Analysis Of Financial Payment Risk Of Enterprises

At this stage, China is faced with such a problem in the fast developing industry. That is, if the land is the king, grab the advantageous resources first and then make it stronger after it is bigger.

Excessive pursuit of the rapid development of enterprises and the use of development to cover up the crisis is a common strategy for the development of Chinese enterprises. This strategy often leads to a high proportion of debt funds in the capital structure, resulting in heavy financial burden and insufficient solvency.

Compared with the risk of high debt, the risk of contingent liability is more hidden and the potential risk to enterprises is greater.

Typical performance is enterprise.

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Some enterprises have large external guarantee, long term, or even without approval and approval. The directors and managers guarantee others without authorization in the name of the company, which brings greater risks to enterprises.

Most enterprises do not guarantee the management of the guarantee, nor do they disclose them in accordance with the system standard. If the guarantee object fails to pay the debt, the contingent liability of the guarantee enterprise will be pformed into liabilities, and the sudden debt burden may lead to it.

Nervous or even insolvent, inducing the financial risk of enterprises.

At the same time, for group companies, the members of the group have independent legal person qualifications, can have independent loan relationship and borrow all their own assets as loans.

Group companies can not provide unified credit.

At the same time, group members often have the phenomenon of mutual insurance, misappropriation and loan. The result is that the total amount of group financing is excessive, which exceeds the overall risk tolerance of the group.

Once a debt is out of control in related enterprises, it is easy to trigger the overall linkage risk of the group.

Capital structure, also known as capital structure, refers to the composition and proportions of all kinds of funds in enterprises.

Capital structure is divided into broad sense and narrow sense.

The narrow sense of capital structure refers to the long-term capital structure; the generalized capital structure refers to the structure of all funds, including long-term funds and short-term funds.

In the course of investment, we should consider the matching of short-term assets and short-term liabilities, long-term investment and long-term liabilities. If there is a lack of unified planning, it will lead to irrational allocation of capital structure.

If we consider less capital structure and financial risk, we will not only cause higher financial costs but also increase the risk of repayment.

For example, Delong, Delong invested too many long-term projects, and short and medium term project investment is too small, and 2 years to do 10 years of business, will only exacerbate the tension of the capital chain, contrary to the basic principles of diversified structure - industry complementarity, risk diversification and sound operation.