当前,国有企业生产经营困难有其多方面的原因,而资产负债率太高是使企业陷入困境的重要原因。国外运行情况良好的企业,其资产负债率一般在50％左右,我国的国有大中型企业则往往高达80％以上,使企业自我发展、自我增殖的能力低下。要降低企业的资产负债率就必须有大量的资金注入,但国家目前的财政状况又不可能对企业作大量的投资,企业自身的生产经营困难也使其自我积累能力不足,银行也不可能对其增加大笔贷款。因此,靠传统的筹资方法是无法进行企业改造的。但是,国有企业不进行必要的改造又无法生存,更谈不上发展。在这种困难的境地中,通过强化资产经营,盘活资产存量,用好资产增量,采用多种方法来降低资产经营成本,从而实现企业新的经济起飞,不失是一种搞好国有企业的好方法。两年来,上海电光源公司在这方面作了有益的尝试。 At present, there are many reasons for the difficulties in the production and operation of state-owned enterprises, and the high debt-to-equity ratio is an important reason for enterprises to get into trouble. Enterprises operating well in foreign countries have a debt ratio of around 50%. China’s state-owned large and medium-sized enterprises often account for more than 80% of the total, making them less capable of self-development and self-reproduction. To reduce the company’s asset-liability ratio, a large amount of funds must be injected, but the country’s current fiscal situation is unlikely to make a large amount of investment in the enterprise. The company’s own production and operation difficulties also make it unable to self-accumulate, and banks are not likely to It increases large loans. Therefore, relying on the traditional method of financing can not be transformed. However, state-owned enterprises cannot survive without making necessary reforms, let alone develop. In such a difficult situation, by strengthening asset management, revitalizing asset stocks, making good use of asset increments, and using various methods to reduce asset operating costs, a new economic take-off can be achieved, which is a good job for state-owned enterprises. A good way. In the past two years, Shanghai Electric Light Source Company has made useful attempts in this regard.