项目(单位:亿元)/年份 | 2019 | 2020 | 2021 |
短期借款 | 21.26 | 63.35 | 121.23 |
1年内到期的非流动负债 | 10.77 | 13.49 | 35.49 |
长期借款 | 49.81 | 60.68 | 221.19 |
有息负债总计 | 81.84 | 137.52 | 377.91 |
短期债务权重 | 25.97% | 46.07% | 32.08% |
长期借款权重 | 74.03% | 53.93% | 67.92% |
税前债务资本成本 | 4.65% | 4.57% | 4.62% |
平均所得税率(T) | 12.99% | 11.15% | 13.49% |
税后债务资本成本 | 4.04% | 4.06% | 4.00% |
所有者权益 | 421.88 | 691.95 | 926.22 |
无风险利率 | 4.27% | 3.97% | 3.97% |
市场风险溢价 | 6.00% | 2.30% | 8.10% |
β系数 | 1.22 | 1.27 | 1.16 |
权益资本成本 | 11.59% | 6.89% | 13.37% |
债务资本权重 | 16.25% | 16.58% | 28.98% |
权益资本权重 | 83.75% | 83.42% | 71.02% |
加权平均资本成本(WACC) | 10.36% | 6.42% | 10.65% |