, uye murongo, ndokudzorera chikwereti ichocho kwechinguva uchishandisa injini ikozvino yakabatanidzwa mari iyo yakaungana pasi pedenga rimwe .
Ungati sei kana kambani ine chikwereti chakareba kwenguva refu? Pane zvigadzirwa zvakawanda zvinoda kushandiswa asi mumwe wavo anozivikanwa sewe chikwereti-ku-equity ratio.
Chikwereti-ku-Equity Ratio uye nei ichifanira kuenderana nekushandura kweSheti Kuongorora
Chikwereti-ku-kuenzanisa chikwata chinokuudza kuti chikwereti chakaita sei kambani maererano nehutano hwayo hunokosha. Inoita izvi kuburikidza nokutora chikwereti chekambani yekambani uye ichichiparadzanisa nevanosungiridzi vemari . (Hatina kuvhara chikwereti kuenzana, asi, asi isu tichazopedzisira muchidzidzo chino.Nokuti ikozvino, iwe unongoda kuziva kuti nhamba yacho inogona kuwanikwa pasi pebhadharo. Kuita, ndichaita kuti uverenge chikwereti-ku-kuenzanisa chikwata cheimwe makambani muchikamu chechipiri patinotarisa mabhizimusi akasiyana-siyana.)
Mhedzisiro yaunowana mushure mekuparadzanisa chikwereti nehutano ndicho chikamu chekambani ine chikwereti (kana kuti "leveraged"). Nzira yekwereti-ku-kuenzana yakashandurwa kwenguva yakareba uye inobva kune zvose zvezvehupfumi uye huwandu huwandu hwekunzwa kune chikwereti. Zvimwe zvose zvakaenzana, chero kambani ine chikwereti-ku-kuenzana chiyero chepamusoro makumi mana kubva ku40 kusvika ku50% inofanira kuongororwa zvakanyatsogadziriswa kuti ione kuti hapana dambudziko guru riri kuvhara mumabhuku, kunyanya kana njodzi idzodzo dzingaratidzira dambudziko rega . Kana iwe ukawana kushanda kwekambani iyi, uye ikozvino kuenzanisa / kukurumidza kuratidzika zvakanyanya, ichi chiratidzo chekushaya simba kwemari. Icho chinhu chakakosha zvikuru kuti iwe uchinje huwandu hunobatsira huripo hwehupfumi. Mari yakawanda yakarasikirwa nevanhu vanoshandisa purogiramu yepamusoro munguva dzekudzidzira sechiyero chekwanisa kwekambani kubhadhara zvido zvayo.
Usapinda mumuteyo iwoyo. Paunenge uchiongorora bhazha, funga kuti hupfumi hunogona kuenda kugehena mubhasiketi rekudya ndokuzozvibvunza kana iwe uchifunga kuti zvikwereti nemari inoshandiswa kwemari zvinogona kuvharwa pasina kukwikwidzana kwekambani ichikuvadzwa nekuda kwekuderedzwa kwemari inoshandiswa zvinhu zvakadai sepfuma, michero, uye midziyo . Kana mhinduro yacho "kwete," ramba uchichenjerera zvikuru.
Kushandiswa Kwebato Renguva refu Kunogona Kubatsira MaFirms mazhinji
Kana bhizinesi rikwanisa kuwana mari yakakwirira yekudzorera pane mari kune inotora mari iyo inobhadhara chikwereti ichocho, zvinobatsira bhizinesi kukwereta mari. Izvozvo hazvirevi nguva dzose kuti zvakachenjera, kunyanya kana pane ngozi yekutora / kubhadhara zvisiri izvo, asi zvinoreva kuti inogona kuwedzera mari yekuita nekudhonza up kudzoka kune hutano . Nekuwedzera kwemafungiro emasvomhu pakati penyu, izvi zvinowanikwa kuburikidza nekuwedzera kuwandisa kwehutano muDuPont mufananidzo wekudzoka kwehuwandu hwehuwandu .
Icho chinyengeri ndechokuti vatungamiri vazive kuti chikwereti chakawanda chinopfuura chiyero chekuchenjera kwehutariri. Kuwedzera kunogona kunge kunonyangadza sezvo iyo inodzoka kunzvimbo yakatarisana asi inogona kuchenesa vadzidzisi nekukurumidza zvikuru kana zvinhu zvichienda kumaodzanyemba mukuderera kwezvemari kana kuora mwoyo. Icho hachisi mamiriro ezvinhu maunenge uchida kuzvitsvaga kana iri mari yemhuri yako mumutsara. Kuti udzidze zvakawanda pamusoro pehurukuro iyi, verenga An Introduction kusvika kuChikuru Chekuita .
Imwe nzira iyo yemisika yekusununguka inochengetedza makambani mukutarisa ndeye vashandi vanoita zvehutano kuvhudziro yezvikwereti. Vashandi vanoda mari yakawanda yepamusoro yehuwandu semari yekubhadhara mune izvo zvinonzi mabhizimisi ebhizinesi . Iyo yakanyanya kukurira mabhizinesi ebhizinesi, iyo yakagadzirwa ne-yakawanda-inoshuva Triple-A yero , inobhadhara chikamu chakaderera chekufarira. Izvi zvinoreva kuti mari yekutora inenge yakaderera uye purofiti yakakwirira. Kune rumwe rutivi rwemagetsi, zvibhakani zvisina kubhadhara zvinobhadhara mari yepamusoro yekutora nekuda kwekuwedzera kuwedzerwa kwekutadza. Izvi zvinoreva kuti zvikwereti zvakaderera kudarika izvo zvingave zvaive zvichiitwa nekuda kwemari inodhura.
Imwe ngozi kune vatyairi sezvo inotaura nezvekwereti kwenguva refu ndeye apo kambani inotora zvikwereti kana nyaya dzisungo panguva dzisingabatsiri mahara. Kunyange zvazvo izvi zvingave urongwa hunonzwisisika, kana zvikwereti zvinokonzerwa nokukurumidza zvichikwira, zvinogona kuita kuti zvishoma zvingabatsirwe kana zvibvumirano izvi zvichisarudzwa. Kana izvozvo zvinopa dambudziko uye kutarisira hakuna kukwanisa kugadzirira kwenguva yakareba kare, pasina mamiriro ezvinhu asinganzwisisiki, zvichida zvinoreva kuti firimu yakange isisina kutarisirwa.