摘要医药企业的偿还债务能力是指企业清偿到期债务的能力高低，其内容受到企业资产质量[1]、债务构成、债务到期情况等多方面的因素影响，根据企业负债种类的不同所以用于偿还的资产也是不同的。企业越来越重视财务工作对自身发展的重要性，过去往往不重视债务的管理和利用，常以盈利和和规模作为把握的重点。股民和其它投资者越来越关心企业的债务偿还能力，并以此去衡量公司的发展情况，较高的到期偿还能力有利于企业获得更多的筹资机会，获得更多投资者的关注，从而有利于公司更好得到外来资金的注入，反之，一定程度上会影响着企业的良性发展甚至会导致企业引发财务危机。偿债能力最大的作用是判断公司是否会出现破产等严重危机，尤其发生流动现金不足偿还债务时，是企业经营最大的危险。本文以哈药股份为例分析其长期和短期的偿债能力，并对哈药股份提出建议和作出前景预测。关键词：短期偿债能力哈药股份长期偿债能力AbstractTheabilitytorepaydebtsofpharmaceuticalenterprisesreferstotheabilityofenterprisestopayofftheirdebts.Thecontentoftheenterprisesisaffectedbymanyfactors,suchasthequalityofassets,debt,maturityofdebt,etc.,Accordingtothedifferenttypesofliabilities,Isdifferent.Enterprisespaymoreandmoreattentiontotheimportanceoffinancialworktotheirowndevelopment.Inthepast,theydidnotattachimportancetothemanagementandutilizationofdebt,andoftenfocusonprofitandscale.Forthemanagementoflistedcompanies,thesolvencylevelofenterpriseshasavitalimpactonthesurvivalofenterprises,investorsandotherinvestorsareincreasinglyconcernedaboutthesolvencyofthesituation,ahighermaturitytorepayWhichwillhelpenterprisesgetmorefinancingopportunitiesandgetmoreinvestors'attention,whichwillhelpthecompanygetbetterinfusionofforeigncapital,otherwiseitwillaffectthehealthydevelopmentoftheenterpriseandevenleadtofinancialcrisis.Themostimportantroleofsolvencyistodeterminewhetherthecompanywillappearbankruptcyandotherseriouscrises,especiallyintheeventofcashflowisnotenoughtorepaythedebt,isthebiggestbusinessrisk.Inthispaper,HarbinPharmaceuticalsharesasanexampletoanalyzeitslong-termandshort-termsolvency,andHarbinPharmaceuticalsharesmaderecommendationsandmakeprospects.Keywords:long-termsolvencyShort-termsolvencyHarbinpharmaceuticalgrou目录引言....................................................................2第一章偿债能力分析的相关理论..........................................31.1企业偿债能力的概念...............................................31.2企业偿债能力的内容...............................................31.3企业偿债能力分析的衡量指标.......................................3第二章哈药股份偿债能力分析............................................62.1哈药股份简介.....................................................62.2哈药股份三大财务报表分析.........................................62.2.1资产负债表数据分析........................................62.2.2哈药股份利润表数据分析....................................72.2.3哈药股份现金流量表数据分析................................82.3哈药股份偿债能力相关指标分析.....................................92.3.1短期偿债能力分析..........................................92.2.2长期偿债能力.............................................11第三章同行业对比分析.................................................153.1同行业公司简介..................................................153.1.1云南白药集团股份有限公司.................................153.1.2仁和药业股份有限公司.....................................153.2偿债能力的对比分析.....................................
