Study On Financial Risk Early Warning Of Xitanxincai Company Based On Efficacy Coefficient Method

With the increasing complexity of the external economic environment,the company will face more risks and challenges,financial risk is one of the important part,should cause every company managers attention.Due to the objectivity and loss of financial risk,the company should face up to its own financial situation,identify,evaluate and control the financial risk factors that may affect the company's operations and take effective measures to prevent and circumvent,otherwise it may lead to financial crisis.The reason is that the company is in a critical period of transition,the industry downturn and the immaturity of the new industry,will make the company in the financial aspects of the existence of many problems,resulting in a certain The financial risk.And the company was issued in 2014 and 2015 can not express the views of the audit report,while the implementation of the "delisting risk warning" to deal with,so the company's financial risk early warning research has its practical significance.Based on the method of literature research,case analysis,comparative analysis and qualitative and quantitative methods,this paper studies financial risk early warning based on financial risk,financial risk early warning and function coefficient theory.First of all,introduced the overall situation of the company,and then from the company to operate the external and internal environment to be analyzed in two aspects.Construction of Financial Risk Early Warning Model Based on Efficacy Coefficient Method.The traditional function coefficient method in the evaluation of the standard coefficient and the basis of points,adjust the points were improved to make it more accurate calculation.Followed by the research on the financial risk early warning of the new carbon steel company.Selected 2013,2014,2015 data for analysis.According to the principle of index selection,14 financial indexes were selected from the aspects of profitability,operation ability,solvency and development ability,and the calculation and calculation of each index were carried out.Finally,according to the results of the calculation of the index,the company found that the company has a lot of financial risk,early warning level has been in the heavy alarm stage,managers should be given enough attention.Through the above analysis,the followingrecommendations: the company should strengthen the cost control,expand the market,increase operating income,control the company's asset-liability ratio,optimize the capital structure,to determine a reasonable financing structure.And to establish and improve the financial risk assessment and early warning mechanism to monitor the company's financial situation.