【正文】 關(guān)于太原重工股份有限公司償債能力分析的探討 I摘 要 在 全球經(jīng)濟(jì)一體化和現(xiàn)代信用經(jīng)濟(jì)的 條件下 ，舉債經(jīng)營(yíng)已成為現(xiàn)代企業(yè)重要的融資手段和策略。 企業(yè)想要立于不敗之地，就必須有足夠的資金，而為了籌集資金，負(fù)債經(jīng)營(yíng)是每個(gè)企業(yè)都必不可免的一條路。 舉債經(jīng)營(yíng)的合理運(yùn)用，能夠給企業(yè)帶來(lái)財(cái)務(wù)杠桿效益，有效地提高股東權(quán)益報(bào)酬率，但與此同時(shí)，債務(wù)也會(huì)給企業(yè)帶來(lái) 巨大 的財(cái)務(wù)風(fēng)險(xiǎn)，甚或破產(chǎn)的風(fēng)險(xiǎn)。 因此， 在投資之前，對(duì)企業(yè)償債能力進(jìn)行 合理的分析，是企業(yè)預(yù)測(cè)風(fēng)險(xiǎn)、保護(hù)企業(yè)利益的一種有效方法。 本文 以太原重工股份有限公司 2021 年 2021 年的財(cái)務(wù)信息為例， 運(yùn)用比率分析的方法， 分析該公 司償債能力的強(qiáng)弱， 分 為 短期償債能力分析和長(zhǎng)期償債能力分析兩大部分 ， 其中 結(jié)合 流動(dòng)比率、速動(dòng)比率、現(xiàn)金流量比率、資產(chǎn)負(fù)債率、股東權(quán)益比率等指標(biāo) ， 對(duì)該上市公司的債務(wù)狀況能力進(jìn)行 分析 及提出合理的建議 。 關(guān)鍵詞 ： 太原重工 ； 償債能力分析 ； 影響因素 ； 資產(chǎn)負(fù)債表 關(guān)于太原重工股份有限公司償債能力分析的探討 II Abstract As the global economic integration and modern credit the development of the economy ,Debt management has bee a modern enterprise significant financial means and strategy . Enterprise wants to be the winner, they must have enough fund. For raising fund, liabilities for operation is a inevitable way for each management of the reasonable application ,Can brings to the enterprise financial leverage benefits , Effectively improve the equity return rate of shareholders， at the same time ,Potential financial risks of debt will be brought to the enterprise， Or bankruptcy .Before the investment, to analysis enterprise debt paying ability ,is an effective way for enterprises to predict risk and protect the business interests. In this article, for example the financial information of Taiyuan heavy industry Company between 2021 and 2021, Use ratio based method to analyze the ability to pay off debts of this pany. It divide into two big parts, which include shortterm debt paying ability analysis and shortterm debt paying ability analysis. Among of these, bination with indexes, such as current ratio, quick ratio and some other ratios involve cash flow, debttoassets, stockholders39。 equity and so on. Then, analyze the debt situations and abilities of this listed pany and give some reasonable advices. Key words: Taiyuan Heavy Industrial 。debtpaying ability analysis 。 influence factors。 Balance sheet 關(guān)于太原重工股份有限公司償債能力分析的探討 III 目 錄 摘 要 ........................................................................................................................................... I Abstract.......................................................................................................................................II 目 錄 III 緒 論 .......................................................................................................................................... 1 1 償債能力的概述 ..................................................................................................................... 2 償債能力的概念和內(nèi)容 .............................................................................................. 2 償債能力分析的目的、必要性 .................................................................................. 2 償債能力的主要因素 .................................................................................................. 2 影響短期償債能力的主要因素 ........................................................................ 2 影響長(zhǎng)期 償債能力的主要因素 ........................................................................ 3 太原重工股份有限公司簡(jiǎn)介 ...................................................................................... 4 2 太原重工股份有限公司償債能力分析 ................................................................................. 5 短期償債能力分析及影響 因素 .................................................................................. 5 短期償債能力分析 ............................................................................................ 5 短期償債能力分析的影響因素及結(jié)果 ............................................................ 8 長(zhǎng)期償債能力分析 及影響因素 .................................................................................. 9 長(zhǎng)期償債能力分析 ............................................................................................ 9 長(zhǎng)期償債能力分析的影響因素及結(jié)果 .......................................................... 12 3 加強(qiáng)太原重工股份有限公司償債能力的建議 ................................................................... 14 加強(qiáng)短期償債能力的建議 ........................................................................................ 14 加快應(yīng)收賬款和存貨的周轉(zhuǎn) .......................................................................... 14 提高現(xiàn)金流量水平 .......................................................................................... 15 制定合理的償債計(jì)劃 ...................................................................................... 15 加強(qiáng)長(zhǎng)期償債能力的建議 ........................................................................................ 15 優(yōu)化資本結(jié)構(gòu) .................................................................................................. 15 提高盈利能力 .................................................................................................. 16 加強(qiáng)管理層的素質(zhì)及能力 .............................................................................. 16 結(jié) 論 ........................................................................................................................................ 17 關(guān)于太原重工股份有限公司償債能力分析的探討 IV 致 謝 ........................................................................................................................................ 18 參考文獻(xiàn) .................................................................................................................................. 19 Appendix .................................................................................................................................. 20 附 錄 ......................................................................................................................................