Research On Financial Risk Assessment Of Shanxi Coking Coal

The coal mining and washing industry is an important energy industry in our country.With the promotion of resource integration and energy structure adjustment in the coal industry,the internal and external competition of coal enterprises is becoming more and more intense.The development of coal enterprises is influenced by many factors,such as internal management and external economic policies,and the risks they face are various.In recent years,the coal price fluctuation,the policy pressure to adjust the structure of production capacity and the impact of the COVID-19 epidemic have caused the development of coal enterprises to face difficulties.Taking Shanxi Coking Coal Company as the research object,this paper analyzes the basic financial situation of Shanxi Coking Coal,and looks for the influencing factors of financial risks of coal enterprises from the financial and non-financial aspects.In the empirical results of influencing factors,solvency,profitability,operating ability,internal control quality,external guarantee,market share and coal price are the main influencing factors of financial risk.According to the main influencing factors to determine the indicators,build a financial risk evaluation system.The entropy-Topsis method is used to evaluate the financial risk of Shanxi Coking Coal from two aspects: vertical historical data and horizontal comparison of companies of the same size.The study found that the financial risk of Shanxi Coking Coal Company fluctuated greatly in the past ten years.Compared with the same-sized enterprises,it was found that Shanxi Coking Coal Company had obvious financial risk in the past two years.In the financial risk evaluation system,the operation index and debt repayment index have the largest weight,and inventory turnover rate,external guarantee,net sales interest rate,asset-liability ratio,market share,accounts receivable turnover rate and other indicators are the key indicators.Finally,according to the financial risks of Shanxi Coking Coal Company,the problems are analyzed from the key indicators and countermeasures are put forward.It provides reference for Shanxi Coking Coal and other coal enterprises to reduce financial risks.The paper has 21 figures,33 tables and 69 references.