英语翻译Capitalstructure:杠杆比率由2010年的20.5%下降到2011年的19.0%,可能导致的原因是企业所有者权益的增加,这将影响股东在新的一年是否会继续持有企业的股票.利息保障比例由2010年的29.6倍

Question

英语翻译
Capital structure:
杠杆比率由2010年的20.5%下降到2011年的19.0%,可能导致的原因是企业所有者权益的增加,这将影响股东在新的一年是否会继续持有企业的股票.
利息保障比例由2010年的29.6倍下降至2011年的25.2倍,可能导致的原因是公司发行了更多的债券,但是比例仍然大于3:1,说明公司完全有能力偿还利息,这将吸引更多的债权人对公司进行投资,可以帮助公司更好的发展.
资产负债率由2010年的53.8%上升至2011年的56.9%,可能导致其结果的原因是银行透支、应付账款和长期负债的增加,且这两年的资产负债率均高于50%,说明公司很有可能无能力偿还债权人本金,这将影响公司在2012年是否要减少一部分的短期负债,以降低公司的风险.
综上所述,对于股东来说可以继续观察公司的情况,以便于增加股份或者减少股份,对于债权人来说可以继续向公司贷款,因为公司应收账款时间远小于应付账款的时间,对于公司来说,应该考虑在新的一年里减少公司的管理层级,减少公司的长期负债和改变销售策略以达到减少存货的目的.

Answer 1

The possible reason for the reduction of the leverage ratio from 20.5% in 2010 to 19% in 2011was the increase of the equity of the enterprise,which resulted in the uncertainty whether the shareholders would like to continue to keep their shares in the second year.
The face that the Interest guarantee rate fell from 29.6 folds in 2010 to 25.2 folds to 2011 might have resulted in more bonds were issued by the company.However it was still larger than the ratio of 3:1.This ratio indicated that there would be no problem for the companies to pay the interests,which might attract more people to invest but the proportion is still more than 3:1,shows that the company has the ability to pay interest,which will attract more investment to the company creditors and help the company develop futher.
The increase of bank overdraft,long-term liabilities and due bill might be the main reason for the ratio of liabilities to assets to rise from 53.8% in 2010 to 56.9% in 2011.The fact of that the ratio of liabilities to assets has been over 50% for the last two years might be an indication that the companies may have no ability to repay creditors capital,which would decide whether the company should reduce short-term debts in 2012 to the company's risk.
In summary,the shareholders can continue to pay attention to the situation of the company and decide whether to increase or reduce the shares.The creditors can still loan to the company because the pay-in time of the company is much sooner than the out paymeny.As to the company,it should consider reducing the company's management staff in the new year,reducing the long-term liabilities and improving the sales strategy to reduce the stock.