| The sustainable development of national economy is inseparable from the investment of state-owned investment enterprises in production and manufacturing,infrastructure and other aspects.From the perspective of long-term development,it is very necessary for state-owned large investment enterprises to assume the burden of investment and construction,and play a decisive role in urban construction,but at the same time,the debt scale is also increasing,and risks are accumulating.Although the standard degree of operation and financing of stateowned investment companies is generally improving,and the progress of market-oriented transformation is constantly advancing,there is still a lack of financing risk system as a guarantee,which is not conducive to the sustainable development of domestic investmentoriented enterprisesIn view of this,this paper takes AB Company as the research object,introduces the company’s general situation and business situation in combination with relevant theories of financing risk assessment,analyzes the current situation of AB company’s financing risk from the perspective of solvency,profitability and anti-risk ability,and finds out the problems of AB company’s financing risk.Combined with the theory of financing results,the financing risk assessment index is selected according to the comprehensive principle,systematic principle,scientific principle and operational principle,and the financing risk assessment system is determined.Using analytic hierarchy process to determine the weight of AB company’s financing risk assessment index,using fuzzy comprehensive evaluation method to evaluate AB company’s financing risk,and then put forward countermeasures.The main conclusions are as follows:(1)AB company’s overall profit rate continues to decline and faces serious financing risk problems: the existing evaluation indicators lack of analysis of asset quality and development capabilities,and the lack of quantitative indicators of anti-risk ability.(2)Based on the comprehensiveness of evaluation indicators,asset quality and development capacity are introduced to establish a financing risk evaluation system including 5 first-level indicators such as solvency and profitability,and 25 second-level indicators such as asset-liability ratio and return on equity.In the index system,earned interest multiple,return on equity,earnings cash guarantee multiple,total asset turnover rate and operating growth rate are more important.(3)AB’s profitability,asset quality and risk resistance belong to medium risk level,its development ability belongs to low risk level,its debt paying ability belongs to high risk level,and its financing risk belongs to medium risk level.This study is expected to provide a certain reference for AB company in financing risk assessment and prevention,and also can provide a certain reference for similar companies in financing risk assessment. |
