Wyznaczanie maksymalnej pojemności zadłużeniowej – aspekty teoretyczne
Measuring Debt Capacity – Theoretical Aspects

Summary/Abstract: Optimal capital structure is a subject of many papers. Many authors debate on the way a companyshould finance it’s operations. Still there are not as many elaborations concerning how much can a companyborrow and how the maximum amount of debt issued should be measured. The article is focused on the subjectof debt capacity measurements. In this paper author shows the importance of calculating this amount inaddition to capital structure analysis. Author presents three model used to compute maximum debt capacityof a given company as well as the theory of debt capacity. The goal of this paper is to introduce the readerwith such an important subject as a theory of debt capacity and to show methods of calculating the maximumamount of debt that company can borrow.

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