歌华有线偿债能力分析.doc

歌华有线偿债能力分析

2008年年末短期偿债能力指标

流动比率=流动资产÷流动负债
=2,162,522,706.61÷912,811,172.12
=2.37
速动比率=（流动资产-存货）÷流动负债
=（2,162,522,706.61-196,582,678.06）÷912,811,172.12
=2.15
现金比率=（货币资金+交易性金融资产）÷流动负债
=1,698,529,046.42÷912,811,172.12
=1.86
二、2009年年末短期偿债能力指标

流动比率=流动资产÷流动负债
=1,818,001,047.73÷972,251,140.57
=1.87
速动比率=（流动资产-存货）÷流动负债
=（1,818,001,047.73-246,052,805.39）÷972,251,140.57
=1.62
现金比率=（货币资金+交易性金融资产）÷流动负债
=1,490,441,202.93÷972,251,140.57
=1.53
三、2010年年末短期偿债能力指标

流动比率=流动资产÷流动负债
=3,313,910,052.91÷1,201,847,392.31
=2.76
速动比率=（流动资产-存货）÷流动负债
=（3,313,910,052.91-116,725,240.88）÷1,201,847,392.31
=2.67
现金比率=（货币资金+交易性金融资产）÷流动负债
=3,079,975,632.01÷1,201,847,392.31
=2.56

项目2008-12-312009-12-312010-12-31流动资产2,162,522,706.611,818,001,047.733,313,910,052.91流动负债912,811,172.12972,251,140.571,201,847,392.31存货196,582,678.06246,052,805.39116,725,240.88货币资金1,698,529,046.421,490,441,202.933,079,975,632.01交易性金融资产000流动比率2.371.872.76速动比率2.151.622.67现金比率1.861.532.56

一、2008年年末长期偿债能力分析指标

资产负债率=负债总额÷资产总额×100%
=1,368,744,002.20÷9,126,167,521.77×100%
=15%
产权比率=负债总额÷所有者权益总额×100%
=1,368,744,002.20÷4,302,380,669.66×100%
=32%
权益乘数=资产总额÷所有者权益
=9,126,167,521.77÷4,302,380,669.66
=2.12
权益乘数=1÷（1-资产负债率）
=1÷（1-15%）
=1.18

二、2009年年末长期偿债能力分析指标

资产负债率=负债总额÷资产总额×100%
=1,389,955,421.76÷5,865,737,358.53×100%
=24%
产权比率=负债总额÷所有者权益总额×100%
=1,389,955,421.76÷4,475,781,936.77×100%
=31%
权益乘数=资产总额÷所有者权益
=5,865,737,358.53÷4,475,781,936.77
=1.31
权益乘数=1÷（1-资产负债率）
=1÷（1-24%）
=1.32
三、2010年年末长期偿债能力分析指标

9、资产负债率=负债总额÷资产总额×100%
=3,865,395,602.25÷9,126,167,521.77×100%
=42%
10、产权比率=负债总额÷所有者权益总额×100%
=3,865,395,602.25÷5,260,771,919.52×100%
=73%
11、权益乘数=资产总额÷所有者权益
=9,126,167,521.77÷5,260,771,919.52
=1.73
12、权益乘数=1÷（1-资产负债率）
=1÷（1-42%）
=1.72

项目2008-12-312009-12-312010-12-31负债总额1,368,744,002.201,389,955,421.763,865,395,602.25资产总额9,126,167,521.775,865,737,358.539,126,167,521.77所有者权益总额4,302,380,669.664,475,781,936.775,260,771,919.52资产负债率15%24%42%产权比率32%31%73%权益乘数1.181.321.72