上市饲料公司偿债能力及现金控制能力分析

AN ANALYSIS ON DEBT PAYING AND CASH CONTROL ABILITY OF LISTED FEED COMPANIES IN CHINA

以7家上市饲料公司2011—2016年在互联网上公布的财务报告中的资产负债表、现金流量表和利润表中的数据为基础,进行计算及分配相应的权重组合之后,分别作为研究公司的公司偿债能力指标和现金控制能力指标。研究发现:饲料上市企业的偿债能力在近6年有增加的趋势,处于31. 24%—61. 45%期间,整体相对较低,最高的企业为唐人神,其次为新希望,最低的是正邦科技;饲料上市企业的现金控制能力近6年有逐渐减小的趋势,由2011年的109. 34%降低到2016年的83. 48%,最高的企业为康达尔,其次为唐人神,最低的是天康生物。

Based on the data selected from the financial reports （2011 -2016） of seven listed feed companies, i.e. the balance sheet, income statement and cash flow statement, the research makes weight combination and calculation for the indices of debt paying and cash control ability. The research findings reveal that debt paying ability of the above companies has improved over the last six years, with the index of 31.24% - 61.45%. However, such an index of debt paying ability is still relatively low, among which the highest is Tang Ren Shen, and the second is New Hope, and the lowest is Zheng Bang Technology. The index of cash control ability has decreased in the last six years, from 109.34% in 2011 to $ 83.48% in 2016, among which the highest is Kondarl, the second is Tang Ren Shen, and the lowest is Tian Kang Biotechnology.