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Russian to English translations [PRO]
Bus/Financial - Accounting | | Russian term or phrase: Коэффициент автономии | I have two ratios:
1. Коэффициент автономии
2. Отношение заемных и привлеченных средств к собственным
I presume 2. is debt/equity ratio
I have seen various definitions in Russian for Коэффициент автономии. I am not really sure how it differs from the debt/equity ratio. Does anyone understand this?
Many thanks in advance! |
| Emily JusticeKudoZ activityQuestions: 1280 ( 10 open) ( 9 without valid answers) ( 20 closed without grading) Answers: 62
United Kingdom
| Local time: 12:46
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| | Equity to total assets | Explanation:
If one is to believe the definition given by Marina Aidova, the difference btw the two ratios is two-fold: in one case it's a ratio of debt to equity (i.e. own funds and property), in the other - equity to TOTAL ASSETS, i.e. the sum of debt and equity. Debt to equity is a much more widely used indicator, in some 10+ years of dealing with finance and investments I have never heard of it. It is not particularly surprising though, since financial ratios are a legion, and they still keep coming up with new ones. Autonomy ratio is not a standard term in English accounting and investment speak, it appears to be a purely Russian invention. Most of the google hits on autonomy ratio that I found refer to either Russian sources or something entirely different in a technical sense.
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Note added at 5 hrs (2008-11-18 03:41:44 GMT)
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I meant I've never heard of the other one, equity to total assets. It's just another way of looking at the issue though. |
| Selected response from:
The Misha
Local time: 07:46
| Grading comment Thank you everyone.
I found your answer very helpful Misha. Thank you!
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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8 mins confidence:   peer agreement (net): +1 Total debt to equity/Equity ratio/Autonomy Ratio
Explanation:
Коэффициент автономии, (Total debt to equity) отношение суммы собственного капитала к сумме всего капитала Характеризует зависимость фирмы от внешних займов. Чем выше значение коэффициента, тем больше займов у компании, тем выше риск неплатежеспособности. Высокое значение коэффициента отражает также потенциальную опасность возникновения у предприятия дефицита денежных средств. Интерпретация этого показателя зависит от многих факторов: средний уровень этого коэффициента в других отраслях, доступ компании к дополнительным долговым источникам финансирования.
Коэффициент автономии
Equity ratio
Одна из важнейших характеристик устойчивости финансового состояния предприятия, характеризующая степень его финансовой независимости. Определяется как отношение собственных средств к общей сумме активов.
Коэффициент автономии (Autonomy Ratio) - рассчитывается как отношение величины источника собственных средств (капитала) к итогу (валюте) баланса:
AuR = E/TA,
где: E (Equity) - собственный капитал
TA (Total Assets) - общие активы или валюта баланса
Нормальное ограничение (оптимальная величина) этого коэффициента оценивается на уровне 0,5, т.е. К, > 0,5. Коэффициент показывает долю собственных средств в общем объеме ресурсов предприятия. Чем выше эта доля, тем выше финансовая независимость (автономия) предприятия.
|  Marina Aidova
Local time: 14:46
Works in field
Native speaker of:  Russian
PRO pts in category: 16
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13 mins confidence: self-financing ratio
Explanation:
Financial liberalization: How well has it worked for developing countries?
...
A new capital mobility measure
Aizenman et al. (2004) address issues similar to those of Feldstein and Horioka (1980). Their methodology, however, differs, in that it focuses on the ratio of cumulative discounted gross national saving and gross national investment. They interpret this as a
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"self-financing ratio,"
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indicating the share of tangible capital supported by past national saving. The numerator may be viewed as the amount of capital that would be available if all of the country's investments were domestically financed—that is, without relying on external borrowing, and assuming that the path of national savings was unchanged. The denominator of the ratio represents the actual stock of domestic capital.
http://www.frbsf.org/publications/economics/letter/2005/el20...
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1 hr confidence: peer agreement (net): -1
5 hrs confidence: peer agreement (net): +1 Equity to total assets
Explanation:
If one is to believe the definition given by Marina Aidova, the difference btw the two ratios is two-fold: in one case it's a ratio of debt to equity (i.e. own funds and property), in the other - equity to TOTAL ASSETS, i.e. the sum of debt and equity. Debt to equity is a much more widely used indicator, in some 10+ years of dealing with finance and investments I have never heard of it. It is not particularly surprising though, since financial ratios are a legion, and they still keep coming up with new ones. Autonomy ratio is not a standard term in English accounting and investment speak, it appears to be a purely Russian invention. Most of the google hits on autonomy ratio that I found refer to either Russian sources or something entirely different in a technical sense.
--------------------------------------------------
Note added at 5 hrs (2008-11-18 03:41:44 GMT)
--------------------------------------------------
I meant I've never heard of the other one, equity to total assets. It's just another way of looking at the issue though.
| The Misha
Local time: 07:46
Specializes in field
Native speaker of:  Russian
PRO pts in category: 27
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| | Grading comment Thank you everyone.
I found your answer very helpful Misha. Thank you! |
|
| | Login to enter a peer comment (or grade) |
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