试析资本成本率的计算

An Analysis of Calculating the Cost Ratio of Capital

目前使用的资本成本率的计算方法存在不区分资金性质、使用主体不明等局限性 ,致使计算出的资本成本率不准确 ,从而可能据此做出错误的投资决策 ,最终影响企业盈利。因此正确计算企业资本成本率意义重大。面临多种筹资方式 ,企业应根据资金性质及使用期限 ,结合企业行业情况 ,综合考虑影响资金使用成本大小的各个因素 ,分别建立不同的资本成本率核算模式 ,使计算出的资本成本率既切实可行 ,有利于选择恰当的筹资方式 ,又能使核算方法符合会计核算原则 。

It is of vital importance for an enterprise to make a financial decision and select an investment scheme with accurate cost ratio of capital. The current method for calculating cost ratio of capital can not differentiate funds character or users, thus leading to inaccurate results and the possibility of making a wrong decision and a wrong investment, and finally affecting the profit of an enterprise. So it is significant for an enterprise to calculate the cost ratio of capital. Facing many ways of financing, many key factors including funds character, time limit and the actual situations ,etc should be taken into account. So we can find different ways of calculation according to factors affecting the cost of capital. These ways are feasible in calculating the cost ratio of capital accurately. At the same time these ways can be understood easily.