Question
How is "Capitalisation" different from "Capital Structure"?

Answer

Basis
Capitalisation
Capital Structure
Meaning
Capitalisation is the total amount of all longterm funds available to a company and includes undistributed profits/ retained earnings.
Capital structure is the composition or mix of different types of long-term capital whether owner's funds or borrowed funds.
Composition
It includes shares, debentures, long - term loans and free reserves.
It includes in the following pattern:
(1) Equity shares only.
(2) Both equity and preference shares.
(3) Equity and debentures.
(4) Equity, preference and debentures.
 
Determined by
It is determined by various factors like cost of capital, market conditions, trading on equity.
It is determined by earning capacity of the company.

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