中文版

去杠杆是什么意思？

去杠杆是指降低企业或个人负债比例、减少财务风险的行为。简单来说，就是通过减少债务、增加自有资本，降低企业或个人的财务杠杆效应，从而减小财务风险和经营风险。

在现代经济中，杠杆是一种常见的财务手段，它可以通过借款等方式增加资本规模，提高投资回报率。然而，过高的杠杆比例也会增加企业或个人的财务风险，一旦市场环境发生变化，可能会导致资金链断裂，甚至破产倒闭。

因此，去杠杆成为了许多企业或个人在经济下行或风险加大时采取的一种策略。通过出售资产、削减开支、偿还债务等方式，降低负债比例，提高自有资本比例，从而减小财务风险和经营风险。同时，去杠杆也有助于优化企业或个人的资产负债表，提高信誉评级，为未来的发展打下坚实基础。

然而，去杠杆也需要注意平衡。过度的去杠杆可能会导致企业或个人的资本规模缩小，影响正常的经营和发展。因此，在去杠杆的过程中，需要综合考虑市场环境、企业或个人实际情况等因素，制定合理的财务策略，确保稳健经营和可持续发展。

英文版

What Does "Deleveraging" Mean?

Deleveraging refers to the act of reducing the debt-to-asset ratio of a company or individual, thereby decreasing financial risk. Put simply, it involves decreasing the financial leverage of a business or individual by reducing debt and increasing equity capital, thus minimizing financial and operational risks.

In modern economies, leverage is a common financial tool that allows for the expansion of capital through borrowing, increasing investment returns. However, an excessively high debt-to-asset ratio can also increase financial risk, potentially leading to cash flow disruptions or even bankruptcy in adverse market conditions.

Therefore, deleveraging becomes a strategy adopted by many companies or individuals during economic downturns or periods of increased risk. This involves selling assets, cutting expenses, repaying debts, and other measures to lower the debt ratio and increase the proportion of equity capital, thereby mitigating financial and operational risks. Simultaneously, deleveraging also helps optimize a company's or individual's balance sheet, improving credit ratings and laying a solid foundation for future growth.

However, it's important to strike a balance with Deleveraging. Excessive deleveraging can lead to a reduction in a company's or individual's capital size, affecting normal operations and development. Therefore, in the process of Deleveraging, it's crucial to consider factors like market conditions and the specific situation of the company or individual, formulating reasonable financial strategies to ensure stable operations and sustainable growth.