| After 2008,all walks of life in our country economy have been greatly affected,high leverage has become a thorny problem facing enterprises.China's steel industry is the key industry,it relates to the rise and fall of China's national economy.In recent years,the economic benefits of the steel industry,while the leverage ratio soaring high leverage.Aiming at this problem,the "deleveraging" of this task.Each enterprise is in a phase of deleveraging,but the deleveraging effect is not so obvious.High leverage problems in iron and steel industry are accumulated over the years,to leverage is not an easy job to do things.At the same time,a series of problems appear in the process of deleveraging in this paper.Through the understanding of the actual situation of the steel industry,the reason analysis of iron and steel enterprises to leverage the problems and find out the corresponding countermeasures and suggestions,the iron and steel enterprises to successfully completed Leverage has great practical significanceThis paper will combine financial theory and financial analysis,the first chapter mainly describes the steel industry high leverage the historical background and the significance of this paper.The second chapter describes the theoretical basis of deleveraging,describes the present situation of iron and steel enterprises,the 3 ways of iron and steel enterprises to leverage is summed up: the implementation of debt to equity swap to reduce the total liabilities and equity capital increase.In the third chapter,the iron and steel industry,asset liability rate does not fall and the implementation of debt to equity swap and other difficult issues,combined with the actual from the enterprise itself,banks,government and other aspects of reasons.The fourth chapter summarizes and gives some suggestions to the enterprises in the future,to strengthen management,improve the economic the Bank benefits,strictly abide by the standards set by the implementation of government debt. |
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