Research On Capital Structure Optimization Of XRK Company

With the continuous upgrading of high and new technology,the electronic information industry has become one of the pillar industries in China.Today,the electronic informationization and economic globalization becoming more and more popular,and the electronic information is making a significant contribution to the national economy.China still needs sustained progress on electronic information industry compared with the other advanced countries.This article analyzes the possible problems of a company in the electronic information industry and puts forward the corresponding countermeasures from the perspective of capital structure,hoping to promote the development of the electronic information industry.The research object selected in this article is Zhejiang XRK Light Energy Science & Technology Limited Liability Company(hereinafter will be abbreviated as XRK Company).Firstly,through the analysis of XRK's longitudinal data from 2013 to 2017 and the analysis of horizontal data of the same industry,it is found that XRK's capital structure has problems of unreasonable debt structure,too much reliance on borrowing for financing and defective shareholding structure.Next,the capital structure of XRK company will be optimized.After defining the objectives and ideas of optimization,the optimal capital structure range is determined to be 38.76%~50.57% based on the calculation of static equation and the analysis of dynamic elasticity by combining static optimization and dynamic optimization.Finally,measures such as adjusting the debt structure,expanding diversified financing channels and enhancing risk control capabilities,and related guarantees for implementing these measures are proposed to solve the existing problems of XRK's capital structure.The capital structure directly affects the investment decision and finan-cing decision of enterprises,and the unreasonable capital structure will hinder the sustainable development of enterprises.Therefore,it is of great significance to study the optimization of capital structure.It is hoped that this article can provide some reference for the study of capital structure optimization.