Research On The Strategy Of Improving The Financing Ability Of Hdxy Co.,Ltd

With the development of economic globalization,the competition between chemical industry enterprises and chemical industry park enterprises is becoming increasingly fierce.Under the new normal economic development situation,we must take the road of high-quality development.Therefore,on the one hand,chemical enterprises need to change their business mode and strengthen technological innovation,on the other hand,they need to increase capital investment to carry out production transformation.However,under the dual pressure of monetary tightening of financial institutions and reduction of corporate profits,it is difficult for chemical enterprises to raise financing capacity,which has become an important measure to solve the development dilemma of chemical enterprises.This paper takes the financing capacity of hdxy Co.,Ltd.as the research object,takes the financing theory as the guidance,based on the basic situation of hdxy company,uses the financial statements from 2015 to 2017 to analyze the current situation of the company’s financing and financing ability,and uses the literature research method and expert opinion method to preliminarily design and screen the evaluation index of financing ability,and finally constructs the non-financial index,profitability,compensation Five first level evaluation indexes and 25 second level evaluation indexes are composed of debt capacity,development capacity and operation capacity.This paper uses expert opinion method and analytic hierarchy process to determine the weight of the evaluation index of financing ability,and uses fuzzy comprehensive evaluation method to quantitatively evaluate the financing ability of non-financial level.According to the financial statement data of the company in 2018,the actual value of financial indicators is calculated,and the standard value of enterprise performance evaluation 2019 compiled by the state owned assets supervision and Administration Commission of the State Council is taken as the guidance to carry out quantitative evaluation on the company’s financing ability at the financial level.The evaluation results show that: the overall financing ability score of the company is 67,belonging to the "medium" level,including 68.49 points for the non-financial financing ability and 66 points for the financial level.41 points,all of them were "medium" level.Further analysis shows that credit status,internal control,managers’ risk awareness,debt paying ability,development ability and operation ability are the main influencing factors of the company’s financing ability at the "medium" level.According to the actual situation of the company,this paper puts forward the improvement strategy of financing ability to provide financial support for the development of the company.Under the guidance of MM financing structure theory,priority financing theory and enterprise financial growth cycle theory,combined with the current situation of financing capacity of hdxy company,this paper constructs the evaluation index system of financing ability,and carries out quantitative research,which has practical significance for guiding hdxy company to improve its financing ability.As a case study,the conclusion of this paper has some limitations,but it still has important reference value for the study of the financing capacity of the same industry companies.