Research On The Debt Restructuring And The Financial Effect In S Company

With the continuous development of market economy,the competition between the listed company become more intense, as a result it has increased the risk of the listed companies. Many listed companies are unable to stand out of the fierce competition in the financial crisis, eventually it led to the risk of the debt restructuring. With analysed the perspective of the owner’s equity and debt,it mainly make the enterprise develop into normal from optimizing the allocation of resources.The purpose of debt restructuring are playing the role of financial leverage under the condition of reasonable debt scale.In order to achieve the effect of capital appreciation,it has improved the company’s economic benefit. In terms of S listed companies, it cause the company’s debt burden because of the management of a large number of violations.In order to improve the financial and operating status, many measures which make S company out of its debt crisis and enter benign development track like negotiate with creditors, debt restructuring, optimize capital structure, the government support.For excessive debt of listed company,company S debt restructuring and the success of the case can have the effect of demonstration.This paper is divided into five parts.The first part of the paper is the introduction part, which is firstly introducing the research background and significance of this paper both at home and abroad,.Secondly it tells the research ideas and methods of this article.Finally it introduce a brief summary of this article and research innovation. The second part introduces the basic theory of debt restructuring and the impact of debt restructuring of the company’s financial effect theory, which involves the incomplete contract theory, the soft budget constraint theory and information asymmetry theory, such as signal transmission.In order to provides theory basis it has introduced the later research on company S debt restructuring and financial effect.The third part is the company S debt restructuring plan and implement part on the background of the company S debt restructuring.And it introduces the necessity and implementation plan, which focus on the implementation of the company S restructuring plan.The fourth part is analysis of the problems of company S financial effect from the perspective of financial effect and optimize the allocation of resources. Before and after the restructuring,it used financial indicators analysis and comparison analysis method from the debt paying ability index, profitability index, growth ability index, assets management ability index, etc. It has significantly increased intuitively reaction on restructuring from the company’s profitability, solvency, assets operation ability, growth ability and so on.The part five,the paper puts forward relevant policy Suggestions for the listed company in China.Company S debt restructuring summarizes successful cases and even severe debt crisis which can make it into the normal track and protect the interests of the listed companies promoting the sustained and healthy development of listed companies in our country.The innovation and characteristics of this paper is that studying the debt restructuring and effect which are few literature involves from the perspective of financial effect analysis of excessive debt through debt restructuring of listed companies into the benign track at present. And this article is the first study on the company S debt restructuring from the background and the necessity of restructuring and the whole process of restructuring the case analysis of the characteristics of the debt restructuring.From the perspective of financial effect and optimize the allocation of resources, the article is using the classification and comparison analysis to study financial indicator analysis and the method of qualitative analysis. This research of company S financial effect the restructuring can response it before and after which the company has to get rid of the debt crisis and enter the benign development track.