现代企业负债经营及偿债能力的分析

An Analysis of the Operation in Debt and the Repayment Ability of Modern Enterprises

该文就企业是否负债经营 ,以及如何保持合理的负债规模与偿债能力进行了详细论述。首先阐明了负债对企业经营具有的重要意义 ,以及企业在举债时要遵循适度原则 ;其次 ,通过如何优化资本结构 ,同时结合财务杠杆率指标综合分析了企业的负债规模 ;最后 ,运用财务指标体系 ,对企业的长、短期偿债能力进行了分析。说明企业负债经营应保持合理的负债规模 ,最大限度地发挥资金的使用效益 ,实现企业价值最大化 ,并保有一定的偿债能力 。

The article elaborates on whether a modern enterprise needs to operate in debt and how to keep a reasonable debt scale and repayment ability. Indebtedness is significant for enterprise operation, but the rule of keeping appropriate level should be observed when raising loan. The article analyzes the debt scale of an enterprise through studying the optimization of capital structure and the financial level degree of the enterprise. The article also analyzes the long term and the short term repayment ability of an enterprise based on its financial target system. The article concludes that debt scale should be kept at a reasonable level when an enterprise operates in debt. The article explains how an enterprise can maximize its capital utilization efficiency and its value while maintaining a certain level of repayment ability so that the enterprise will not lose in market competition.