| Summary: | 碩士 === 輔仁大學 === 金融與國際企業學系金融碩士班 === 100 === The main source of revenue for automotive financial services company, is to provide the consumer car funds demand for 12 to 60 fixed-interest-bearing installments, using operation of financial leverage in the trade relationship to gain the profit, about 85% funds source came from external borrowing, external borrowing debts of its duration of granted loans to consumer car loans during the existence of inconsistent or external borrowing debt interest-bearing way in extending loans to consumers car loan interest-bearing in different ways, all will bring automotive financial services company's interest rate risk, and then affecting the profitability of the automotive financial services company.
This research to companies, for example, explore the automotive financial services company acquired during the different interest rate risk of the assets, liabilities, arising out of fluctuations in market interest rates and interest rate risks, speed of use of assets and the debt-burden adjustment, debt restructuring, debt cost situational analysis of three kinds of methods for research.
The results show case company assets adjustment speed more slower than liabilities adjustment speed, liabilities on interest rates fluctuations of sensitivity is higher, average due day drop about 3 years, through coefficient of calculation adjustment its debt items structure, can reduced each units borrowing interest rates of risk and dispersed debt items concentrated degrees, beside, for T company past five years’s data of 1.54%, 3% and5%Under situation of three growth rates, estimates for the next five years of the free and discounted cash flow, T company affordable interest rate risks for 3.96%, and4.16% and 4.45%.
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