Research On Financial Risk Management Of Y Coal Company

In recent years,the concept of environmental protection has been deeply rooted in people’s hearts,the new energy industry has developed rapidly,and the international energy structure is also changing.The country has also introduced a green and low-carbon development policy.At the same time,the coal industry has entered a period of industry downturn after experiencing a stage of rapid development.Coal enterprises have overcapacity,Coal has seized the domestic market share,and the development of the coal industry is worrying.Under the impact of such internal and external factors,coal enterprises inevitably face financial risks.However,although clean energy is developing rapidly,the status of coal as the pillar energy of China’s national economy will not change in the short term.If coal enterprises want to achieve long-term development,they must overcome the challenges brought by the external environment and carry out efficient financial risk management based on their own actual situation.On the basis of sorting out a large number of research results on financial risk management of enterprises at home and abroad,and based on the financial risk management theory,the article analyzes the financial situation of enterprises with Y Coal Industry Co.,Ltd.as the research object,and uses the entropy TOPSIS method to evaluate and analyze the existence of financial risk management of Y Coal Company.The potential threat.First of all,it briefly introduces the enterprise profile and financial situation of Y Coal Company,and then identifies its financial risks from the four aspects of financing,investment,operation and growth risks through the enterprise’s financial statements.Secondly,select 16 financial indicators from the four aspects of financing,investment,operation and growth risk,use the entropy right method to objectively empower the indicators,and then sort the overall and partial ranking of the financial risk degree of listed companies in the industry through the TOPSIS method.At the same time,the degree of change of financial risk in the Y coal industry is sorted vertically After analyzing the financial risks of enterprises,it is concluded that Y Coal Company has problems such as a high proportion of debt,a single financing method,and a need to improve its fund management ability.Then,the cause of the financial risk of Y coal company was analyzed,and it was found that the large scale of debt of the enterprise,insufficient use of funds,inventory backlog,unreasonable capital structure,and too loose credit policy were all the causes of the financial risk of Y coal industry.Finally,according to the results of financial risk evaluation,targeted suggestions are put forward,such as diversification of financing channels,optimization of capital structure,strengthening inventory and accounts receivable management and other preventive measures to ensure that the financial risk management of Y coal company is more efficient,the healthy and sustainable development of enterprises,and also for the financial risk management of enterprises in the same industry.Reason provides a certain reference.