The Correlation Of Working Capital Management And Debt Maturity Structure

As the enterprise capital cost, working capital contains trading financial assets and accounts receivables, while long-term debt and short-term debt are the resource of enterprise capital, so there must be some relationship between them. The scale and structure of working capital must have effect on the debt maturity. This paper tries to find the correlation between working capital and debt maturity by the multivariate linear regression analysis, and then made own proposals in order to improve the working capital management and the debt maturity of enterprise.At first, this paper reviews the debt maturity and foreign factors in the study on the issue of the relevant literature and research, on this basis, introducing working capital management and corporate debt maturity theory. Later, builds model from the perspective of the working capital management and selects variables based on earlier studies. Subsequently, choosing all manufacturing listed companies in 2009 as sample data, using SPSS statistical software for analysis. Been conducted descriptive statistical analysis and regression analysis. Then interpret the results of the analysis, and assumptions compared. Finally, based on empirical findings of the study, combined with the actual situation of domestic manufacturing companies, made own proposals in order to improve the working capital management and the debt maturity of listed companies in China, and pointed out the limitations of this study.