Research On Debt Financing Risk In Yango Group

The rapid development of the real estate industry as a whole has driven the land price to continue to rise,and the capital gap of enterprises has increased,which is in urgent need of financing.The real estate enterprises solve their capital needs mainly through debt financing.But debt financing is a double-edged sword: on the one hand,debt financing can solve the capital needs of enterprises in a short time,and does not affect the equity structure of enterprises;On the other hand,excessive debt financing will bring greater financial risks to enterprises.Therefore,when using debt financing,real estate enterprises should be able to identify and prevent their own debt financing risks in a timely manner to avoid the negative impact of debt financing on enterprises.First of all,this paper describes the development of real estate enterprises in recent years,as well as the debt crisis in Yan Go Group,introduces the significance of the paper,and summarizes the research results on debt financing of real estate enterprises at home and abroad.Secondly,it introduces the concepts of debt financing and debt financing risk,as well as the debt financing methods commonly used by enterprises,and the relevant theoretical basis.Thirdly,the representative of the radical expansion real estate enterprise,Yan Go Group,is selected as the research object,which briefly introduces the development process of Yan Go Group and the causes and consequences of the debt crisis,and analyzes the current financial situation and debt financing status of the company.After that,the risk of debt Financing of Yan Go Group was identified,and the risk of debt Financing was quantitatively analyzed by using the fuzzy comprehensive evaluation method to find out the causes of debt Financing risk,which mainly included the radical business strategy,the existence of a large number of hidden debts,poor profitability and unreasonable term structure allocation.Finally,based on the risk causes of debt Financing of Yan Go Group,suggestions are made for its risk prevention: choose a sound business strategy,control the real debt level,enhance the debt payment ability and optimize the debt maturity structure.