發(fā)布時(shí)間：2018-01-19 05:15

  本文關(guān)鍵詞： 融資租賃 資產(chǎn)證券化 財(cái)務(wù)分析　出處：《天津商業(yè)大學(xué)》2017年碩士論文　論文類型：學(xué)位論文

【摘要】：本文針對(duì)渤海金控的融資現(xiàn)狀進(jìn)行分析,指出其面臨的融資困境。并在此基礎(chǔ)上分析了渤海金控進(jìn)行資產(chǎn)證券化的必要性及可行性。設(shè)計(jì)模擬渤海租賃第一期ABS方案,并在模擬方案得出的合理數(shù)據(jù)的基礎(chǔ)上,對(duì)渤海金控實(shí)施資產(chǎn)證券化前后的財(cái)務(wù)指標(biāo)進(jìn)行對(duì)比分析,進(jìn)一步論證渤海金控實(shí)行資產(chǎn)證券化的實(shí)際意義,希望對(duì)解決該企業(yè)的融資問題提供一些有益思路。首先從國(guó)內(nèi)融資租賃行業(yè)的發(fā)展現(xiàn)狀進(jìn)行簡(jiǎn)要分析,針對(duì)融資租賃企業(yè)的融資渠道、融資模式進(jìn)行研究。其次,根據(jù)渤海金控的經(jīng)營(yíng)數(shù)據(jù),對(duì)該企業(yè)融資現(xiàn)狀進(jìn)行分析,指出其面臨的融資困境。并在此基礎(chǔ)上分析了渤海金控進(jìn)行資產(chǎn)證券化的必要性及可行性。第三,在充分參考其他融資租賃公司同期相似ABS項(xiàng)目的基礎(chǔ)上進(jìn)行部分合理假設(shè),設(shè)計(jì)模擬了渤海租賃第一期ABS方案,為后續(xù)財(cái)務(wù)分析做數(shù)據(jù)支撐;第四,在模擬方案得出的合理數(shù)據(jù)的基礎(chǔ)上,對(duì)渤海金控實(shí)施資產(chǎn)證券化前后的財(cái)務(wù)指標(biāo)進(jìn)行對(duì)比分析,進(jìn)一步論證渤海金控實(shí)行資產(chǎn)證券化的實(shí)際意義。最后,對(duì)于渤海金控開展資產(chǎn)證券化融資模式過程中可能出現(xiàn)的風(fēng)險(xiǎn)進(jìn)行預(yù)測(cè),并制定出相應(yīng)的防范措施。對(duì)于渤海金控而言,通過對(duì)租賃資產(chǎn)進(jìn)行篩選重組,增信發(fā)行后能夠在證券市場(chǎng)上獲得融資,將存量資產(chǎn)轉(zhuǎn)化為現(xiàn)金資產(chǎn),給企業(yè)帶來大量的資金,緩和企業(yè)資金緊張的現(xiàn)狀。同時(shí),在租賃資產(chǎn)真實(shí)出表的前提下能夠改善企業(yè)報(bào)表結(jié)構(gòu),極大地有利于降低企業(yè)的資產(chǎn)負(fù)債率,通暢可能受限的銀行融資渠道,激活呈現(xiàn)疲態(tài)的股權(quán)融資渠道,進(jìn)而改善整體融資狀況,保障企業(yè)在大肆收購(gòu)帶來的短期負(fù)面狀態(tài)中平穩(wěn)運(yùn)行。
[Abstract]:This paper analyzes the current financing situation of Bohai gold control. On the basis of this, the necessity and feasibility of asset securitization by Bohai gold control are analyzed, and the first phase ABS scheme of simulating Bohai leasing is designed. On the basis of the reasonable data obtained from the simulation scheme, this paper makes a comparative analysis of the financial indexes before and after the implementation of asset securitization, and further demonstrates the practical significance of asset securitization in Bohai gold control. Hope to solve the financing problems of the enterprise to provide some useful ideas. First of all from the domestic financial leasing industry development of a brief analysis of the financing channels for financial leasing enterprises. Secondly, according to the operating data of Bohai gold control, the financing status of the enterprise is analyzed. On the basis of this, it analyzes the necessity and feasibility of asset securitization by Bohai gold control. Third, the paper points out the financing difficulties it faces. Third, it analyzes the necessity and feasibility of asset securitization by Bohai gold control. Based on some reasonable assumptions of similar ABS projects of other financial leasing companies in the same period, this paper designs and simulates the first phase ABS scheme of Bohai leasing, which provides data support for subsequent financial analysis. In 4th, on the basis of the reasonable data obtained from the simulation scheme, the financial indexes before and after the implementation of asset securitization in Bohai Sea gold control were compared and analyzed. Further demonstrate the actual significance of asset securitization by Bohai gold control. Finally, the paper forecasts the risks that may occur in the process of asset securitization financing model. For the Bohai gold control, through the screening and reorganization of the leased assets, we can obtain the financing in the securities market after credit enhancement and issue, and convert the stock assets into cash assets. At the same time, the leasing assets can improve the structure of the enterprise statement, greatly help to reduce the ratio of assets and liabilities. Unobstructed bank financing channels may be restricted to activate the tired equity financing channels and then improve the overall financing situation to ensure the smooth operation of enterprises in the short-term negative state of wanton acquisition.
【學(xué)位授予單位】：天津商業(yè)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F832.39;F830.42

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