Job Recruitment Website - Property management - Please give me a copy of the other three questions: Vanke A's operational capacity analysis, profitability analysis and comprehensive analysis of financial statements. My email address is 30756999@qq.
Please give me a copy of the other three questions: Vanke A's operational capacity analysis, profitability analysis and comprehensive analysis of financial statements. My email address is 30756999@qq.
Please give me a copy of the other three questions: Vanke A's operational capacity analysis, profitability analysis and comprehensive analysis of financial statements. My email address is 30756999@qq.com.
Analysis of Vanke A's solvency The solvency of an enterprise refers to its ability to repay long-term and short-term debts with its assets. Whether an enterprise has the ability to pay cash and repay debts is the key to its survival and healthy development. 1. Vanke enterprise co., ltd was established in may 1984, with real estate as its core business, and was one of the first publicly listed enterprises in Chinese mainland. As of June 365438+February 3, 20031day, the company's total assets were105.6 billion yuan and its net assets were 47100 billion yuan. 198865438+February, the company publicly issued 28 million shares to the public, raising 28 million yuan, and its assets and business scale expanded rapidly. 199165438+1On October 29th, corporate A shares were listed and traded in Shenzhen Stock Exchange. 199 1 June, the company raised 654.38+27 million yuan by placing and directionally issuing 28.36 million new shares, and the company began to develop across regions. At the end of 1992, Shanghai Vanke City Garden Project was officially launched, and the development of mass housing projects was identified as the core business of Vanke, and Vanke began to adjust its business. 1in March, 1993, the company issued 45 million B shares, which were listed on the Shenzhen Stock Exchange on May 28th, 1993. The B-share issuance fund is HK$ 4,565,438+0.35 million, which is mainly invested in real estate development, and the core business of real estate is further highlighted. From June 65438 to June 0997, the company raised 383 million yuan through capital increase and rights issue, mainly investing in residential development in Shenzhen to promote the development of the company's real estate business in by going up one flight of stairs. At the beginning of 2000, the company raised 625 million yuan by increasing capital and shares, and its strength was further enhanced. 200 1, the company transferred 72% of the shares directly and indirectly held by Wanjia Department Store Co., Ltd. to China China Resources Corporation and its subsidiaries, becoming a dedicated real estate company. In June 2002, Vanke issued convertible corporate bonds, raising 654.38+500 million yuan, which further enhanced the financial strength of developing the main real estate industry. The company 1988 intervened in the real estate field, and 1992 officially determined the development of mass housing as its core business. By the end of 2002, it has entered Shenzhen, Shanghai, Beijing, Tianjin, Shenyang, Chengdu, Wuhan, Nanjing, Changchun, Nanchang, Foshan and other places for residential development. In 2003, Vanke successively entered Anshan, Dalian, Zhongshan, Guangzhou, Dongguan and other places. Two. Analysis on the solvency of Vanke A (I) Short-term solvency analysis 1. Liquidity ratio at the end of 2008 =1.76 Liquidity ratio at the end of 2009 = =1.922010008 Liquidity ratio at the end of 2008 = =12965100000 =/kloc-0. Kloc-0/ At the same time, Vanke's current ratio in 2009 was significantly higher than that in 2008, indicating that Vanke's financial risk decreased in 2009 and its solvency increased. However, it is in a declining state at 10, indicating that the company's short-term solvency is declining and its financial situation is unstable. 2. Quick ratio Quick ratio at the end of 2008: = = 0.43 Quick ratio at the end of 2009: = = 0.59 2010 Quick ratio at the end of 2000: = = (205521000000-33300000)/1. At the same time, Vanke's quick ratio in 2009 was greatly improved compared with that in 2008, indicating that Vanke's financial risk was reduced and its solvency was enhanced. 10, the quick ratio decreased slightly, indicating that the solvency was slightly weakened due to the regulation of the real estate market. 3. Cash ratio = (monetary funds+trading financial assets)/current liabilities =1997 8285900/64553721902 = 30.95% 2009 cash ratio = (2300 190000+70. 68058279849 = 33.8% cash ratio 2010 = 3781690000/12965100000 = 29.17% Analysis: From the data, (II) Long-term solvency analysis 1. Asset-liability ratio at the end of 2008 = = 0.674 Asset-liability ratio at the end of 2009 = = 0.670 2016105100000/21563800000 = 0.747 Analysis of Vanke's real estate industry in 2008. 10, the increase in asset-liability ratio indicates that the solvency is weak. 2. Debt ratio at the end of 2008: = = 2.07 Debt ratio at the end of 2009: = = 2.0320161051000000/5458620000 = The analysis conclusion is consistent with the asset-liability ratio. 10, Vanke's debt ratio rose sharply, indicating that the enterprise fully exerted the financial leverage effect brought by debt. . 3. Interest guarantee multiple: interest guarantee multiple at the end of 2008: =10.62 Interest guarantee multiple at the end of 2009: = = 16.02 20 10 Interest guarantee multiple at the end of 2008: = = 24.68 Analysis: The average interest guarantee multiple of Vanke real estate industry in 2008 was 3.23 times. It can be seen that Vanke's interest guarantee multiple in recent two years is significantly higher than that in the same industry, indicating that the enterprise has strong ability to pay interest and perform debt contracts and less financial risks. The greater the multiple of earning interest, the stronger the solvency. As can be seen from the above, the multiple of earning interest is rising, and Vanke's long-term solvency is enhanced.
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