Profitability index analysis includes return on net assets, earnings per share, interest rate of return and cost-benefit ratio.
The analysis of safety indicators includes capital adequacy ratio, provision coverage ratio, non-performing loan ratio and asset-liability ratio.
Liquidity index analysis includes loan-to-deposit ratio and liquidity ratio.
The growth index analyzes the income growth rate and net profit rate of the main business.
Paper sample:
In the current economic environment, especially since this year, external macroeconomic fluctuations have a great impact on enterprises. In the short term, the economic growth trend in China will slow down, and the negative impact on enterprises will still be obvious. At present, the downward pressure on the economy is increasing, and the financial risks of enterprises are more prominent. Especially compared with the past, some new changes have taken place in financial risks, mainly in the following aspects:
(1) The financing difficulties of enterprises have intensified.
In the specific operation process of fund-raising, if the fund-raising method is improper, the debt ratio control is unreasonable, and the equity income can not meet the expectations, it is likely to cause financial risks of enterprises. Especially in the current economic environment, the bank credit policy is further shrinking, and corporate financing is constantly restricted by the loan threshold, making it more and more difficult to borrow. However, the volatility of the securities market is more intense, and listing financing is more difficult, which intensifies the financing risk of enterprises.
(2) The risk of bad debts of accounts receivable has intensified.
Some enterprises pay attention to credit sales in business strategy, so the proportion of accounts receivable is high, especially some enterprises with long transaction settlement cycle. Due to the large base of accounts receivable, it takes a long time to collect the money, which takes up a lot of working capital of the enterprise. If the enterprise has a large amount of bad debts, it will bring greater business risks to the enterprise and cause the serious deterioration of the financial situation of the enterprise.
(c) Risk of decline in return on net assets during the investment process
Some long-term investment projects of enterprises, such as securities, fixed assets, engineering construction, etc. Although the return on investment is higher than short-term investment, there is greater uncertainty and higher risk of capital investment, and poor management is likely to cause serious financial losses.
Especially at present, the external financial markets are frequently adjusted, and the overall economic environment is not optimistic. If the profit growth of the enterprise can't keep up with the growth of the company's net assets in the short term, it will directly lead to the decline of the return on net assets of the enterprise; At the same time, for some investment projects raised by enterprises, if they cannot quickly generate benefits to make up for the depreciation of new fixed assets, it will also affect the company's net profit and return on net assets.