This chapter explores the impact of currency fluctuations on cash flows, on assets and liabilities, and on the real business of the firm.

这一章探讨了币值波动对公司实体业务的现金流动，资产和负债的影响状况。

youdao

Real assets are those that generate cash regularly. Those that did not are nothing but liabilities.

房地产虽能定期地产生现金，但不给您带来现金流的就是负债。

youdao

Real-estate enterprises have high liabilities and are sensitive linked with market risks, which determines they are suffering high financial risks.

房地产企业经营的负债水平高，并且对市场风险的反映非常敏感，决定了房地产企业面临着很大的财务危机风险。

youdao

This arrangement came crashing down in the fall of 2008 as mortgage defaults increased and the guarantees became real liabilities.

FORBES: Weaning Ourselves from Economic Steroids - Excess Debt

These real-world impacts will be felt when currently unfunded liabilities need to be paid.

WSJ: Cox and Archer: Why $16 Trillion Only Hints at the True U.S. Debt

Just because Washington's Enron-like accounting ignores these liabilities doesn't mean they are any less real politically or economically.

FORBES: Fact and Comment