Türev Ürünler
Yuksek kaldracli sermaye
İngilizce: highly geared capital
Türkçe Tanım
Borc oraninin ozseremayeyi onemli olcude astigi, bunun sonucunda yuksek finansal kaldrac ve ozsermaye sahipleri icin buyutulmus getiri veya kayiplarla sonuclanan bir sermaye yapisidir. Yuksek kaldracli sermaye yapilari kaldracli satin almalarda, altyapi imtiyazlarinda ve proje finansmani ozel amacli sirketlerinde yaygindir. Kaldrac olumlu kosullarda ozsermaye getirisini artirirken, nakit akisi yetersizliklerine ve faiz orani degisikliklerine karsi kirilganlig da artirir.
English Definition
A capital structure in which the proportion of debt significantly exceeds equity, resulting in high financial leverage and amplified returns or losses for equity holders. Highly geared capital structures are common in leveraged buyouts, infrastructure concessions, and project finance special purpose vehicles. While gearing enhances equity returns in favourable conditions, it increases vulnerability to cash flow shortfalls and interest rate changes.