Companies generally take into account the following factors when making decisions of capital markets:

• Stability of Sales. Relatively stable sales companies that can safely take on more debt and the burden remains higher than in companies with sales that are not stable.
• Structure of Assets. Suitable company as collateral for the loans tends to use more debt.
• Operating Leverage. Companies with fewer operating leverage has a better ability in applying financial leverage because they will have a smaller business risk.
• Growth Rate. Companies that grow rapidly should rely more on external capital.
• Profitability. Companies that have a rate of return on investment are very high using relatively little debt.
• Tax. Flowers are a burden that can become a tax deduction, and tax deduction is very valuable for companies with high tax rates.
• Control. Impact on the stock versus debt management control positions can affect the capital structure.
• The attitude of management. Because no one can prove that the capital structure will lead to higher stock prices than in other capital structure, management DAPT implement their own consideration of the appropriate capital structure.
• The attitude of lenders and donor agencies binder. Without looking at the analysis of the managers on the factors appropriate for companies leverage their own behavior and agent lenders often giving binding decisions affecting the financial structure.
• Market conditions. Bond market conditions and changes in both long and short term can provide an important sense in a company’s capital structure is optimal.
• Internal conditions of the company. Internal conditions are very influential companies have their capital structure as an example suppose a company has just conducted a research and development to really successfully and the company predicts high profits in the not long anymore.

Seeing all the above ideas give importance to the purpose of maintaining financial flexibility, as seen from the point of a long operation, it means maintaining an adequate reserve borrowing capacity.