Study On The Financing Problem Of L Road And Bridge Company

In recent years,with the development of economy,our country has accelerated the construction progress of highway and other infrastructure,highway construction enterprises are facing a rare development opportunity.L Road and Bridge Company is a large-scale state-owned highway construction enterprise with many years of development history.The company mainly engaged in domestic roads,bridges,tunnels and other infrastructure projects contract construction.In recent years,the company grasps the opportunity to undertake a large number of roads,bridges,tunnels and other projects.The increase in engineering volume means that L Road and Bridge Company needs more working capital,and needs to deal with the financing problem better to reduce financial risk and improve the efficiency of financing.This paper first introduces the basic situation of L Road and Bridge Company.Secondly,the financing problem of L Road and Bridge Company is pointed out.Thirdly,the paper analyzes the causes of the financing problem of L Road and Bridge Company.Finally,the paper puts forward some suggestions to solve the financing problem of L Road and Bridge Company.Through the analysis of the financing situation of L Road and Bridge Company,we can see that there are some problems in the financing of L Road and Bridge Company: the company has less retained income,the endogenous financing is insufficient,and almost 100% depends on the external financing;The main sources of corporate financing are short-term bank loans and commercial credit financing,and the financing methods are not diversified enough;the number of projects undertaken by L Road and Bridge Company is unstable,and the company has not formulated a long-term Financing strategy.The main causes of L Road and Bridge financing problems are: lack of effective financing management;lack of financing strategy combined with corporate strategy;low comprehensive quality of financial personnel;weak credit awareness;inadequate management capacity;shortage of talents;Science and technology innovation capacity is insufficient,company size is unstable;fixed assets depreciation rate is low,incometax is high;bank loan policy tightens.In view of the problems existing in corporate financing,this paper puts forward some suggestions from various angles,including:increasing internal financing;diversifying external financing;perfecting financing management,formulating long-term financing strategy planning;combining financing strategy with corporate strategy;Improve the comprehensive quality of financial personnel;Optimize the relationship between banks and enterprises,improve credit awareness;brand financing;product financing.This paper analyzes the financing situation of L Road and Bridge Company from many angles,hoping that it can help L Road Bridge Company to deal with the possible financing problems in the future,reduce the financing risk of the company,improve the financing efficiency of the company,and promote the sustainable development of the company.