Based On The Efficiency Coefficient Method Of Financial Risk Early Warning Research

With the globalization and marketization of the economy,the environment is complex and changeable.Although there will be many good development opportunities in the development of enterprises,they will also face many risks and challenges,financial risk is the most direct impact on enterprises,in recent years,whether the main board,gem,small and medium-sized board,or first,second or tertiary sector of the economy,financial risk is more serious,financial security has shown a downward trend.The first thing to prevent and defuse the financial risk is to establish a sound financial risk early warning system,through the system to find financial anomalies in a timely manner and take effective measures to avoid financial risk,to minimize the loss.Under the background of the decline of the overall financial security of our country's enterprises,chemical fertilizer manufacturing enterprises are facing the challenges of serious product homogeneity competition,backward production technology and excess production capacity,which causes many chemical fertilizer manufacturing enterprises in our country to neglect financial risks,to make the risk worse and cause bankruptcy.Based on the current situation of enterprises,this paper takes Hechihuagong Company as an example to study on the basis of related theories of financial early warning.Under the pressure of huge market competition,the company's financial situation is bad,the operating situation is very unstable,it is urgent to identify and resolve the financial risk by establishing financial early-warning model.Through reading a large number of domestic and international literature on Financial Early Warning,collated some research methods on financial risk early warning,through the comparative analysis of Research Methods and the latest research literature,find the advantage of efficiency coefficient method and more andmore is applied to the financial early-warning of enterprises,so choose this method to build the financial risk early-warning model.Firstly,it introduces the specific situation of the company and analyzes the internal and external environment of the company.The internal risks mainly include financing risk,capital turnover risk and liquidity risk,the time series of the vertical annual data of the enterprise is used to analyze the change of the related indexes.External risk factors are analyzed and predicted from the perspective of macro-economy and industry conditions,and then,in this paper,the efficiency Coefficient method is adopted as an analytical framework.Starting from the profitability,debt paying ability,development ability and operation ability,the financial index is selected,the model is constructed,and the treatment and calculation of each index are carried out,and relevant conclusions are drawn,and make recommendations accordingly.This article mainly uses the improved efficiency coefficient method to integrate Hechihuagong's financial risk prediction model system,finds problems through this model,and proposes corresponding measures to prevent risks.Therefore,it also provides a certain reference for the stakeholders of Hechihuagong.