Research On Financial Risk Early Warning Of Chengde Electric Power And Thermal Energy Company Based On Efficiency Coefficient Method

With the rapid development of the world economy,enterprises should not only face the increasing competition,but also pay attention to the problems existing in their internal financial management.Once the company’s internal operation and management problems lead to the enterprise can not timely and correctly respond to the changes in the market environment,it will accelerate the deterioration of the financial situation of the enterprise.Therefore,how to reasonably and effectively warn and prevent the financial risks of enterprises is becoming more and more important in enterprise management.In view of the problem of financial risk,this thesis selects Chengde Electric Power and Thermal Energy Company as the research object,It is found that the debt paying risk and profit risk exist in the enterprise,then analyzes and studies the financial statements of the enterprise.According to the financial performance evaluation direction in the enterprise performance evaluation index issued by SASAC every year,it mainly focuses on the solvency,profitability and operation ability of the enterprise and the development ability of the initial intuitive analysis,finds out the problems existing in the profitability and solvency of the enterprise,analyzes the current risk situation of the enterprise combined with the problems,and initially looks for the risk causes.Then,based on the relevant theories of financial risk early warning system,combined with the current situation of enterprise risk,this thesis constructs a financial risk early warning index system suitable for enterprises,and establishes a financial risk early warning model suitable for enterprises.In the preliminary index screening,after selecting all 12 indicators from two aspects,the entropy method combined with correlation coefficient method was used to conduct secondary index screening,and finally 11 indicators were determined to make clear the two aspects of enterprise financial risk for follow-up analysis.Then,according to the improved efficiency coefficient method,the 11 indicators are comprehensively scored,and the financial risk assessment is carried out according to the rating value,assess the current financial risk level of the enterprise.Finally,the evaluation conclusion is compared with the financial risk status and risk causes preliminarily analyzed according to the financial indicators,and a set of financial risk early warning model suitable for enterprises is established.Some suggestions are put forward to control costs,promote technological innovation,broaden financing channels,strengthen cash control and establish financial risk control institutions.The research results are conducive to the discovery of financial risk,prevention and follow-up management,and is conducive to the long-term healthy development of enterprises.The thesis has 14 figures,22 tables and 53 references.