บริษัทที่น่าลงทุนควรมีหนี้ไม่เกินเท่าไหร่

[ice]

Very interesting topic na. Contrasting with some believe that debt is pretty bad things. Actually, there is quite a huge benefit when using debt to finance projects. For examples, increase debt will increase your eps (earning per share). Tradition view of capital structure will say that WACC will fall as the level of gearing increased because lower cost of debt compared to equity capital. Then, the moderate level of debt is not supposed to add significantly to the risk of shareholders, so the firm would not have to pay higher returns to them. This leads to a fall in the WACC, thus increase the market value. Furthermore, issue debt shows confidence of firms management. At the end, the perfect amount of debt is to match the cash flows on debt as closely as possible with the cash flow that the firm makes on its asset.

debt