PWA_optionoff

Balance Sheet (Liquidity Arrangement Model with Option Adjustment)

B: O: T1: T2:

Debit

Current Assets: -

Fixed Assets: -

Credit

Current Liabilities: -

Capital: -

Key Indicators (Ratios)

Indicator	Formula	Value
Current Ratio	Current Liabilities / Current Assets	-
Fixed Ratio	Current Assets / Fixed Assets	-
Fixed Long-term Ratio	Current Liabilities / Fixed Assets	-

① Explanation A ② Explanation B ③ Explanation C

Explanation A (Seizure and Liquidity)
When there are multiple creditors, seized claims are generally distributed equally.
However, if this is strictly followed 100%, transactions may stop and liquidity may be lost.
To ensure liquidity, it is necessary to set a reasonable standard and provide a certain margin (option).
This model visualizes the mechanism that enhances exchange capacity through this adjustment.

Explanation B (Zero-sum Nature)
Option adjustments have the aspect of "one's gain = another's loss".
This model does not deny this reality, but explicitly expresses the bargaining for liquidity assurance as a balance sheet structure.

Explanation C (Meaning of Ratios)
By viewing the debit side as current assets and the credit side as current liabilities, the following ratios are obtained:

• Current Ratio = Current Liabilities / Current Assets
• Fixed Ratio = Current Assets / Fixed Assets
• Fixed Long-term Ratio = Current Liabilities / Fixed Assets

These are indicators that evaluate financial structure and liquidity soundness.