{"id":424,"date":"2017-06-08T00:00:00","date_gmt":"2017-06-08T00:00:00","guid":{"rendered":"https:\/\/www.lesclesdelabanque.com\/entreprise\/2017\/06\/08\/la-capacite-dautofinancement\/"},"modified":"2025-07-18T09:56:37","modified_gmt":"2025-07-18T07:56:37","slug":"la-capacite-dautofinancement","status":"publish","type":"post","link":"https:\/\/www.lesclesdelabanque.com\/entreprise\/la-capacite-dautofinancement\/","title":{"rendered":"La Capacit\u00e9 d'Autofinancement"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>La Capacit\u00e9 d'Autofinancement, aussi appel\u00e9e \"CAF\", correspond \u00e0 l'ensemble des ressources financi\u00e8res obtenues par l'activit\u00e9 professionnelle de l'entreprise et rendues disponibles afin de subvenir \u00e0 ses propres besoins financiers.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A quoi sert la Capacit\u00e9 d'autofinancement ?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><br>La Capacit\u00e9 d'Autofinancement correspond \u00e0 l'exc\u00e9dent de ressources que votre entreprise d\u00e9gage dans son activit\u00e9. Elle peut servir, si n\u00e9cessaire, \u00e0 autofinancer de nouveaux investissements, apr\u00e8s remboursements des emprunts actuels et \u00e0 venir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Enfin, s'il reste une ressource suffisante, la CAF peut \u00eatre distribu\u00e9e sous forme de dividendes aux actionnaires de l'entreprise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lorsque vous sollicitez un emprunt aupr\u00e8s de votre banque, votre conseiller comparera d'abord votre CAF avec le montant des dettes financi\u00e8res, (\u00e9ventuellement d\u00e9j\u00e0 pr\u00e9sentes dans votre compte de r\u00e9sultat), puis comparera la CAF restante avec le montant de remboursement des emprunts que vous sollicitez pour examiner la possibilit\u00e9 d'octroi.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Comment interpr\u00e9ter votre CAF ?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Toute \u00e9volution de ce ratio est une indication sur la situation financi\u00e8re de votre entreprise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Aussi, en effectuant l'op\u00e9ration \"Dettes Financi\u00e8res \/ CAF\", le r\u00e9sultat permet de conna\u00eetre le nombre d'ann\u00e9es de remboursements des emprunts en cours. Un ratio trop \u00e9lev\u00e9 (au del\u00e0 de 3 ou 4) est un signe de fragilit\u00e9 et de d\u00e9pendance ou r\u00e9partition de la CAF \u00e0 revoir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A l'inverse, un ratio trop bas peut \u00eatre un signal d'alarme pour mettre en place de nouveaux investissements si n\u00e9cessaire.<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"titleWithShadowText\">\n    <div class=\"titleWithShadowText__inner\">\n                <div class=\"titleWithShadowText__wrapper\">\n            <svg class=\"titleWithShadowText__wave titleWithShadowText__wave--verticalLeft\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"239.12 0 188.4 666.65\"> <defs><clipPath id=\"a\"><path clip-rule=\"evenodd\" d=\"M500 0v500H0V0h500z\" \/><\/clipPath><\/defs><g clip-path=\"url(#a)\" transform=\"scale(1.3333)\"><path d=\"M319.23 500h0-139.882 0V0h1.468c0 79.482 64.304 108.12 73.914 180.986h0c9.61 72.865 2.476 64.708 11.96 136.62h0c9.485 71.911 31.518 80.281 44.568 116.901h0c8.7 24.413 11.357 46.244 7.972 65.493z\" fill-rule=\"evenodd\" \/><\/g><\/svg><svg class=\"titleWithShadowText__wave titleWithShadowText__wave--verticalRight\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 289 1024\"><path d=\"M2.514 1024h286.478V0h-3.006c0 162.779-131.695 221.43-151.376 370.659-19.681 149.228-5.071 132.522-24.494 279.798C90.691 797.731 45.567 814.872 18.841 889.87 1.023 939.868-4.418 984.578 2.514 1024z\" \/><\/svg><div class=\"titleWithShadowText__textWrapper\">\n                <h2 class=\"titleWithShadowText__title\">\n                    Voir aussi                                    <\/h2>\n                                <span role=\"presentation\" class=\"titleWithShadowText__shadow\">Voir aussi<\/span>\n                                                            <\/div>\n        <\/div>\n            <\/div>\n<div role=\"presentation\" class=\"titleWithShadowText__wave 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src=\"https:\/\/www.lesclesdelabanque.com\/uploads\/2017\/06\/resultat-exercice.jpg\" alt=\"\" class=\"card__backgroundImg\" loading=\"lazy\" \/>\n        <\/picture>\n                <div class=\"card__content\">\n            <div class=\"card__metas\">\n                <div class=\"card__submetas\">\n                                        <p class=\"card__category\">Les soldes interm\u00e9diaires de gestion<\/p>\n                                    <\/div>\n            <\/div>\n            <div class=\"card__mainInformation\">\n                <h3 class=\"card__title\">\n                    <span class=\"card__title_span\">R\u00e9sultat de l&#039;exercice : que m&#039;indique vraiment cet indicateur sur mon entreprise ?