摘 要利用 PEST 法和波特五力模型研究药品行业偿债能力现状分析。结合众生药业股份有限公司年报数据，对该药业偿债能力进行分析，结论发现存货周转率，应收账款周转率，产权比率，流动比率，现金比率，利息保障倍数，速动比率，负债比率等指标明显影响公司的偿债能力。公司的长期偿债能力较强，但短期偿债能力方面就较为弱。建议企业充分利用闲置资金，对外投资获取利益。提高资金管理效率，积极吸引外来投资。建立完善的应收账款管理制度的对策。关键词 药品行业 波特五力模型 偿债能力Abstract PEST method and porter's five forces model are used to study the current situation analysis of the solvency of the drug industry.Based on the annual report data of sentient pharmaceuticals co., LTD., this paper analyzes the solvency of sentient pharmaceuticals, and finds that the indicators such as inventory turnover rate, receivables turnover rate, equity rate, current rate, cash rate, interest guarantee rate, quick rate and debt rate obviously affect the solvency of the company..The company has strong long-term solvency, but weak solvency in the short term.It is suggested that enterprises should make full use of idle funds to gain benefits from foreign investment.We will upgrade the efficiency of capital management and 1vibrantly attract foreign investment.Countermeasures to establish a perfect accounts receivable management system.Keywords: pharmaceutical industry Michael Porter's Five Forces Model debt paying ability 2目录一、引言.......................................................6二、 偿债能力相关概述..........................................7（一） 偿债能力的概述.......................................7（二） 偿债能力的相关研究...................................8三、 药品行业的偿债能力分析....................................9（一） 基于 PEST 分析方法分析医药行业宏观环境.................9（二）基于波特五力模型分析医药行业竞争环境.................10四、广东众...
