Finans
finansal kaldrac
İngilizce: financial leverage
Türkçe Tanım
Ozsermaye yatirimi uzerindeki potansiyel getirileri buyutmek icin borc alinmis fonlarin kullanilmasi olup toplam borcun ozsermayeye veya toplam varliklara orani ile olculur. Yuksek kaldrac hem kazanclari hem kayiplari buyuterek ozsermaye getirilerinin oynaklgini arttirir. Finansal kaldrac sermaye yapisi teorisi ve proje finansmaninda merkezi bir kavramdir; optimal kaldrac borcun vergi avantajlarini artan iflas riskiyle dengeler.
English Definition
The use of borrowed funds to amplify potential returns on equity investment, measured by the ratio of total debt to equity or total assets. Higher leverage magnifies both gains and losses, increasing the volatility of equity returns. Financial leverage is a central concept in capital structure theory and project finance, where optimal leverage balances tax benefits of debt against increased bankruptcy risk.