overcapitalisation

• 名词，指企业发行的股票或筹集的资本超过了其实际价值或盈利潜力所合理支撑的水平，即资本过剩、股本过大的状况。

A noun referring to a situation in business where a company has issued more stock or raised more capital than its actual value or earning potential justifies.

不可数

1. Excessive capitalC1formalbusiness

   A situation where a company has raised more capital through the sale of stocks or bonds than its operations or assets justify, often leading to reduced returns on investment.

   过度资本化

   • The company's overcapitalisation led to lower earnings per share for investors.
   • Analysts warned that the startup's overcapitalisation could dilute shareholder value.
   • Overcapitalisation often occurs when a firm issues too many shares relative to its earning potential.