我国上市公司偿债能力分析——以苏泊尔电器为例-会计-毕业论文.docxVIP

PAGE PAGE I 摘要 我国的经济在不断的发展，国民生活水平不断提高，人们越来越重视生活的质量了，同时对家用电器的需求不断加大，带动了家电行业的快速发展。目前，家电行业的竞争越来越激烈，很多企业为了具有更强的竞争力，都会靠着产品创新和举债经营来扩大规模进行生产，这种现象在家电行业尤为明显，所以，分析一个企业是否具有偿债能力是十分重要，它对投资人、债务人、管理者等人具有重要的意义，同时其也关系着该企业能否持续的、健康的发展。 本文以浙江苏泊尔股份有限公司为例，以美的集团和惠而浦（中国）股份有限公司为参照对象，通过对其流动比率、速动比率、现金比率的短期偿债指标分析；以及资产负债率、股东权益比率的长期偿债能力指标来分析研究苏泊尔电器的总体偿债能力与支付能力。最后，我们发现苏泊尔电器无论是在短期偿债能力方面还是在长期偿债能力方面都过于强；同时也发现苏泊尔电器的资产结构和资本结构不够完善等问题。虽然苏泊尔电器有足够的能力偿还到期债务，但是其偿债能力过于强大，导致苏泊尔电器的资金占用比较大，资金利用率比较低，举债规模不合理，使企业失去了有利的投资机会或扩大经营的机会。所以，我们提出了合理规划该企业的举债规模，优化资本结构和资产结构等措施来提高企业整体的经营收益。 关键词：短期偿债能力；长期偿债能力；比率分析法；对比分析法 Abstract With the rapid development of the economy, the living standards of the people have been continuously improved, people pay more and more attention to the quality of life, and the demand for household appliances has been increasing, which has driven the rapid development of the home appliance industry.At present, the competition in the home appliance industry is becoming more and more fierce. In order to have stronger competitiveness, many enterprises will rely on product innovation and debt management to expand production. This phenomenon is particularly obvious in the home appliance industry. Therefore, It is very important to analyze whether a company has solvency, at the same time, it is also related to the sustainable and healthy development of the enterprise. This article takes Zhejiang Supor corporation as an example, with Midea Group and Whirlpool (China) corporation as the reference object, through the analysis of short-term debt repayment indicators of its current ratio, quick ratio, and cash ratio; and asset-liability ratio, shareholders The long-term solvency indicator of the equity ratio is used to analyze the overall solvency and ability to pay of Supor Electric.Finally, we found that Supor Electric was too strong in terms of short-term solvency and long-term solvency; it also found that Supor Electrics asset structure and capital structure were not perfect. Although Supor Electric