第4版
Janus Henderson
Corporate Debt Index
The Corporate Debt Index is a long-term study into trends in company indebtedness around the world, the investment opportunities this provides and the risks it presents.
Companies around the world took on
US$456bn
of net new debt in 2022/23,
pushing the outstanding total up 6.2% on a constant-currency basis
Higher
debts
are backed by
record profits -
US$3.62 trillion
in 2022/23
收入
is back
- median yield on investment-grade bonds was
4.9% by May,
up from 4.1% a year ago
除非另有說明，否則所有數字均以美元計算。截至 2023 年 12 月 31 日
詞彙表
| 債券： | 債券是指債務的打包發行。透過購買債券，投資者通常以固定期限及固定利率向借款人借出資金。債券可在金融市場買賣，其價值會隨市場條件的變化而變動。 |
| Cyclical Industry | The revenues and profits of an industry rise and fall over the course of an economic cycle. |
| EBIT | Earnings before interest and tax, commonly called operating profit. |
| 股票 | The amount of money left over for shareholders if all a company’s assets were liquidated and its assets sold off. |
| Gearing | The ratio of debt to equity finance on the balance sheet – not to the market value of the shares; also called leverage. |
| Leverage | The ratio of debt to equity finance on the balance sheet – not to the market value of the shares; also called gearing. |
| Net Debt | All borrowings minus any cash or cash equivalents. |
| Running Yield | The interest paid on a bond divided by its current market value. |
| 波動性 | Rapid, unpredictable, changeability. |
| 到期收益率： | 債券支付的利息除以其當前的市場價值，並考慮到債券到期和償還時的資本損益。 |