<\/span>\n                <\/h3>\n                            <\/div>\n        <\/div>\n    <\/a>\n<\/article>\n        <\/div><div class=\"carousel__item\"><article class=\"card card--noBg\" data-block=\"carousel\">\n    <header class=\"card__head\">\n        <div 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class=\"card__title\">\n                    <span class=\"card__title_span\">Le r\u00e9sultat d&#039;exploitation<\/span>\n                <\/h3>\n                                <p class=\"card__article\">Le r\u00e9sultat d&#039;exploitation permet d&#039;avoir une id\u00e9e de la rentabilit\u00e9 de votre entreprise en tenant compte de tous les facteurs li\u00e9s \u00e0 la seule exploitation normale. Comment (...)<\/p>\n                            <\/div>\n        <\/div>\n    <\/a>\n<\/article>\n        <\/div><div class=\"carousel__item\"><article class=\"card card--noBg\" data-block=\"carousel\">\n    <header class=\"card__head\">\n        <div class=\"postActions\"\n     data-wp-interactive=\"cdb\/post-actions\"\n     data-wp-context=\"{&quot;id&quot;:343,&quot;url&quot;:&quot;https:\/\/www.lesclesdelabanque.com\/entreprise\/lexcedent-brut-dexploitation\/&quot;,&quot;title&quot;:&quot;L\\u0027exc\u00e9dent brut d\\u0027exploitation&quot;,&quot;thumbnail&quot;:&quot;&quot;,&quot;likes&quot;:0}\"\n     data-wp-init=\"callbacks.init\">\n    <button class=\"postActions__button\" aria-expanded=\"false\" title=\"Voir les actions\" data-wp-on--click=\"actions.toggleMenu\">\n        <svg class=\"postActions__iconMenu\" role=\"presentation\" width=\"26\" height=\"26\">\n            <use href=\"#containsMore\" \/>\n        <\/svg>\n        <span class=\"a11y-hidden\">Voir les actions<\/span>\n    <\/button>\n    <div class=\"postActions__actionsMenu\"\n         data-id=\"343\"\n         data-url=\"https:\/\/www.lesclesdelabanque.com\/entreprise\/lexcedent-brut-dexploitation\/\"\n         data-title=\"L&#039;exc\u00e9dent brut d&#039;exploitation\">\n        <ul class=\"postActions__list\">\n                        <li>\n                                <button role=\"checkbox\" aria-checked=\"false\"\n                        title=\"Aimer cet article\"\n                        class=\"postActions__action postActions__action--like\"\n                        data-wp-on--click=\"actions.like\">\n                    <span class=\"a11y-hidden\">Aimer cet article<\/span>\n                    <svg role=\"presentation\" class=\"postActions__icon postActions__icon--inactive\">\n                        <use href=\"#like\" \/>\n                    <\/svg>\n                    <svg role=\"presentation\" class=\"postActions__icon postActions__icon--active\">\n                        <use href=\"#like--full\" \/>\n                    <\/svg>\n                <\/button>\n            <\/li>\n                                    <li>\n                <button role=\"checkbox\" aria-checked=\"false\"\n                        title=\"Enregistrer cet article\"\n                        class=\"postActions__action postActions__action--bookmark\"\n                        data-wp-on--click=\"actions.bookmark\">\n                    <span class=\"a11y-hidden\">Enregistrer cet article<\/span>\n                    <svg role=\"presentation\" class=\"postActions__icon postActions__icon--inactive\" width=\"12\">\n                        <use href=\"#bookmark\" \/>\n                    <\/svg>\n                    <svg role=\"presentation\" class=\"postActions__icon postActions__icon--active\" width=\"12\">\n                        <use href=\"#bookmark--full\" \/>\n                    <\/svg>\n                <\/button>\n            <\/li>\n                                    <li>\n                <button type=\"button\"\n                        title=\"Partager cet article\"\n                        class=\"postActions__action