论文部分内容阅读
应对公路收费企业的巨大的偿债压力和持续增长的养护费用所导致的可用现金不足以偿还到期债务的财务危机,研究将其控制在合理范围内,有利于收费公路的健康可持续发展。收费费率优化直接影响公路收费企业收入水平,是控制企业财务危机的有效方法。首先,以现金流预测管理为切入点构建收费公路财务危机指数,对公路收费企业的财务危机等级进行评价,其次,以应对公路收费企业财务危机为前提建立收费公路费率优化模型。通过利用收费公路的费率优化手段化解公路收费企业财务危机,既使企业有能力偿还巨额到期债务而不出现较高财务危机,又使企业不因财务危机较低而产生超额利润。最后,根据现金流分析对A公路收费企业的财务危机等级进行评价,并通过费率优化模型进行计算,结果表明通过费率优化可有效降低公路收费企业因现金流断裂造成财务危机的风险。
To cope with the huge debt repayment pressure of toll-charging enterprises and the cash shortage caused by the increasing maintenance cost of the highway toll-making enterprises, the research can control it within a reasonable range and is conducive to the healthy and sustainable development of toll roads. Optimization of toll rates directly affect the toll income of highway companies is an effective way to control the financial crisis. First of all, this paper constructs a financial crisis index of toll road from the point of view of cash flow forecasting management, evaluates the level of financial crisis of toll road enterprises, and secondly sets up an optimization model of toll road toll rate on the premise of coping with the financial crisis of toll road enterprises. By using the toll road toll optimization means to resolve the highway toll business financial crisis, even if the enterprise has the ability to repay the huge debt due without a higher financial crisis, leaving enterprises not due to the financial crisis is low and the excess profits. Finally, according to the analysis of cash flow, the grade of financial crisis of A highway toll collection enterprises is evaluated, and the rate optimization model is used to calculate. The results show that the rate optimization can effectively reduce the risk of highway toll enterprises financial crisis caused by cash flow fracture.