Study On Debt Maturity Structure Of LT Glass

As an economic form with Chinese characteristics,private enterprises have a significant impact on China's economic development.At present,China's economy has entered a critical period of transformation and upgrading.Some scholars believe that the development of most enterprises has entered a cold winter stage,while the development of private enterprises is facing many difficulties,especially the financing problem is more prominent.In November 2018,President xi held a symposium on private enterprises,during which he pointed out that the current development of the private economy faces "three mountains",one of which is the "high mountain" of financing.The development difficulty of private enterprises focuses on the financing problem,and the debt financing problem is mainly manifested in the unreasonable debt maturity structure.In 2016,the supply-side reform began to be carried out.In the process of structural adjustment and industrial transformation and upgrading,the competition of survival of the fittest became more fierce,and there were higher requirements for the development quality of enterprises.The profit space of general enterprises is greatly compressed,the business operation is difficult,the financial risk is also bigger,the short bond long investment becomes the fuse eventually,detonated the crisis of private enterprises.In this paper,LT glass has problems in its operation,such as long investment of short bonds and unreasonable debt maturity structure.Therefore,it adopts the case study method to analyze and study it as a case.Through the company's industry development environment,the company's own development status and the company's debt maturity structure according to the financial data to quantify the analysis of the company's debt maturity structure choice.Specifically,it includes the description of the current situation of the high proportion of short-term debt in its debt maturity structure,the causes of the unreasonable debt maturity structure and the analysis of the reasons for the behavior of "short-term loan and long-term investment".On the other hand,the government's support policies for private enterprises are not well implemented and the effect is not significant in the actual implementation.In particular,Banks and other financial institutions are reluctant to lend to private enterprises,or even cut off loans,which makes the debt maturity structure of enterprises more prominent.In the analysis,combined with the difficulties faced by the current development of private enterprises,especially the difficulties in financing,and the current national policy support for the development of private enterprises,this paper puts forward the countermeasures on how to optimize the debt structure of private enterprises whose debt maturity structure is not reasonable.