Research On The Financial Effects Of Debt Restructuring Of Listed Companies

In recent years,high leverage has become an important problem in China's economic development.With the continuous development of China's economy,our country listed company debt financing problem has always been the focus of state and society,also invested a lot of manpower and material resources and money,but is limited by excessive integral base of listed companies in our country,the competition fierce and the management of complicated reasons,the listed company has been failed to effectively solve the debt problem.In order to effectively relieve the debt pressure,most listed companies will choose to carry out debt restructuring to reduce the debt level and improve the financing ability.The common ways of debt restructuring include assets to compensate the debt,converting the debt into equity,modifying the debt terms and so on.Through debt restructuring,it can not only reduce the leverage level of debtors,optimize the capital structure,but also maximize the interests of creditors.Taking company A as an example,this paper analyzes the debt restructuring situation of listed companies and its impact on the financial effect.On this basis,it focuses on the implementation process of company A's debt restructuring,and analyzes the motivation of debt restructuring,debt restructuring plan,debt restructuring method,debt restructuring implementation and debt restructuring results.And analyzes the impact of A company's debt restructuring on the financial effect,focusing on exploring the financial situation,business performance of the company before and after the debt restructuring and the comparative analysis of listed companies in the same industry;On this basis,the countermeasures and suggestions to improve financial performance through debt restructuring are given.Specifically,relevant suggestions are put forward from five aspects:the improvement of operating profitability,the strengthening of financial management,the reasonable choice of debt restructuring plan,the management of optimized operating cash flow,and the improvement of enterprise product research and development,which can provide reference for promoting the financial effect of debt restructuring of listed enterprises and have certain innovation points,in order to provide reference and inspiration for the same type of listed enterprises to carry out debt restructuring.Through research and analysis,this paper summarizes the following conclusions: enterprises can improve their business performance and profit effect through debt restructuring;After the financial restructuring,the capital structure,financial capacity and shareholder wealth capacity of enterprise A have been significantly enhanced and improved,realizing the short-term and long-term financial growth effect of enterprise;Debt restructuring has A good financial effect on company A,and has A sustainable growth trend.This article innovation mainly under the background of reform based on the supply side of listed corporate debt restructuring financial effect research is not enough,researchers report in the search for more efficient and convenient way and countermeasure,to achieve through debt reorganization goal of financing performance of listed companies,listed companies can not only save the production cost,and to improve the financial situation of listed companies,has great economic and social benefits.