表内融资成本低的原因

中文段落：

表内融资，是指企业通过发行股票、债券等直接融资方式，在企业的资产负债表中体现为权益或债务的行为。相比于其他融资方式，表内融资成本较低的原因主要有以下几点：

首先，表内融资具有较高的信用度。由于表内融资通常是通过发行股票或债券等方式进行，这些方式都需要经过严格的审批和监管，因此具有较高的信用度。这使得投资者更愿意购买这些金融产品，从而降低了企业的融资成本。

其次，表内融资具有较长的融资期限。相比于短期贷款等融资方式，表内融资的期限通常较长，这使得企业可以更加稳定地使用这些资金，降低了资金使用的风险。同时，长期融资也可以帮助企业更好地规划未来的发展。

最后，表内融资还具有较低的融资成本。由于表内融资的信用度较高，且期限较长，因此企业可以以较低的利率获得资金。这不仅可以降低企业的融资成本，还可以提高企业的盈利能力。

英文段落：

On-balance sheet financing refers to the behavior of companies raising funds directly through the issuance of stocks, bonds, and other means, which are reflected as equity or debt on the company's balance sheet. Compared to other financing methods, there are several reasons why on-balance sheet financing has lower costs:

Firstly, on-balance sheet financing enjoys high creditworthiness. Since it typically involves the issuance of stocks or bonds, which undergo strict approval and regulation, it carries a high degree of credibility. This makes investors more willing to purchase these financial products, thereby reducing the financing costs for businesses.

Secondly, on-balance sheet financing offers longer financing terms. Unlike short-term loans and other financing methods, on-balance sheet financing typically has a longer duration, allowing companies to use these funds more stably and reducing the risk associated with capital utilization. Additionally, long-term financing can help companies better plan for their future development.

Lastly, on-balance sheet financing carries lower financing costs. Due to its high creditworthiness and longer terms, companies can obtain funds at lower interest rates. This not only reduces the financing costs for businesses but also enhances their profitability.

中文段落：

总的来说，表内融资的低成本主要得益于其高信用度、长融资期限以及较低的融资成本。这些因素共同作用下，使得表内融资成为许多企业首选的融资方式。然而，企业在选择融资方式时，还需要综合考虑自身的经营状况、市场环境以及融资需求，以选择最适合自己的融资方式。

**英文段落：

Overall, the low cost of on-balance sheet financing is primarily attributed to its high creditworthiness, long financing terms, and reduced financing costs. These factors, combined, make on-balance sheet financing a preferred financing method for many companies. However, when selecting a financing method, companies need to consider their operating conditions, market environment, and financing needs comprehensively to choose the most suitable financing option for themselves.