一般认为,现金流是以收付实现制为基础计算出的现金流入量超出流出量的差额,它决定企业的兴衰存亡,最能反映企业的本质。大量管理实践表明,企业资不抵债不一定会破产清算,但若现金流中断往往会危及生命。企业的生存能力,与其说取决于利润,不如说取决于其偿还到期债务的能力。因此,作为企业价值的驱动因素,现金流以其超越利润指标的优势正日益受到人们的普遍关注,并逐渐成为衡量企业盈利能力与未来成长性的主要标准以及评价企业综合财务素质的重要指标。 Generally believed that the cash flow is based on cash receipts and payments to calculate the cash flow exceeds the amount of the difference between outflow, which determines the rise and fall of the enterprise, the most reflects the essence of the enterprise. Extensive management practices show that insolvent companies do not necessarily go bankrupt, but disruptions to cash flow often endanger life. The viability of an enterprise depends not so much on profits as it can on its ability to pay its debts as they fall due. Therefore, as the driving factor of enterprise value, cash flow has been paid more and more attention due to its advantage of exceeding profit target. It has gradually become the main standard to measure the profitability and future growth of an enterprise, as well as an important index for evaluating the comprehensive financial quality of an enterprise.