摘要:在市场经济体制逐渐完善的环境下，我国很多企业逐渐的拥有了自己的自主权，加之企业筹集资金的方式和手段越来越多，而且企业的很多资金都是由负债所构成的。于是企业主要靠负债来进行经营，也就是所谓的负债经营。对负债经营的研究将使负债经营相关理论更具有实效性，对后代理论发展具有指导意义，为负债经营理论体系的完善增补了新内容。
论文主要采用了文献分析法和案例分析法，从负债经营理论的基本概述入手，利用江苏舜龙管业科技有限公司的财务数据，从资本结构、借款结构、偿债能力、财务杠杆、债务成本收益、筹资渠道六大方面进行分析，找出该公司负债经营方面存在的问题和影响因素，针对公司实际情况，提出解决问题的对策。江苏舜龙管业科技有限公司在负债经营方面存在的主要问题有三方面，主要包括负债比重大、偿债能力低、筹资渠道单一。影响江苏舜龙管业科技有限公司负债经营的因素是负债筹资风险、负债代理成本、财务拮据成本、偿债能力的声誉，针对江苏舜龙管业科技有限公司现状，提出策略如下：增强偿债能力；加强企业经营管理，提高资金利用率；研究资金市场，把握发展趋势；应树立风险意识、建立风险防范机制；控制负债规模，确定最优资本结构。
关键词 负债经营；借款结构；财务杠杆；策略
Abstract:In the environment of the gradually perfect market economic system, many enterprises gradually have their own autonomy in our country, also financing ways and means of the enterprises become more and more, and a most of the funds are composed of liabilities. so enterprises mainly rely on liabilities to manage, that is the so-called debt management. Research on debt management will make the debt management related theory more effective, which has guiding significance to the offspring of theoretical development, and add new content for the perfect theoretical system of debt management supplement.
This paper mainly adopts literature analysis and case analysis, starting from the basic overview of debt management theory, this paper analyzes capital structure, debt structure, debt paying ability, financial leverage and debt costs and benefits of these five aspects using the financial data of Jiangsu Shunlong pipe technology co.,ltd. To find out the problems and factors existing in the debt management, the thesis puts forward the countermeasures to solve the problem according to the actual situation of the company, the main problems include big debt ratio, debt paying ability and simple financing ways. And, the influencing factors mainly lie in four aspects, such as the risk of debt financing, debt agency cost, cost of financial constraints and the reputation of debt paying. According to the situation of the enterprise, This thesis puts forward some strategies includes strengthening the debt paying ability, enhancing the management to improve the capital utilization efficiency, further researching the funding market to grasp the development trends, establishing the awareness of risk, setting up the prevention mechanisms of risk, and controlling liability scale to determine the optimal capital structure.
Keywords Debt Management Loan Structure Financial Leverage Strategy
