Financial Risk Identification And Evaluation Of A Gas Company

Industrial gas is the basic raw material of modern industry,widely used in metallurgy,steel,petroleum,chemical industry,electronics,medical and other basic industries of national economy,which plays a strategic leading role in the development of national economy.However,due to the late development of industrial gas industry in China,low industry concentration,urgent market integration,serious product homogenization,strong bargaining power of customers,high requirements for environmental protection and safety,the sales revenue of various enterprises in the industry fluctuates greatly,the cost keeps rising,and the profits are severely squeezed.Many enterprises have been merged or even closed down,and gas enterprises are facing a large number of problems Financial risk.Therefore,the management of the enterprise needs to carry out the financial risk management and control scientifically and reasonably,so as to effectively reduce the financial risk faced by the enterprise.Based on the theory of financial risk management at home and abroad,this paper combines the financial statement index analysis and analytic hierarchy process(AHP)to analyze the financial risk of A Gas Company.First of all,the financial risk of A Gas Company is preliminarily identified from four aspects of financing activities,investment activities,fund recovery activities and cash flow activities by using the financial statement index analysis method combined with industry data.At the same time,in order to understand the risks faced by A Gas Company more comprehensively and objectively,the risk analysis of external environment is added.Then,the analytic hierarchy process is used to construct establish financial risk evaluation model,and calculate the comprehensive score of the financial risk of A Gas Company after standardizing the financial indicators of A Gas Company by combining the efficiency coefficient,so as to measure and evaluate the financial risk of A Gas Company.Finally,put forward preventive control measures for the financial risk analyzed above,so as to reduce the possibility of financial risk of the company and promote the healthy development of the company.It is found that A Gas Company is not running well as a whole and many financial indicators are abnormal.The main problems are single financing method,weak profitability,heavy debt repayment pressure,unstable cash flow,which will undoubtedly affect the sustainable development of the company.Therefore,combined with the cause analysis and field investigation of these financial risks,the author thinks that the financial risk management and control strategies of A Gas Company can be put forward from the three aspects of capital end,sales end and personnel end.At the capital end,A Gas Company should optimize the debt structure,activate its own assets,and strengthen the cash flow management.At the sales end,it should strengthen the sales team management and accounts receivable management.At the personnel end,it should strengthen the financial risk management awareness from top to bottom.This paper hopes to effectively help A Gas Company avoid financial risks and improve its core competitiveness and development ability.At the same time,it can also provide reference for the enterprise management of the same industry in Sichuan.