Research On Financial Risk Assessment And Control Of H Coal Company

Coal is the basic energy of our country,and the coal industry is an important pillar industry of our country’s economic development.In recent years,China’s economic growth has slowed down.With the in-depth implementation of supply side structural reform,environmental protection,green and low-carbon circular development and other policies,the prosperity of the industry has declined and market competition has intensified.In this environment,coal enterprises will face more challenges,which may increase their financial risks.Influenced by the macro environment,H Coal Company will inevitably have certain financial risks.If not controlled in time,they will seriously affect the normal operation of the company.Therefore,it is very important for the development of H Coal Company to objectively evaluate the financial risks and control them.This paper takes H Coal Company as the research object to identify,evaluate and control its financial risk.This paper summarizes the research status of financial risk assessment and control at home and abroad,analyzes the financial situation of H Coal Company in 2014-2018 based on the basic concepts and related theories of financial risk,identifies the financial risk of H Coal Company from four aspects of financing,investment,operation and cash flow.According to the results of risk identification,the evaluation index system of financial risk is established,and 13 financial indexes are selected.The weight of financial indexes is determined by AHP,the financial risk is evaluated by efficiency coefficient method,and the alarm situation of different years of the company is judged according to the divided financial risk early warning interval.The results show that in the past five years,the financial risk of the company has developed from the giant alarm to the light alarm and then declined to the medium alarm.Through the analysis of the evaluation results,it is found that the company’s operating conditions are highly volatile and its financial situation is not stable.At the same time,the causes of different types of risks are analyzed according to the evaluation results.Based on this,the corresponding control measures are put forward from four aspects of financing,investment,operation and cash flow to ensure the stable and healthy development of H Coal Company.