Study On Financing Efficiency Of L Real Estate Company

The real estate industry occupies an important position in China's national economy.As a capital-intensive industry,it has the characteristics of large demand for financing and long financing period in the development and operation of the whole project.L real estate co.,LTD.Is a large scale of private listed company of real estate,real estate financing situation increasingly serious in recent years,the company's higher financing costs,financing risk,using the capital profit ability quite different compared to the other real estate enterprises,especially with the rapid expansion of company size,capital demand increased dramatically,so the L real estate company's financing efficiency has an important role for the development of the company.First of all,the paper made clear the definition of the financing efficiency,through the query L real estate company 2015-2018 annual report to understand the status of the current company,from two aspects of internal financing and external financing summary since the listed company financing ways,and further from the financing cost and financing risk and capital efficiency in three aspects: theoretical analysis of the financing efficiency of L company.Secondly,the model was used to quantitatively evaluate the financing efficiency of L real estate company.In order to evaluate the financing efficiency of L company more objectively,another 14 real estate comparable companies were selected for comparative evaluation with L company.In previous experts and scholars on the basis of studying the influence factors of financing efficiency,this article selects the cost of financing,financing risk and the service efficiency of funds as evaluation index of L company financing efficiency level,and the three first-level indicators further subdivided into 12 secondary indicators,L real estate company's financing efficiency evaluation index system.Then,by querying wind database and each company's annual report,the original data of each indicator are summarized,and the data are standardized.The entropy method is used to determine the weight of each indicator and calculate the evaluation value of financing efficiency,and the conclusion is drawn that the financing efficiency of L company is in the middle and lower reaches of the industry.Finally,based on the actual situation of the company,this paper analyzes the reasons for the low level of financing efficiency of company L,and puts forward specific Suggestions on how to improve the financing efficiency of company L,and provides certain reference for other real estate enterprises that have similar financing problems with company L.