【论文】长虹集团短期借款筹资政策分析.pdf

长虹集团短期借款筹资政策分析 摘 要 我国上市公司资金来源渠道呈现多元化趋势，企业更加关注不同筹资政策给企 业带来的利弊影响。无论企业通过何种渠道筹集资金，都有必要对其筹资政策进行 分析、规划，以防范筹资过程中可能产生的财务风险。 短期借款筹资是我国企业的一种重要筹资方式,它既可以解决企业经营资金问 题, 同时也丰富了企业资金来源的渠道。但是短期借款筹资更是一把双刃剑, 在满 足企业资金需求和带来杠杆收益的同时, 也给企业带来风险,甚至导致企业陷入财 务危机, 乃至破产。短期借款筹资既是一项财务策略, 更是一种筹资战略。因此， 企业在选择短期借款筹资政策时, 不仅要根据自身的发展情况考虑筹资规模和还 款期限, 还要认识和考虑借款筹资所带来的风险。企业只有在正确认识借款筹资风 险的基础上, 及时制定和严格执行有效的债务筹资风险防范对策, 将其控制在合 理范围内, 才能充分发挥短期借款筹资的最佳效用, 并确保企业生产经营的正常 运行。 本文在分析短期借款筹资利弊的基础上, 首先对长虹集团短期借款筹资比例 进行纵向分析和同行业企业间的横向比较分析，揭示长虹集团在短期借款筹资政策 上存在的风险，然后对其偿债能力进行了分析，最后本文针对长虹存在的短期借款 筹资风险提出合理的防范措施。 关键词：短期借款，筹资政策，财务风险，偿债能力 I 长虹集团短期借款筹资政策分析 Abstract As Chinas listed companies in the enterprise has diversified sources of funding needs, enterprises pay more attention to the different funding policies of the pros and cons impact of businesses. No matter which channels of fund-raising for its policy analysis to choose, it is necessary to analyze the funding policies to guard against financial risks brought about. Short-term loan financing of Chinas modern enterprise is an important way to solve the problem of enterprise financing and diversified sources of funding. However, financing for short-term borrowing is a double-edged sword, in the capital to meet the needs of funds demand and bring financial benefits, it also carries risks to the enterprise, or even a serious financial crisis will lead to companies facing bankruptcy. Borrowing short-term financial strategy is not only a fund-raising, but also a fund-raising strategies. Consider short-term borrowing in the financing, not only according to their own development, but a