上市公司偿债能力分析—以美的集团为例.docVIP

- 上市公司偿债能力分析—以美的集团为例 摘要 目前，各公司为了争取最大化的市场份额，不断的加强产品创新和宣传的力度，加强了众多企业对资金的迫切需求，不得不向外举债。一个公司如果有极其高的资产负债率，表明了其偿债能力很弱。据了解，家电行业面临着高达60%的资产负债率，这将意味着该行业的公司不得不面对十分严峻的财务风险。但是，一个公司如果想更好、更快地发展，仅靠公司有限的自有资金很难实现，存在一些合理范围的负债，是十分必要的。由此可见，及时对公司偿债能力进行分析很重要。 美的集团是国内电器行业的龙头企业，其生产基地遍布国内外。美的成功的背后也隐藏着巨大的财务风险，美的集团无论是技术还是销量都走在了行业的前列，同样走在前列的还有其财务经营状况，因此它的财务状况具有代表性，也更值得我们研究。该论文将以2015-2017年美的集团的财务数据为参考，对其进行时间跨度上的偿债债能力分析；以及在2017年同一时间，将美的集团和同一行业的海尔公司和格力集团做对比，运用各项短期偿债能力分析比率和长期偿债能力分析比率，确保可以全面的、客观的、多角度的对美的集团进行有效的偿债解析。 关键词：美的集团 长期偿债能力 短期偿债能力 利息保障倍数 Abstract At present, in order to maximize the market share, companies continue to strengthen product innovation and publicity efforts, so that they have an urgent need for capital, have to borrow money. If a company has extremely high asset-liability ratio, its solvency is very weak. It is understood that the household appliance industry is facing up to 60% of the asset-liability ratio, which will mean that the industrys companies have to face very serious financial risks. However, if a company wants to achieve better and faster development, it is difficult to achieve only by relying on the companys limited self-owned funds, and it is necessary to have some reasonable liabilities. Therefore, it is important to analyze the companys solvency in a timely manner. Midea group is in the forefront of the industry in terms of both technology and sales volume, as well as its financial operation status. Therefore, its financial status is representative and more worthy of our study.The paper will be of midea group in 2015-2017 financial data for reference, the time span to repay debt ability analysis, and in 2017, at the same time, haier company of midea group and the same industry and gree group compare, use the ratio of short-term debt paying ability analysis and long-term solvency ratio analysis, make sure can be comprehensive. Keywords: Midea Group, long-term solvency, short-term solvency, interest coverage 目录 TOC \o 1-3 \h \z \u 前言 1 1 偿债能力的相关叙述 2 1.