Research On Deleveraging Of Coal Enterprises Based On Company X

Since the founding of the People’s Republic of China,in order to meet the needs of national economic construction,China’s economic construction has been carried out on a large scale.Along with this is the large-scale demand for industrial raw materials such as energy and resources,especially steel and coal.The large-scale need for industrial raw materials such as steel ultimately affects the demand for coal,and the development of the coal industry has set off a boom.Since the reform and opening up,in order to meet the economic development of the Southeast Coast Special Economic Zone,coastal open cities and other regions,the country has increased its efforts in coal mining,thus laying a huge scale for China’s coal industry.Since the financial subprime crisis in 2008,due to the slow impact of global economic growth,China’s economic development has gradually faced the test of industrial restructuring.Since the 18 th National Congress of the Communist Party of China,due to the reduction of market demand and the relative overcapacity of the industry,reducing production capacity,deleveraging,increasing the adjustment of traditional industrial structure,and promoting supply-side structural reform have become important issues facing the Chinese economy.At present,there is more research on capacity reduction in the coal industry,but less research on deleveraging in the coal industry.In fact,in addition to the significance of reducing total social supply,a series of measures such as capacity reduction,income increase,cost reduction,and efficiency increase are all assistance and promotion for coal companies to reduce leverage,so as not to affect energy supply and ensure On the basis of the effective and stable operation of coal enterprises,China’s industrial structure adjustment is promoted,and eventually the national economy continues to grow in a healthy and orderly manner.The so-called financial leverage refers to the effect of putting the raised funds into daily operations to maintain the normal operation of the enterprise and promote the development of the enterprise.Any enterprise will borrow leverage.Appropriate leverage can provide funds for enterprises to promote their development.Conversely,excessive leverage will increase the instability of the enterprise,easily lead to financial risks,and is not conducive to enterprise development.Since the financial subprime crisis in 2008,the debt ratio of many basic industries in China has increased to varying degrees,which has brought greater financial risks to the enterprises themselves and their industries.For relatively high problems,this article uses a variety of methods to study the financial situation of the coal industry,and provides some ideas for resolving the financial risks of the industry.First of all,this article uses the literature research method,consults relevant materials,understands and studies the general situation of corporate financial leverage,and the level of financial leverage of key industries,understands the practices of some industries when facing financial risks,and does research for the leverage level of coal enterprises.Some theoretical preparation.Secondly,the main research of this article is the coal industry.The research shows that coal companies have expanded rapidly and large-scale,especially in the past few years,there are many private coal mines,with large production capacity and rapid growth,and the demand of the entire industry is certain.In addition,the price of coal has fallen more seriously in recent years,so some problems have arisen.Finally,this article collects and collates the data of 27 coal companies that were listed in China’s coal industry from 2008 to 2018.Through analysis of these companies,the situation is small,the whole industry is speculated,and then some suggestions are provided for reference.