The DT Power Enterprise Debt Risk Control Research

The power industry is a pillar industry of the national economy.Debt management is one of the common forms of external expansion for power companies.However,blindly expanding the debt scale often ignores the resulting debt risks.Therefore,there is a certain degree of research on the debt management risks of the power industry.The practical significance of.With the continuous tightening of national supply-side reform policies,the internal and external economic environment of the power industry has been greatly impacted,especially for large state-owned enterprises such as DT Power,which is mainly thermal power generation,in the increasingly fierce market competition It exposed its problems in debt fund supervision,debt financing structure,debt fund utilization rate and debt scale.It can be seen that the management of debt funds,reasonable planning of financing structure,effective use of debt funds and proper control of the scale of debt financing of power companies are particularly important.In this paper,large state-owned enterprises DT electric power as a case study,in the country comprehensive implementation of supply-side reform of the new economic environment in the context of debt risk prevention and control.First of all,through constructing the debt risk evaluation system under the COSO risk framework,we select the financial indicators to evaluate the current situation of DT electric power debt management,from the four dimensions of debt capital management,debt financing structure,debt capital turnover and debt cost scale,this paper evaluates and analyzes the present situation of debt risk of the enterprise,and obtains the evaluation results of each dimension.Secondly,according to the evaluation results,the causes of DT debt risk are analyzed from different dimensions,and based on this,standardized solutions and specific measures to strengthen debt risk prevention and control are put forward.And finally,by means of information platform to improve enterprise organization structure,optimize strategic deployment to standardize debt risk early warning system,implement performance evaluation to ensure the implementation of debt risk system and using “Internet of things” to promote the transformation and upgrading of products to ensure the smooth implementation of debt risk prevention and control strategy.This paper is the first to use the COSO risk framework to evaluate and analyze the debt risk of DT electric power.The proposed debt risk prevention and control measures can provide specific and effective reference for DT electric power management and various functional departments,at the same time,it is expected to provide experience for electric power enterprises to control debt risk.