企业偿债能力分析新探

The New Research on the Debt Redemption of the Enterprise

通过分析流动比率在企业偿债能力分析中存在计算数据常被扭曲的局限性,提出使用超速动比率和负债现金流量比率补充分析企业的短期偿债能力;通过批判资产负债率越低企业偿债能力越强这一认识上的误区,指出企业存在最佳偿债能力资产负债率。

Through analyzing the fact that there exists the limitation of the calculated data easy to be distorted for the liquidity ratio in evaluating the shortterm capacity of debt redemption of the enterprise, this paper suggests supplementing the analysis of the shortterm capacity of debt redemption of the enterprise by superliquidity ratio and the liquidity ratio of debt in cash; through criticizing the thought that there is misconception that the lower the debt ratio of assets is, the stronger the debt redemption capacity of the enterprise is, the paper points out that there exists an optimum debt ratio in debt redemption for the enterprise.