Abstract： In modern society, the increasingly fierce competition between enterprises. Only by making profit, enterprises could survive and develop.As a low cost of capital,liabilities not only can reduce the cost of capital, but also improve the rights and interests of capital gains rate. But debt need regular servicing, excessive debt will undoubtedly increase the financial risk of the enterprise. Therefore, the rational use of debt has become an important subject of enterprise financial management. The rational use of debt management, which can improve the level of corporate financial management, and can increase the economic benefit of the enterprise. A correct understanding of the advantages and disadvantages of the enterprise debt management, reasonable arrangements for debt capital, is of important significance to improve the economic efficiency of enterprises.
This article carries on the analysis of debt management according to the present situation of Win time Energy in this case, the weeks, debt management is refers to the enterprise has its own funds as the basis, in order to expand the operation scale, maintain the normal operation of enterprises, open innovation business, financial demand, cash flow problems, absorbing funds through bank loans, trade credit and the issuance of bonds and other forms, and use the funds to engage in production and business activities, a modern business enterprise assets continue to get compensation, value added and updated the financing mode of operation.
This paper first introduces the overall development trend of coal industry, then make another company in the same industry opencast coal mine, through comparative analysis and comprehensive analysis of Yong Tai energy management status. Finally, according to the specific situation of Yong Tai energy, the corresponding countermeasures and suggestions are given.
Keywords: Debt management capital structure advantage countermeasure...