自2003年以来，举债的税后成本已经比发行股票，甚至是在更昂贵的高收益市场上发行股票的成本要低很多。
Since 2003, the after-tax cost of raising debt has been much lower than the cost of issuing shares, even in the more expensive high-yield market.
这对去年税后股本回报率的总体贡献，与减记亏损造成的拖累相当，超出了成本控制与削减奖金对回报率的贡献度。
The aggregate effect contributed about as much to post-tax return on equity last year as was lost to writedowns, and dwarfed the boost to returns from cost control and bonus cuts.
EVA是经过调整后的税后经营净利润扣除全部资金成本后的余额。
EVA is the balance found by deducting the cost of capital from the net operating profit after tax.
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