External financing has some correlations with net operating assets 外部融资与经营净资产之间存在一定相关性。
Changes in net operating assets can reduce the influence of financing on future earnings , but the changes do not differentiate the differences between the influences of different types of financing on future earnings 经营净资产的变化减少了融资对未来盈利的影响,但不能区别不同融资类型的影响差异。
百科解释
Net operating assets (NOA) are a business's operating assets minus its operating liabilities. NOA is calculated by reformatting the balance sheet so that operating activities are separated from financing activities.