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On the causes of corporate financing and risk control strategies 河北建造师挂靠价格
paper 企业资质升级,论文 二级建造师挂靠价格,免费论文 建筑师挂靠价格,论文网 项目管理,论文下载 天津二级建造师挂靠, 招聘一级建造师挂靠,SCI发表 北京挂靠网,EI发表
Financing risk is one of the major risks facing enterprises 江苏一级建造师挂靠, financing risks can not be eliminated or avoided 北京挂靠, but s...全部
On the causes of corporate financing and risk control strategies 河北建造师挂靠价格
paper 企业资质升级,论文 二级建造师挂靠价格,免费论文 建筑师挂靠价格,论文网 项目管理,论文下载 天津二级建造师挂靠, 招聘一级建造师挂靠,SCI发表 北京挂靠网,EI发表
Financing risk is one of the major risks facing enterprises 江苏一级建造师挂靠, financing risks can not be eliminated or avoided 北京挂靠, but starting from their own business as long as you can control。
This paper analyzes the causes of corporate financing risk 安全工程师挂靠, based on the proposed corporate financing risk control strategy。
First 二级建造师挂靠网, the causes of risk financing
1 internal risk financing analysis。
(1) debt too large。
Large-scale corporate debt 二级建造师挂靠, the interest expenses increased 咨询工程师挂靠, due to lower revenue solvency or bankruptcy caused by the loss of the possibility of increases。
At the same time 中国建造师挂靠网, the higher the proportion of debt 一级建造师挂靠风险, the company's financial leverage [= EBIT ÷ (EBIT - interest)] greater shareholder returns greater magnitude of change。
Therefore 浙江二级建造师挂靠, the larger the debt 注册暖通工程师挂靠, the greater the financial risk。
(2) capital structure properly。
This refers to the total amount of venture capital and borrowed capital in the equity capital ratio of inappropriate negative impact on earnings and the formation of financial risk。
Greater the proportion of borrowed capital enterprise 高级项目管理师, the higher the debt ratio 建造师挂靠风险, the greater the financial leverage 建造师挂靠, with its greater financial risk arising。
Rational use of debt financing 安徽建造师挂靠, a good ratio between debt capital and equity capital ratio between consolidated capital for enterprises to reduce costs 高级项目管理师考试, access to financial leverage and reduced financial risk is critical。
(3) inappropriate choice of financing。 Currently in China 浙江一级建造师挂靠, where companies can select the method of financing are bank loans 一级建造师挂靠费用, issuing shares 公司资质升级, bonds 北京建造师挂靠价格, finance leases and commercial credit。
Different methods of financing at different times have their own advantages and disadvantages CPMP, if you choose not to appropriate the additional costs will increase business 浙江建造师挂靠, reduce the company's share of interest 建造师挂靠中介, affect the cash flow and the formation of financial risk。
(4) the liability of the interest rate。 The size of liabilities in the same conditions 天津建造师挂靠价格, the higher interest rate debt 项目经理, interest costs borne by companies spending more and more 北京二级建造师挂靠, the greater the risk of bankruptcy。
Meanwhile 注册环保工程师挂靠, the debt interest rate variation in returns to shareholders have a greater impact。
EBIT because under certain conditions 监理工程师挂靠, the higher interest rate debt 造价工程师挂靠, the greater the financial leverage 浙江建造师挂靠价格, the extent of the affected shareholder returns greater。
(5) credit trading strategies properly。 In modern society 公司资质挂靠, the existence of inter-enterprise wide commercial credit。
If the corporate credit rating on the exchanges is not comprehensive enough to take a longer period of collection of credit policy 天津一级建造师挂靠, will make a large number of long-term losses of accounts receivable。
Without efficient and effective collection measures 二级建造师挂靠费用, and enterprises will lack sufficient liquidity to reinvest or to repay their due debts 二级结构工程师挂靠, thereby increasing the financial risk。
(6) the maturity structure of liabilities properly。 This aspect refers to the short-term liabilities and long-term debt arrangements PMP, the other is to obtain funds to repay debt and timing。
If the debt maturity structure of the arrangement is unreasonable 北京一级建造师挂靠, for example 一级建造师挂靠价格, has long-term funds should be used to raise short-term loans 安徽建造师挂靠价格, or short-term funds 资质升级, but should be used to raise long-term loans 注册电气工程师挂靠, will increase the risk of corporate financing。
Therefore CPMP培训, borrowing debt maturity should also consider the timing and choice of mode of borrowing 北京建造师挂靠, debt repayment period so that enterprises will not result in cash flow difficulties and unable to repay maturing debt。
(7)impropersequencingfinancing。Co。二级注册建筑师挂靠, inlyforpurposesofthisrisk。Inthefinancingorder河北一级建造师挂靠,therequireddebtfinancingmustbeplacedaftertheoutstandingsharesoffinancing,andtokeeptheinterval。
Ifthereleasetime,fundingbeoutoforder,youwillinevitablyincreasetheriskoffinancing,anadverseimpactonbusiness。
(2) external risk financing analysis。
(1) operational risks。 Operational risk is the production and operation activities, the risks inherent in the direct performance of the enterprise EBIT uncertainty。
Business risk is different from the financing risk, but affect the risk of financing。 When the company fully use of equity financing, business risk is the company's total risk, entirely by the shareholders equally。
When companies use equity financing and debt financing, due to financial leverage on the expansion of the role of shareholder returns, shareholder returns will be greater volatility, the risk will be greater than the business risk, the difference is the risk of financing。
If the business properly, operating profit is insufficient to cover interest charges, is not shareholder value evaporated, and use the equity to pay interest, when the company will lose serious solvency, was forced to declare bankruptcy。
(2) the expected cash inflows and liquidity of the assets。 Debt repayment of principal and interest generally require cash, so even if corporate earnings in good condition, but its ability to repay principal and interest under the contract, but also the business's cash inflows are expected in full, timely and liquidity strength。
Cash inflows reflect the reality of solvency, liquidity of the assets reflects the potential solvency。
If the investment decision-making mistakes or credit policy too loose, not in full and timely realization of the expected cash inflows to cover the loan principal and interest due, will be facing a financial crisis。
At this point, companies can cash in order to prevent the bankruptcy of its assets。 The liquidity of various assets (liquidity) is not the same, including the most liquid cash, fixed assets, liquidity weakest。
Overall liquidity of corporate assets, that is all kinds of assets in the share of total assets, the financial risks of a great many bankruptcy is not without assets, but because their assets can not be realized in a relatively short period of time, the results can not be on time debt and bankruptcy。
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