Research On Capital Structure Optimization Of HXSX Household Appliances

The capital structure of household appliance enterprises is influenced by the nature of business,and the current liabilities account for a relatively high proportion.At the same time,home appliance company at the time of release new technology-based products,need to spend a lot of money for professional and technical development,product design,to form core competitive power of science and technology,in the short term,followed by the development of the process requires a lot of money,easy to cause the present situation of the capital structure of bad,bring certain threat to the development of enterprises.This thesis mainly HXSX as the research object,in understanding enterprise on the basis of the basic situation,use of the existing public data,analysis HXSX company’s capital structure,between HXSX show excellent home appliance enterprises with the industry to the comparison of capital structure,through comparative analysis,to its capital structure,summarized the problems of thinking,is a the asset-liability ratio is low,Second,the debt structure is unreasonable,and the current debt is seriously on the high side;third,the financing method is single;fourth,the equity structure is unreasonable;fifth,the financial leverage effect is insufficient.This thesis analyzes the causes of the problems from both internal and external aspects,and sorts out the strategies suitable for the optimization of the company’s capital structure,including: improving the debt structure by optimizing the proportion of external financing and reducing the short-term debt ratio;Adopt diversified financing methods;Make full use of financial leverage under the premise of controllable risk;Improve corporate governance,weaken the risk of high concentration of equity;Establish good cooperation mode with financial institutions.It is very necessary to adjust and optimize the capital structure of enterprises with appropriate methods,improve the stability and rationality of enterprise capital,reduce enterprise cost and protect enterprise value.