i z o l d a W i l a Z e

cxrili 5 .
fuladi nakadebis angariSgeba
(fragmenti, arapirdapiri meTodiT)
arapirdapiri meTodiT momzadebul angariSgebas `fuladi
nakadebis Sesaxeb~ _ naklebi analizuri mniSvneloba aqvs. amitom
mas mxolod arasruli saaRricxvo Canawerebis dros mimar-
Taven.
finansuri angariSgebis meoTxe komponentia `angariSgeba sakuTar
kapitalSi cvlilebebis Sesaxeb~, romelic mTavri wignis
angariSebis da fasiani qaRaldebis gmoSvebis analizuri monacemebis
safuZvelze mzaddeba (ix: cxrili 6):
rogorc ukve aRvniSneT, finansur angariSgebas didi analizuri
mniSvneloba gaaCnia misi momxmareblebisaTvis. masSi gadmocemuli
informaciis safuZvelze gamoirkveva sawarmos ara
mxolod gadaxdisunarianobis, aramed, momgebianobis sxvadasxva
maCveneblebic. ase magaliTad:
aqtivebis momgebianoba = (dasabegri mogeba * 100) : aqtivebis
jami =
= 9 730 *100 : 116 640 = 8,3%
maSasadame, mimdinare wels, yovel erT lar aqtivze miRebuli
iqna 8,3% mogeba. moxdeba am maCveneblis Sedareba wina wlebis
an saSualo dargobriv maCveneblebTan da gakeTseba Sesabamisi
daskvnebi.SeiZleba momgebianobis maCveneblebi wmindamogebis
maCveneblis safuZvelzec gamoiTvalos, rac ufro metad sainteresoa
mesakuTreebisaTvis. Seiswavleba agreTve dividendi
erT aqciaze, Semosavali erT aqciaze da a.S.
aRsaniSnavia, rom, erTerTma ingliselma mecnierma eduard
alTmanma, Seiswavla ra ramdenime aTeuli kompaniis finansuri
mdgomareoba, romlebic gakotrdnen, SeimuSava sawarmos kreditunarianobis
indeqsi (z), romlis minimaluri done2,675 unda
iyos.
z = 3,3 k 1 + 1,0 k 2 + 0,6 k 3 + 1,4 k 4 + 1,2 k 5 sadac,
k 1 = mogeba %isa da gadasaxadis gadaxdamde / mTeli aqtivebi
k 2 = amonagebi realizaciidan / mTeli aqtivebi
k 3 = sakuTari kapitali (sabazro fasiT) / moziduli kapitali
k 4 = dagrovili gaunawilebeli mogeba / mTeli aqtivebi
k 5 = sakuTari sabrunavi saxsrebi / mTeli aqtivebi
mocemuli indeqxi unda aRematebodes 2,675. am Sem-
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