Research On The Capital Structure Of SW Company

With the introduction of “Internet +”,the information technology industry is in the critical period of the transformation and development of traditional industries to a new generation of industries.In the development,it puts forward higher requirements for its innovation ability and growth,as the key support of the state at this stage.Emerging industries,researching enterprises in the industry,and analyzing the capital structure of enterprises is valuable.The core of modern enterprise development is capital.A reasonable capital structure can reduce the cost of capital of enterprises and standardize corporate behavior,thereby increasing the profits of enterprises and increasing market value.This paper selects the SW company in the information technology industry.It is precisely because the company has the ability to integrate the development of the two frontier areas of the automobile and the Internet.It has occupied a large share in the navigation map field in the early stage.In recent years,it has entered the unmanned driving and labor.Emerging technology industries such as intelligence.The development potential is huge.For the rapid development of enterprises,the demand and management of funds,the study of financing structure is particularly important.The article firstly uses SW company as the research object,analyzes the relevant financial indicators of the capital structure in the 2013-2017 corporate financial report,and then selects six outstanding companies,industry averages and SW companies for horizontal analysis of financial indicators.The problems in the capital structure of SW companies.Secondly,under the premise of maximizing the value of the enterprise,using the static model of the optimal capital structure to find out the value of the company's optimal capital structure static,on the basis of the environment,industry characteristics,company A series of internal and external factors such as scale,capital structure,profitability and growth have dynamically analyzed and adjusted the capital structure.According to the above analysis,combined with the current capital structure of the company,the main capital structure problems and countermeasures are proposed.This paper combines the characteristics of the enterprise to analyze it under the dynamic environment.Compared with the static analysis model,it can reflect the problems of capital structure more objectively and fairly,and conclude that the company should pay attention to the management of capital structure in the future development.Moderately strengthen the concentration of equity;increase the use of debt financing,rationally allocate financial leverage to reduce the capital cost of financing;adjust the debt structure;increase the financing channels of enterprises,diversify financing risks;enhance the profitability and risk resistance of enterprises.It has certain reference significance for the future research enterprise capital structure.