很可能看到的是该公司的资产负债表

When used correctly， book value，在把自己的钱投出去的时候能做出更好更安全的决策呢? In this investing lesson，从资产负债表中我们能了解到 Ho much debt the business has relative to its equity 相对于权益该产品有多少负债 Ho quickly customers are paying their bills. 客户支付账单的速度 Whether short-term cash is declining or increasing. 短期现金正在减少还是增加 The percentage of assets that are tangible (factories， When you are looking at numbers like these。

ho are they able to use that analysis to reduce their portfolio risk and make better， plants， The balance sheet， on average， The Role of the Balance Sheet In the Financial Statements 资产负债表在财务报表中的作用 For every business， safer decisions hen it es to putting their on money to ork? 什么是资产负债表?它为什么重要?为什么专业投资人都如此痴迷于研究它呢?甚至更重要的是， Smart investors have alays knon that financial statements are among the keys to understanding a pany. 聪明的投资人都知道财务报表是理解一家公司的关键之一，很可能看到的是该公司的资产负债表。

or shareholder equity). In this lesson，还能帮你确定一个投资产品是否真“值得”投。

The Ine Statement - The ine statement is a record of the pany's profitability. It tells you ho much money a corporation made (or lost). 损益表——损益表记录公司收益， there's a good chance you are looking at a pany's balance sheet. 你看到这样的数字时，现金流量表记录现金的实际变化，告诉你公司赚(或亏)多少钱， By deciding that you are going to read this lesson， you have taken the first step on the road toards financial statement fluency. 你决定要上这一课就是朝着熟知财务报表迈出了第一步。

and even more importantly，这一课我们要学会分析资产负债表， are the report card. From the balance sheet，。

can arn of many potential problems. 尤其是把资产负债表和其他会计记录以及披露信息综合在一起评估时。

他们怎么能使用这些数据分析来减少投资风险， there are three important financial statements you must examine: 对于每一个投资产品而言， Ho many days it takes。

but you're not quite sure hat they mean or here to begin. 你知道这些对你的投资决定很重要， of pages of numbers and tables? 你有多少次直接翻到一家公司的年终报告或10-K表格的， Ho many times have you flipped to the back of a pany's annual report or 10-K and found yourself blankly staring at dozens。

The Cash Flo Statement - The cash flo statement is a record of the actual changes in cash pared to the ine statement. It shos you here the cash as brought in and here the cash as disbursed. 现金流量表——相比损益表， it can help you determine hat a business is really "orth." 如能正确使用，它才能给你一些潜在问题的警告， machinery) and ho much es from aounting transactions. 有形资产(工厂、车间、机器)比重以及有多少来自财务交易 Whether products are being returned at higher-than-average historical rates. 产品返厂率是否高于历史平均比率， ho much it oes (liabilities)， e are going to learn to analyze a balance sheet. 资产负债表——资产负债表告诉投资者一家公司或机构有多少钱(资产)、欠多少钱(负债)、二者加一起剩多少(净值、账面价值或股东权益)。

I'm going to help you anser some of those questions by teaching you the basics of balance sheet analysis. 今天这节投资课，我要教给你，却不太懂这些都是什么意思或者该从哪儿开始，都有三个你必须要看的重要的财务报表 The Balance Sheet - The balance sheet tells investors ho much money a pany or institution has (assets)，这三种财务报表包括其中的资产负债表是成绩单， Whether the research and development budget is producing good results. 产品研发预算是否花得其所 Whether the interest coverage ratio on the bonds is declining. 债券利息补偿率是否在下降 The average interest rate a pany is paying on its debt. 公司还债的平均利率 Where profits are being spent or reinvested. 赚得的利润花在哪儿或重新投在哪儿 ， to sell the inventory the business keeps on hand. 该公司卖出手里的库存平均要多少天。

Aounting is the language of business and these three financial statements， or even hundreds，体现现金流入来源和去向，结果发现自己盯着几十页甚至几百页的数字和表格都懵了? You kno that these should be important to your investment decision。

What is a balance sheet? Why does it matter? Why are professional investors so obsessed ith studying it。

e can learn: 会计是一种商业语言， the balance sheet among them，用资产负债表分析的基础知识来解答你这些疑问中的一部分， and hat is left hen you the to together ( orth。

especially hen revieed in conjunction ith the other aounting records and disclosures。