新疆财经

新疆财经 ›› 2017,Issue (6): 30-36.doi: 10.16716/j.cnki.65-1030/f.2017.06.004

• 管理理论与实践 • 上一篇    下一篇

新疆工业企业杠杆率水平测算与评估

郭燕芸, 郭海, 梁非坤, 张馨月   

  1. 中国人民银行 乌鲁木齐中心支行,新疆 乌鲁木齐 830002
  • 收稿日期:2017-08-29 出版日期:2017-12-25 发布日期:2020-11-17
  • 作者简介:郭燕芸(1985-),女,统计师,研究方向:金融学;郭海(1979-),男,统计师,研究方向:概率论与数理统计;梁非坤(1980-),女,会计师,研究方向:会计学;张馨月(1984-),女,统计师,研究方向:概率论与数理统计。
  • 基金资助:
    中国人民银行乌鲁木齐中心支行青年项目“新疆工业企业杠杆率测算评估及风险研究”(201728)

Measurement and Evaluation of Leverage Rate of Industrial Enterprises Sector in Xinjiang

Guo Yanyun, Guo Hai, Liang Feikun, Zhang Xinyue   

  1. Urumqi Central Sub-branch of the People's Bank of China,Urumqi 830000,China
  • Received:2017-08-29 Online:2017-12-25 Published:2020-11-17

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摘要： 本文通过梳理总结新疆停产、濒临破产或已破产工业企业主要财务指标特点,得到债务风险的评估指标框架,对新疆工业39个细分行业及国有企业、民营企业债务风险进行评估发现:重工业尤其是产能过剩行业资产报酬率已连续三年低于1年期贷款基准利率水平,短期资产负债率接近160%的风险点,债务风险明显大于轻工业;国有控股企业由于资产报酬率偏低,债务风险较私营企业更大。

关键词: 新疆, 工业企业杠杆率, 杠杆率测算, 风险评估

Abstract: For two consecutive years, Central Economic Work Conference mentioned to deleverage, especially this year, clearly stated to deleverage the corporate sector. So how about the level of enterprises leverage in Xinjiang? What is the specific debt risk? By analyzing the main financial indicators characteristics of discontinued, on the verge of bankruptcy or bankrupt enterprise in Xinjiang, this paper summarizes the debt risk assessment index framework. By evaluating the risk of debt of 39 sub-sectors, state-owned enterprises and private enterprises, it finds that heavy industry, especially overcapacity industry asset contribution rate has been less than 1 year the benchmark value of loans for three consecutive years, the short-term asset-liability ratio is close to 160%, the debt risk is significantly greater than the light industry; due to low contribution rate of assets, debt risk ofstate-owned holding enterprises is greater than that of the private sector.

Key words: Industrial Enterprises Leverage Rate in Xinjiang, Leverage Assessment, Risk Assessment

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