Study On Financial Risk Control Of A Coal Enterprise

The development of the country and the improvement of the economy are inseparable from the development of industry.If the industry wants to develop,it must have the basic energy as the support.As the basic energy,coal has played a role in promoting the social progress and economic development of our country.But at present,as a non renewable energy,coal reserves are less and less.At the same time,the state has issued a series of policies to cut over capacity,which have a great impact on the coal industry.With the enhancement of people’s awareness of environmental protection,more and more people are required to realize the clean and efficient use of coal,which seriously restricts the development of the coal industry.The decline of coal prices threatens the survival of coal enterprises.In this case,it is very important to identify,evaluate and control the financial risk of coal enterprises.There are many methods to build financial risk evaluation model in academic circles.This paper uses the improved efficiency coefficient method to build financial risk evaluation model,which increases the traditional evaluation level from two items to five items,and adds an adjustment item to the score,which can more comprehensively and accurately reflect the financial risk degree and risk level of enterprises,and has theoretical and practical value.In this paper,first of all,select A coal enterprise as the research object,through reading domestic and foreign references,a comprehensive understanding of the relevant theory of financial risk control;Secondly,it introduces the basic situation,competitive advantage and future development of A coal enterprise,and makes an overall analysis of the financial situation of A coal enterprise from 2015 to 2019;Then,from the financing,investment,operation and cash flow four aspects of the financial data of A coal enterprise from 2015 to2019 for risk identification and analysis,to find out the possible risk factors;After that,the indexes are selected from the four aspects of solvency,operation ability,profitability and development ability,and then the weight of each index is determined by AHP and expert scoring method to construct the financial risk evaluation index system.Then the evaluation score and comprehensive evaluation score of each index are obtained by the improved efficiency coefficient method to determine the enterprise risk early warning interval.Finally,in view of the financial problems existing in enterprises,this paper puts forward reasonable financial risk control measures from four aspects of financing,investment,operation and cash flow.From the analysis results,A coal enterprise has some problems in financing,investment,operation and cash flow.At the same time,the enterprise is in the state of medium alarm in2015,light alarm in 2016,2018 and 2019,and no alarm in 2017.In view of the existing problems,this paper gives specific financial risk control measures from four aspects of financing,investment,operation and cash flow,in order to provide some suggestions for the financial risk control of A coal enterprise,and provide reference for the better and faster development of the enterprise.At the same time,it also has certain reference significance for similar enterprises.