Research On Financial Risk Assessment And Control Of TH Company

In recent years,with the slowdown of the global economic integration process and the structural risks of the domestic economy,my country’s economic environment has become more and more complex,and market competition has become increasingly fierce,accompanied by "green and low-carbon circular development" and "supply-side structure".With the implementation of policies such as "reform",the coal chemical industry is facing huge challenges in the process of production and operation.Increased pressure on environmental protection taxes and limited bank financing have seriously threatened the development of coal chemical companies.Financial risk is a comprehensive reflection of various risks faced by enterprises.Therefore,for the transformation and development of coal chemical enterprises,the financial risks of the enterprises must be evaluated,and corresponding financial risk control measures must be put forward through the evaluation results.This article takes the coal chemical enterprise TH Company as the research object to study its financial risk evaluation and control.First of all,on the basis of summarizing the current research status of financial risk at home and abroad,it introduces the relevant theories of financial risk,and provides basic data and theoretical basis for the analysis and research of this article.Secondly,it analyzes the financial status of TH Company from 2015 to 2019 from the three perspectives of balance sheet,income statement,and cash flow statement,and identifies financial risks from four aspects:financing risk,investment risk,operating risk,and profit distribution risk.At the same time,from the internal and external aspects of the analysis of the causes of financial risks.Thirdly,based on the results of financial risk identification,twelve financial risk evaluation indicators were selected to establish a financial risk evaluation indicator system;the entropy method was selected to determine the indicator weight;the improved efficiency coefficient method was used to analyze the financial risks of TH Company in 2015-2019 Comprehensive evaluation and judgment of TH’s financial risk level.The results show that the financial situation of TH company in the past five years is extremely unstable,there is greater volatility,and it is in a state of moderate risk in the classification of financial risk levels,and the financial risk faced by TH company is relatively severe.Finally,based on the results of financial risk evaluation and the company’s specific operating conditions,targeted financial risk control measures were proposed from the four aspects of financing,investment,operation,and income distribution,and an effective financial risk control guarantee system was established.Through the research on TH company’s financial risk evaluation and control,this paper hopes to help TH company improve its financial risk management level,reduce the possibility of its financial risk,and promote the sustainable and stable development of TH company in the future.