Research On The Financing Efficiency Of S Company

Since 2018,policies such as housing without speculation,prevention and resolution of financial risks,and three red lines have appeared one after another.Real estate enterprises such as Baoneng and Longguang have been deeply involved in the debt crisis.Evergrande,Sunac,Shimao and other established real estate enterprises have also had "thunderstorms" one after another,and other small and medium-As the economy continues to decline,consumers’ willingness to spend large amounts has also decreased.The challenges facing the high-quality development of the real estate industry are becoming more and more severe,and the demand for financing is also getting stronger.Based on many factors,the current financing problems faced by real estate enterprises are very serious,so this article not only has certain theoretical significance,but also has strong practical significance to study the financing efficiency of real estate enterprises.This thesis takes S Company,a real estate enterprise in Shandong Province,as the research object,it selects the 2016-2021 financial annual report data of S Company as the research basis,conducts a preliminary study on the operation,finance and financing situation of the company,and combines the four influencing factors of financing cost,structure,risk and capital utilization to introduce the current situation of the financing efficiency of Company S.Then,based on the above four main influencing factors,it selects four first-level indicators and eleven second-level indicators to build the evaluation system of the financing efficiency index of S Company.The entropy value method was used to vertically compare the financial indicators of S Company in2016-2021.At the same time,the similar development scale of nine other industries was selected in this article with data of 2021 were compared horizontally with S Company as a sample.Through the study,it was found that S Company’s own financing efficiency has been declining in recent years,and the comprehensive evaluation of financing efficiency is at the bottom of the ten sample companies.Combined with the evaluation results of the entropy value model and the actual situation of the company,this thesis analyzes the four main reasons affecting the low financing efficiency of S Company,and puts forward targeted and practical suggestions.First of all,for the problem of high financing costs,this article recommends taking measures such as strengthening the stability of senior executives and improving corporate credit to reduce financing costs;secondly,in view of the problem of unreasonable financing structure,it is recommended to take measures such as reducing the asset-liability ratio and innovating financing methods to solve it;thirdly,for the problem of Company S’s high financing risk,it is suggested to prevent and control them by establishing a risk early warning mechanism.Finally,in view of the low utilization rate of funds,it is suggested that it can be improved by strengthening the role of financial companies and strengthening the overall budget.