Research On The Financial Capability Evaluation Of Anyang Iron And Steel Co.,Ltd

In China's national economy,the iron and steel industry is one of the pillar industries.The development of the industry promotes the development of China's economy.With the implementation of one belt,one road policy,China's steel enterprises have more opportunities.Under the background of national macro-control and epidemic situation in 2020,the development of enterprises has been subject to fluctuations.Nowadays,with the implementation of relevant national policies,the internal competition pressure of the industry is increasing,especially in small and medium-sized iron and steel enterprises,such as overcapacity accumulation,price fluctuation of main steel products,periodic imbalance of production and operation,etc.Therefore,how to improve the financial ability of iron and steel enterprises according to the actual situation of enterprises,so as to enhance the competitiveness of enterprises and promote the development of enterprises is a problem worthy of study.This paper takes Anyang Iron and Steel Co.,Ltd.as the research object,based on the analysis of the development status of China's iron and steel industry,expounds the basic situation of Anyang Iron and steel,analyzes the current situation of Anyang Iron and Steel's financial ability from four aspects of solvency,operation ability,profitability and development ability,analyzes the influencing factors of financial ability from the external and internal,and gives the evaluation of financial ability According to the principle of index selection,the evaluation indexes are selected from the four dimensions to build a comprehensive evaluation index system of financial ability.The Entropy TOPSIS method is applied to comprehensively evaluate the financial ability of Anyang Iron and steel company,and compared with similar enterprises.According to the analysis of the evaluation results,combined with the current situation of Anyang Iron and Steel's financial ability,this paper puts forward the strategies to improve the financial ability from four dimensions of solvency,operation ability,profitability and development ability.The research of this paper can provide reference for Anyang Steel's financial ability analysis,which is of great significance for improving the financial ability of the enterprise and enhancing the market competitiveness of the enterprise,and can also provide reference for other enterprises in the steel industry.