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借款偿还期是投资项目评估中经常用到的非常重要的一项财务指标,无论是项目本身还是贷款银行对这一指标都非常重视。但这一指标设计存在一定问题,公式左右两边在资金时间价值上存在不对等的情况,左边借款本息和考虑了资金的时间价值,右边可用于还本付息的资金却没有考虑时间价值这一重要因素,引起计算结果存在较大的不确定性。这一指标的设计应该在注重谨慎性原则的同时还要客观,可靠,该指标应该旨在计算最大偿还能力,否则有可能会使银行过度稳健而丧失有利可图的投资项目。
Loan repayment period is a very important financial indicator commonly used in the evaluation of investment projects, both the project itself and the lender attach great importance to this indicator. However, there are some problems in the design of this indicator. There is an unequal situation in the time and value of funds on the left and right of the formula. The principal and interest on the left and the time value of funds are taken into consideration. The funds available on the right for repayment of principal and interest do not take into account the time value Important factors, causing the calculation of the results there is a big uncertainty. The design of this indicator should be objective and reliable while focusing on the principle of prudence. The indicator should be designed to calculate the maximum repayment ability. Otherwise, the bank may overstate and lose profitable investment projects.