资本结构是指各种资本的价值构成及其比例关系，是在一定时期内融资组合的结

Capital structure refers to the value composition and proportional relationship of various capitals, which is the result of financing combination in a certain period of time. Broadly defined capital structure refers to the composition and proportion of the enterprise's total capital. The capital of an enterprise within a certain period of time can be divided into debt capital and equity capital, and can also be divided into short-term capital and long-term capital. The capital structure in a narrow sense refers to the composition and proportion of various long-term capitals, especially the composition and proportion of long-term debt capital and long-term equity capital. The best capital structure is the capital structure that makes shareholders the richest or most expensive, that is, the capital structure with the lowest cost of capital. The financing structure or capital structure of an enterprise reflects the proportional relationship between corporate debt and equity. It determines the company's solvency and refinancing ability to a large extent, determines the company's future profitability, and is an important indicator to measure the financial status of an enterprise. A reasonable financing structure can reduce financing costs, play a regulatory role of financial leverage, and enable companies to obtain greater returns from their own funds

资本结构是指各种资本的价值构成及其比例关系，是在一定时期内融资组合的结果。广义的资本结构是指企业总资本的构成和比例。一个企业在一定时期内的资本可以分为债务资本和权益资本，也可以分为短期资本和长期资本。 狭义的资本结构是指各种长期资本的构成和比例，特别是长期债务资本和长期权益资本的构成和比例。最好的资本结构是使股东最富有或最昂贵的资本结构，即资本成本最低的资本结构。企业的融资结构或资本结构反映了企业债务与股权之间的比例关系。它在很大程度上决定着企业的偿债能力和再融资能力，决定着企业未来的盈利能力，是衡量一个企业财务状况的重要指标。合理的融资结构可以降低融资成本，发挥财务杠杆的调节作用，使企业能够从自有资金中获得更大的回报

Capital structure refers to the value composition and proportion relationship of various capitals, which is the result of financing combination in a certain period of time. In a broad sense, capital structure refers to the composition and proportion of the total capital of an enterprise. The capital of an enterprise in a certain period can be divided into debt capital and equity capital, as well as short-term capital and long-term capital. In a narrow sense, capital structure refers to the composition and proportion of various long-term capital, especially the composition and proportion of long-term debt capital and long-term equity capital. The best capital structure is to make shareholders the richest or most expensive capital structure, that is, the capital structure with the lowest cost of capital. The financing structure or capital structure of an enterprise reflects the proportion between debt and equity. To a great extent, it determines the solvency and refinancing ability of an enterprise, determines the future profitability of an enterprise, and is an important indicator to measure the financial situation of an enterprise. A reasonable financing structure can reduce the financing cost, play the regulatory role of financial leverage, and enable enterprises to obtain greater returns from their own funds<br>