Can someone please help me to understand how paying off a loan and reducing PPE can affect shareholders?

All I know is that if loans are paid of then the net profit will decrease which will cause an decrease in the dividend paid per share. But what other effects are there? In terms of liquidity would the firm be more liquid as there is now less liability?, but wouldn't that be countered by the bank decrease? How will PPE affect the shareholder? Decreasing PPE will cause increase cash and cash equivalents but how will that affect the shareholder?

Submitted May 10, 2016 at 06:59PM by godvind http://ift.tt/1qcqkb7