Financial crisis warning indicators of the quantit

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Financial crisis warning indicators of the quantitative analysis

Z 2.99, indicating a company's financial condition, bankruptcy or no bankruptcy probability is very low; the value of Company B, Z 2.41, 1.81 ~ 2.99 in the gray area, indicating that the B's precarious financial situation, it is difficult so simple in Table 1 (unit: yuan) to find out whether the conclusions of bankruptcy; C Company Z is a O . 21 2.9, that the small company's financial condition,[link widoczny dla zalogowanych], bankruptcy probability is very low or not bankrupt. A single independent variable indicators to analyze financial ratios based on projections from different angles, bankruptcy, arrears of pay accounts, overdrafts, bank deposits, fixed costs can not afford the financial crisis. However,[link widoczny dla zalogowanych], indicators do not define the different independent variables on their overall risk ratio of the weight, do not reflect the ratio of alternating situation. Indicators and integrated analysis of multiple variables based on financial ratios, emphasizing the impact the profitability of the enterprise, forecast only the financial crisis in corporate bankruptcy. Integrated variable indicator of each financial ratios as defined in the overall risk of the enterprises weight, from the point of checking the overall corporate financial operations, financial condition is conducive to comparison of different periods. With China's accession to WTO,[link widoczny dla zalogowanych], market competition, enterprises are facing increasing pressures and business risks, establish a scientific and financial crisis early warning system for early diagnosis of crisis, and to take appropriate measures to eliminate the crisis in the bud stage, in terms of internal management , owners, creditors, suppliers, potential investors, customers, businesses and government departments such as 212 members of a variety of perspectives are very necessary to analyze the risk prevention measures. It should be noted that the lack of corporate financial distress still have two aspects: not on special emergencies caused by the financial crises early warning; not on the false financial and accounting information to make the right financial distress. �� Author: Guangdong Radio and TV University Guidance Center �� Editor: Yang Rong Company A listing of listed companies listed company B C D non-listed companies with total assets of 6,687,868,4164,840,383,488706,071,296726,602,224-326, 846,48256.321.721 total market value of equity Total liabilities 1,985,625,0882,571,680,512688,421,760135,864,841 51775200005336162O4O2144953738 net sales of 4,742,095 , 3603,850,372,35272,571,056933,693,933 equity 590,492,386 Note: The data from the three listed securities of the company's satellite network (www, stockstar, corl1), of which: equity market capitalization for the December 31,[link widoczny dla zalogowanych], 2001 closing price of the product and the number of shares in circulation. According to Table 1,[link widoczny dla zalogowanych], four companies of the z values are as follows Table 2. Table 2: A listed company XlX2X3XX5Z O. 1744O. 3291O. 13952.6O75O. 7O913.4Oj City, Company B O. O693O. O4O5O. O6912. O75OO. 79,552.41 Listed Company C a O. O93 a O. 3889 a O. 46293.1158O. 1O28 an O. D O. 21 non-listed companies O85OO. O764O. O7754.34621.28553.48 Note: The value of listed companies by the early model Z, Z-value of non-listed companies according to the revised new model. (2oo2 No. Cool

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