Research On Financing Efficiency And Influencing Factors Evaluation Of S Company

The real economy is the main body of creating social wealth,the guarantee of improving people's livelihood and the basis of the development of virtual economy.However,in recent years,the tendency of social investment has been weakened,the interest of financial capital in the real economy has decreased sharply,and the financing of real enterprises has became a pressing issue.Since 2013,the world non-ferrous metal market began to enter into a cyclical downward channel,and in 2015,the main non-ferrous metal prices continued to drop greatly,so that the company encountered the obstacle of financing difficulties.On this background,it is necessary to pay attention to S company's financing efficiency.Firstly,this paper describes the basic theories of financing efficiency,based on the annual report data of S Company 2007-2016,through the analysis of the basic situation,capital structure,financing mode and financing structure of S company,this paper finds out the main influencing factors affecting the financing efficiency of S company as follows:financing structure,financing mode,financing cost,financing risk and operation condition,and then takes them as the main basis for constructing the index system of financing efficiency of S Corporation.Therefore,this paper analyses the financing efficiency of S Company by using entropy method,it is concluded that the overall level of S company's financing efficiency is not optimistic in the year of 2007-2016,showing a trend of fluctuating downward,but in 2016,it recorded a small increase,indicating that the financing efficiency of S company still has a certain promotion space.According to the output result of entropy method,the three most heavily weighted components of the index system are the cash-flow ratio in fund-raising activities,the ownership concentration and the quick ratio.The key to improve the financing efficiency is to optimize the capital in-position rate,improve the structural efficiency and enhance the risk resistance capacity.Finally,this paper puts forward the countermeasures to improve S company's financing efficiency through the way of optimizing financing structure,exploring innovative ways of financing,strengthening the risk management,standardizing the system of financing management and enhancing the interactions between banks and enterprises.