Research On The Financial Risk Of S Enterprises Based On Financial Leverage Effect

Due to the large investment of operating capital in coal chemical enterprises,many coal chemical enterprises actively use financial leverage in their development projects.On the one hand,leverage reduces the capital pressure of enterprise operation.But too high leverage also brings greater risks to business operation and financial management.Therefore,the study of financial risk management based on leverage effect is of great significance to improve the level of financial management,prevent and avoid financial risks.S coal chemical company is a well-known coal chemical enterprise.How to strengthen financial risk management based on leverage effect is very important to promote the sustainable development of s coal chemical company.This paper takes s coal chemical company as the research object,based on the concept of financial leverage and financial risk,explains the financial leverage effect and other related theories,and comprehensively uses the literature research,F-score model analysis,case analysis,comparative analysis and other methods to identify,evaluate and prevent the financial risk of s coal chemical company based on leverage effect.This paper introduces the development situation of s coal chemical company and its financial situation based on leverage effect.Through the financial data of s coal chemical company,it analyzes its debt raising,cash flow and operation situation,and identifies and analyzes in detail the possible debt scale risk,investment risk,operation risk and capital recovery risk,The F-score model is used to evaluate the financial risk of s coal chemical company.The results show that the financing channel of s coal chemical company is single and the financing difficulty is increased;The investment decision lacks rationality and the project selection is blind;The level of financial leverage and profitability do not match.Based on the analysis results,this paper discusses the countermeasures and suggestions of financial risk prevention of s coal chemical company from four aspects: financing risk,investment risk,operation risk and sustainable development of the enterprise.In terms of financing risk,we should control the scale of liabilities reasonably;Balance the long-term and short-term debt,establish diversified financing channels to prevent financing risks.From paying attention to the national industrial policy;This paper puts forward the corresponding investment risk prevention suggestions from three aspects: standardizing the investment process,living within our means and avoiding following the trend of investment.In terms of operation,from strengthening inventory management to improving operating profit;Strengthen the management of accounts receivable and put forward the prevention suggestions of operational risk.In order to ensure the sustainable development of enterprises,we should respond to the reform of state-owned assets management system;Enhance the ability of independent research and development;Improve the awareness of risk prevention;Eliminate backward production capacity to produce profitable products;The paper puts forward countermeasures and suggestions to promote the sustainable development of enterprises from eight aspects,such as adjusting the capital structure of enterprises.The research on financial risk under leverage effect of s coal chemical company is conducive to promoting the ability of risk prevention,expanding financing channels and carrying out diversified transformation of enterprises.At the same time,it also provides corresponding theoretical basis for the research on financial management of coal chemical industry.