sharePost\"\n                        aria-haspopup=\"dialog\"\n                        data-wp-on--click=\"actions.share\">\n                    <span class=\"a11y-hidden\">Partager cet article<\/span>\n                    <svg role=\"presentation\" class=\"postActions__icon\" width=\"12\">\n                        <use href=\"#share\" \/>\n                    <\/svg>\n                <\/button>\n            <\/li>\n                    <\/ul>\n    <\/div>\n<\/div>\n                        <p class=\"card__time\">&lt; 1 Min<\/p>\n            <\/header>\n    <a class=\"card__link\" href=\"https:\/\/www.lesclesdelabanque.com\/entreprise\/lexcedent-brut-dexploitation\/\">\n                <div class=\"card__content\">\n            <div class=\"card__metas\">\n                <div class=\"card__submetas\">\n                                        <p class=\"card__category\">Les soldes interm\u00e9diaires de gestion<\/p>\n                                    <\/div>\n            <\/div>\n            <div class=\"card__mainInformation\">\n                <h3 class=\"card__title\">\n                    <span class=\"card__title_span\">L&#039;exc\u00e9dent brut d&#039;exploitation<\/span>\n                <\/h3>\n                                <p class=\"card__article\">L&#039;exc\u00e9dent brut d&#039;exploitation (EBE), aussi appel\u00e9 b\u00e9n\u00e9fice brut d&#039;exploitation se d\u00e9termine en d\u00e9duisant les frais de personnel, les charges sociales, les imp\u00f4ts et taxes (...)<\/p>\n                            <\/div>\n        <\/div>\n    <\/a>\n<\/article>\n        <\/div><\/div><div class=\"navigation\"><button type=\"button\" class=\"navigation__btn navigation__btn--previous\" data-wp-on--click=\"actions.previous\" data-wp-bind--hidden=\"context.hidden\" data-wp-bind--disabled=\"context.prevDisabled\"><span class=\"a11y-hidden\">Voir plus sur la gauche<\/span><svg class=\"navigation__arrow navigation__arrow--previous\" role=\"presentation\"><use href=\"#arrow\" xlink:href=\"#arrow\" \/><\/svg><\/button><button type=\"button\" class=\"navigation__btn navigation__btn--next\" data-wp-on--click=\"actions.next\" data-wp-bind--hidden=\"context.hidden\" data-wp-bind--disabled=\"context.nextDisabled\"><span class=\"a11y-hidden\">Voir plus sur la droite<\/span><svg class=\"navigation__arrow navigation__arrow--next\" role=\"presentation\"><use href=\"#arrow\" xlink:href=\"#arrow\" \/><\/svg><\/button><\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>La Capacit\u00e9 d'Autofinancement, aussi appel\u00e9e \"CAF\", correspond \u00e0 l'ensemble des ressources financi\u00e8res obtenues par l'activit\u00e9 professionnelle de l'entreprise et rendues disponibles afin de subvenir \u00e0 ses propres besoins financiers. A quoi sert la Capacit\u00e9 d'autofinancement ? La Capacit\u00e9 d'Autofinancement correspond \u00e0 l'exc\u00e9dent de ressources que votre entreprise d\u00e9gage dans son activit\u00e9. Elle peut servir, si [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"likes":0,"views":6936,"viewed_at":"1778481957","newsletter":"0","_yoast_wpseo_primary_category":137,"footnotes":""},"categories":[79,136,130,137],"tags":[],"class_list":["post-424","post","type-post","status-publish","format-standard","hentry","category-comptabilite-fiscalite","category-lanalyse-comptable","category-la-comptabilite","category-les-soldes-intermediaires-de-gestion"],"yoast_head":"<title>La Capacit\u00e9 d&#039;Autofinancement - Les soldes interm\u00e9diaires de gestion - Les cl\u00e9s de la banque - Entreprise<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lesclesdelabanque.com\/entreprise\/la-capacite-dautofinancement\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"La Capacit\u00e9 d&#039;Autofinancement - Les soldes interm\u00e9diaires de gestion - Les cl\u00e9s de la banque - Entreprise\" \/>\n<meta property=\"og:description\" content=\"La Capacit\u00e9 d&#039;Autofinancement, aussi appel\u00e9e &quot;CAF&quot;, correspond \u00e0 l&#039;ensemble des ressources financi\u00e8res obtenues par l&#039;activit\u00e9 professionnelle de l&#039;entreprise et rendues disponibles afin de subvenir \u00e0 ses propres besoins financiers. A quoi sert la Capacit\u00e9 d&#039;autofinancement ? La Capacit\u00e9 d&#039;Autofinancement correspond \u00e0 l&#039;exc\u00e9dent de ressources que votre entreprise d\u00e9gage dans son activit\u00e9. 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