The Research On Captial Structure Optimization Of YSD Company

Home improvement industry as an important industry of the people’s livelihood,the our country traditional pillar and has been for the majority of the daily life of the people provides the security at the same time also in the prosperity of the market and the vast majority of employment and the promotion of international trade cooperation play an important role.It has contributed greatly to the country’s extensive construction fund.This paper induces and summarizes the domestic and abroad,to learn the theory of capital structure research and development trend of the capital structure theory,and based on this theory of non-listed companies based on capital structure optimization related to maximize the value of impact problem are studied.This paper analyzes the risks and causes of the daily operation of YSD.According to YSD company resources combined with the use right of capital structure theory,to YSD company capital structure present situation has carried on the system analysis,formulate corresponding suited to its capital structure optimization,improve the company’s capital structure.First of all,to YSD company nearly 5 years of in-depth analysis,the main financial indicators related to YSD company nearly 5 years of financial index results and domestic decoration of relevant financial indexes of listed company average transverse comparison,find out YSD company capital structure ratio is low,unreasonable structure of assets,equity structure is highly fragmented and single financing channel lesions;Secondly,in terms of capital structure to the enterprise value maximization as the optimization goal,using the mature capital structure theory,aiming at YSD company using the level of financial leverage to YSD company capital structure ratio adjustment;Finally,the optimal capital structure optimization scheme for YSD is found in combination with the actual situation.The existing structure of the capital structure of YSD presents countermeasures and institutional safeguards.This article adopts the analysis methods of combining theory and practice,the unlisted companies YSD company as the research object,analysis reveals the YSD company capital structure present situation and reasons and put forward,analysis,solve the problem.For YSD company looking for more reasonable and more suitable for the healthy development of the capital structure,make YSD companies operating in the more smooth financing channel and improve the core competitiveness of YSD company,realize the maximization of the value of YSD company.To YSD by the optimization of corporate capital structure,a more profound understanding theory is just used to solve the problem of tools and methods to solve the problem,not rigid practices.Through the optimization research of the capital structure of YSD company,it is believed that the capital structure optimization of domestic non-listed building materials enterprises can be used for reference.