Based On The "Crisis Rate" Evaluation Of Short-term Solvency Of Listed Company

With the social development and gradually improving China's financial system, corporate short-term liquidity analysis becomes an important part of financial analysis. In particular, the new accounting standards in 2007, "balance sheet view" of the proposed analysis of short-term solvency of enterprises pointed out the direction. However, the existing short-term solvency indicators witch is insufficient and defective, is not well adapted to the new situation, financial analysis requirements. Based on the analysis of indicators witch has been less than the short-term debt and based on the existing indicators were revised and added to enhance the evaluation capacity of existing indicators. Short-term solvency analysis, not simply one-sided to be evaluated according to short-term liquidity indicators, corporate profitability, operating capabilities, the ability to grow on short-term solvency indicators have an impact, and has a certain degree of relevance, for this reason that the article in the original evaluation system for the introduction of a "crisis rate" target. "Crisis rate" uses principal component analysis model and Logistic regression model combining method. First, principal component analysis method of the indicators of the complexity of data and carry out a large number of reduced dimension processing, then use the Logistic model to calculate the final result. Financial analysis, often use 2 and 1 current ratio and quick ratio as the standard value, but in different sectors, industry characteristics and the environment in which different standards of financial ratios also vary. As the accounting standards and human factors, standard values can not be a fixed number, it should be an interval. In this paper, time parameters of the method used to calculate the weighted average flow rate and speed of the machinery industry standard interval ratio.Coefficient and the standard range of indicators of the crisis posed a new short-term solvency. Articles by mechanical manufacturing, for example, the new evaluation system of indicators for analytical capacity have been verified.