Research On Debt Risk Of YF Company

In 2020,the world will be affected by the epidemic,and the economic development of countries in the world will be greatly challenged.In recent years,trade frictions between countries have increased,and the world market is in huge uncertainty.Among them,the aviation industry is particularly hit.First,the civil aviation market is facing a sharp decline in passengers.Suddenly reduce the risk of reduced flights,and may even suspend flights at any time;and then face the risks of different economic policies in various regions at home and abroad,and the deterioration of the capital market environment.However,in recent years,my country’s civil aviation industry has developed well,and its influence on the domestic and foreign economies has become greater and greater.The "high debt and high risk" characteristics of airlines make companies face certain debt risks.Therefore,we face debts to airlines.Risk research is also becoming more and more important.For companies,the debt risk is not only because the company cannot repay debts and interest,but the company’s operation is a cycle.By obtaining shareholder funds and external debt to invest in production and services,the cash obtained from the operation needs to pay the principal and interest as agreed upon maturity.If the company develops well,it can be invested in the next business cycle.Therefore,when analyzing corporate debt risks,we must not only pay attention to the risks of corporate debt,but also whether the business is operating normally,whether the profit level can pay debts,and whether there are cash or liquid assets in the short term to deal with short-term borrowings that are about to be paid.While conducting a vertical analysis of an enterprise,horizontal comparison must also be considered.Only by looking at the level of the enterprise in the industry can the combination of the two obtain objective and effective analysis results.This article mainly studies the debt risk of YF Airlines.First,it explains the related concepts and theoretical basis of debt risk;then,analyzes the financial reports of YF Airlines in the past five years and finds out the debt problems faced by the company;Taking risk identification,risk assessment and risk control as ideas,combined with related theories of debt financing risk management,it mainly identifies YF airlines’ debt risk factors from a financial perspective,and uses analytic hierarchy process and efficacy analysis to construct YF The airline debt risk evaluation system evaluates the company’s debt risk;finally,based on the above identification and evaluation results,combined with the company’s own operating status and industry background,it puts forward corresponding debt risk control recommendations and safeguard measures,and hopes to be able to Enterprises in the industry have a helpful role in evaluating their own debt risks.