Research On Financial Risk Management Of YZ Coal Company

With the continuous development of market economy,the uncertainty of business environment brings inevitable business risk and financial risk to enterprises.Financial risk management is the core of enterprise management.Therefore,enterprises should fully realize the importance of financial risk management in enterprise management,and actively play an important role in financial risk management according to their own actual situation,so as to better serve the development of enterprises.In recent years,due to the decline of the coal market,many coal enterprises have suffered different degrees of losses,facing the financial risks of high debt cost,overstocked inventory,low profitability,which requires managers to use scientific and effective methods to identify,evaluate and control the financial risks in the development process of enterprises,so as to ensure their long-term and healthy development.This paper takes YZ coal company as the research object,sums up the research status of financial risk management at home and abroad and the related theories of financial risk management;briefly introduces the general situation and financial situation of YZ coal company,and identifies the financial risks of YZ coal company’s financing,investment,operation and income distribution according to the law of capital movement Through identification,it is found that the large scale of debt,single financing channel,unreasonable external investment,imperfect credit system and inadequate internal cash management are all the reasons for the company’s financial risks;based on the 20 groups of quarterly financial data published by YZ coal company in 2014-2018,it is screened to reflect its profitability,solvency,operating ability,growth ability and cash flow For the 16 financial risk evaluation indexes of the company,the factor analysis method is used to build the financial risk evaluation model,evaluate and analyze it,and rank the financial risk status of the company in the whole industry in 2018,and comprehensively analyze the financial risk status of the company.The results show that:on the whole,the financial risk of the company from 2014 to 2016 is relatively high,and the financial risk in 2017 and 2018 is relatively low,but there are still risks of high debt ratio and low capital recovery rate.Therefore,according to the results of financial risk identification and evaluation in this paper,the financial risk control of the company is carried out from four aspects of financing,investment,operation and income distribution,and specific measures such as adjusting capital structure,broadening financing channels and making reasonable collection plan of accounts receivable are put forward,which can provide guarantee for the healthy development of YZ coal industry company and prevent and control the finance of coal industry company Business risk provides a reference.