企业偿债能力分析——以云南云天化股份有限公司为例

XCLW51614  企业偿债能力分析——以云南云天化股份有限公司为例  (字数：11340)

摘要

随着我国社会主义市场经济体制的建立，企业所面临的外部的环境与内部的环境越来越复杂，目前很多的企业都存在向外部筹集资金的方式来进行经营，外部资金不仅可以解决企业所面临的现金紧缺的问题，而且可以产生财务杠杆效应，为企业创造更多的价值,但是企业负债经营也存在着一定风险，例如长期偿债能力中的资产负债率偏高，短期偿债能力中的流动比率、速动比率、营运资本过高或者过低导致企业债务负担过重、偿债困难等等，银行与企业以及企业与企业之间互相拖欠借款，应收账款收不回，应付账款付不出等等现象。所以，企业的偿债能力的强弱直接影响了企业持续经营，是企业相关利益者最关心的财务指标之一，是衡量企业财务管理的核心内容，也是企业财务分析的一个重要方面，因此，对企业的还款能力的分析对企业而言是很重要的。本文主要通过对云天化股份有限公司的短期偿债能力指标分析和长期偿债能力指标分析，发现其中所存在财务方面存在的一些问题，从而提出相应的建议。

关键词: 企业偿债能力分析；短期偿债能力；长期偿债能力

Abstract

With the establishment of China's socialist market economy system, the external and internal environment that enterprises are facing is becoming more and more complex. At present, many enterprises have the way to raise funds from the outside to operate. The external funds can not only solve the problem of cash shortage that enterprises are facing, but also produce the financial leverage effect, and create more value for enterprises. However, the external funds can not only solve the problem of cash shortage, but also produce the financial leverage effect. There are also some risks in debt operation of enterprises, such as high asset liability ratio in long-term debt paying ability, high or low current ratio, quick ratio and working capital in short-term debt paying ability, which lead to heavy debt burden and debt paying difficulties of enterprises, etc., banks and enterprises, and enterprises and enterprises owe loans to each other, accounts receivable cannot be collected and accounts payable cannot be paid, etc. And so on. Therefore, the solvency of an enterprise directly affects the sustainable operation of an enterprise, which is one of the financial indicators most concerned by the relevant stakeholders of an enterprise, the core content of measuring the financial management of an enterprise, and an important aspect of the financial analysis of an enterprise. Therefore, the analysis of the repayment ability of an enterprise is very important for an enterprise. Through the analysis of short-term solvency index and long-term solvency index of Yuntianhua Co., Ltd., this paper finds some financial problems and puts forward corresponding suggestions.

Key words: corporate solvency analysis; short-term solvency; long-term solvency

目录

目录1

一、前言2

二、国内外关于偿债能力的研究2

（一）国外研究状况2

（二）国内研究状况2

（三）本文分析的出发角度3

三、云天化股份有限公司偿债能力分析3

（一）云天化股份有限公司简介3

（二）短期偿债能力的分析3

（三）长期偿债能力分析6

（四）偿债能力同行业数据分析7

四、云天化股份有限公司偿债能力存在的问题8

（一）短期偿债能力存在的问题8

（二）长期偿债能力存在的问题10

五、提高比云天化股份有限公司偿债能力的建议12

（一）提高偿债能力的建议-资产类项目12

（二）提高偿债能力的建议-负债类项目13

参考文献16