Indeed, when net debt was less than 20% of GDP in the early 1990s, ten-year bonds yielded 7%.
事实上，当90年代早期净债务占GDP20 %时，十年债券收益率是7%。
As a result, you need to be suspicious of arguments that net debt ratios are more significant than gross measures.
因此，你需要对认为净负债率法比总量法更重要的这种观点产生怀疑。
Q1: Why is net debt rather than gross debt the more important number to keep in mind regarding Japan's financial position?
第一个问题：对于日本的财政状况而言，为什么更重要的是看它的净债务，而不是总债务？
The IMF thinks that in all three the ratio of net debt to GDP will be lower in 2016 than today. In America it will be higher.
国际货币基金组织认为，到2016年，这三个国家的净负债与GDP之比都将下降，而美国的债务率则会上升。
Average net debt among US companies is 1.75 times earnings before interest tax depreciation and amortization compared to over two times in continental Europe.
美国公司的平均净负债是利息、税项、折旧、摊销前收益(EBITDA)的1.75倍，而欧洲大陆这一比例超过了两倍。
During 2008 alone the USA net debt grew by $1.33 trillion, or 62 percent.
仅仅在2008 年一年中，美国的净债务就增加了1.33 万亿美元，增幅是62%。
The ratio of net debt to EBITDA for Wynn is estimated to be 4.6 times, much lower than Sands at 10.8 times, by the end of 2009, according to a report by JP Morgan.
摩根大通的报告显示，截至2009年底永利的净债务与未计利息、税项、折旧及摊销前盈利(EBITDA)比率预计为4.6，远低于金沙的10.8。
Net debt fell to 5.9 billion euros as of June 30 from 6.1 billion euros at the end of last year.
该公司净债务已由去年年底61亿欧元降至6月30日的59亿欧元。
Net debt fell to 5.9 billion euros as of June 30 from 6.1 billion euros at the end of last year.
该公司净债务已由去年年底61亿欧元降至6月30日的59亿欧元。
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