从企业管理者和所有者的角度看,财务危机是指企业财务结构不合理、融资不当使企业可能丧失偿债能力而导致投资者预期收益下降的风险。负债经营是现代企业应有的经营策略,在企业资本结构中,债务资本的比重大,偿债能力弱,则财务风险大。反之,债务资本比重小,偿债能力强, From the perspectives of managers and owners, the financial crisis refers to the risk that an investor’s expected earnings will decline if the financial structure of an enterprise is not reasonable and the financing is improper so that the enterprise may lose solvency. Debt management is a proper business strategy for modern enterprises. In the corporate capital structure, the proportion of debt capital is large and the solvency is weak, so the financial risk is high. On the contrary, the proportion of debt capital is small, solvency is strong,