Research On Risk Control Of Liability Management Of Hengkang Medical Group Co,LTD

In recent years,under the influence of anti-dumping in Europe and the United States,the new coronavirus epidemic,the national medical reform policy and other factors,in the context of the national supply-side structural reform,the development of medical industry has a significant impact on the health of the people,and is closely related to the life of the people,and is a hot spot of widespread concern in the society.Hengkang Medical Group Co.,LTD.(hereinafter referred to as "Hengkang Medical"),as the "first share of private hospitals" in the country,in the initial stage of listing,it kept acquiring and expanding.With the increasing scale of assets and liabilities,the debt risk also rose sharply.Hengkang Medical’s high debt operating risk is almost a common risk faced by all medical enterprises.Through the case study of Hengkang medical debt operating risk control,it not only helps enterprises to resolve the debt operating risk,but also provides a realistic reference value for other enterprises to resolve the debt operating risk.This thesis focuses on the capital structure and risk management theory as the guidance,adopts case study,literature study and quantitative analysis to study Hengkang Medical’s debt operating risk control,describes the occurrence process and control status of Hengkang Medical’s debt operating risk,and finds out the root cause of risk outbreak through systematic analysis of the main characteristics and negative impact of its debt risk.Put forward the relevant countermeasures and suggestions of debt management risk control.The research results show that the debt risk of Hengkang Medical continues to rise and is relatively high,which is mainly characterized by rapid growth of total liabilities,rapid increase of debt leverage,improper collocation of debt maturities,poor cash security ability,and adverse economic effects such as rapid increase in financial costs,excessive inefficient investment,sharp decline in market value,and restriction of continuous operation of the enterprise.This thesis analyzes the subjective and objective reasons for Hengkang Medical falling into debt management crisis from internal and external aspects,including: The internal reasons include five aspects: lack of financial risk early warning mechanism leading to loss of investment,defects in internal control,and substantial impairment of goodwill;the external reasons include two aspects:weak revenue increase of the company affected by the novel coronavirus epidemic and increased pressure on private medical enterprises caused by macro-control of national policies.Finally,countermeasures and suggestions such as improving the debt operation risk early warning system,reasonably controlling investment plans,improving internal control,improving the accuracy of goodwill accounting treatment,optimizing the debt scale and term structure,and adapting to changes in the external environment are proposed,further enriching the relevant research on the impact of risk management and control on corporate financial performance.It provides a theoretical basis for the managers of relevant industries to prevent and control the risk of debt operation.