Title Based On The Sustainable Development Of Coal Listed Companies’ Financial Crisis Early Warning

Increased value of the enterprise is first expressed as a sustainable growth, corporate strategic planning to sales growth as a starting point. The need for a strategic, enterprise is often manifested in the high growth. However, the rapid growth tend to run out of the enterprise’s financial resources, making the serious financial strain or even bankruptcy Instead, businesses to grow too slowly will waste scarce resources of the enterprise, making the shrinking market share and become a victim of competition in the market. Growth is a double-edged sword. How to achieve sales targets and financial balance of policy? The sustainable growth model provides a powerful tool.In this paper, China’s coal listed companies, From a financial point of departure when rapid business growth, due to the limitations of their own financial resources, it might give a great deal of financial risk. When enterprise growth is too slow, resulting in insufficient investment, will result in the enterprise resource idle. How to prevent enterprises due to the rapid growth or slow growth caused by financial difficulties, This article presents a method based on the sustainable development of the financial crisis early warning and provide a decision-making tool for various stakeholders.In this paper, a theoretical and empirical analysis,First introduced the the Higgins sustainable growth model, Van Horn sustainable growth model and Fan Xingjian sustainable growth model assumptions and formulas.And each model for a comparative analysis and pointed out the limitations.Followed by the three models as a starting point, analysis and verification of the financial data of listed companies of China’s coal, found that lack of coal listed companies as a whole exists to cast all tendencies.Followed by sustainable growth of the coal listed companies to factor analysis, to draw some important conclusion to the financial management of listed companies of coal. Then, in line with cash flows from operations<0, net income<0, asset liability ratio>100%as the financial crisis, enterprises, sustainable growth of coal listed companies influential financial indicators in Early Warning Indicators System, using the LOGISTIC regression analysis, the establishment of a financial crisis early-warning model. And use the model to analyze the coal listed company’s financial crisis, made a number of related recommendations.