本研究深入分析了Y公司2019至2023年的财务数据,发现公司资产负债率偏高,融资方式单一且过度依赖外源融资,尤其是债务融资,同时股权结构分散。这些问题导致了公司财务风险的增加和资本成本的上升,影响了其持续健康发展。因此,本研究旨在探讨如何通过调整融资方式和股权结构,实现Y公司资本结构的优化。通过静态和动态最优资本结构的分析,确定了Y公司最优资本结构的基础值。为实现这一目标,提出了提升盈利能力、完善融资管理、优化股权结构和增强企业风险控制能力等具体路径。通过这些措施,Y公司可以降低财务风险,提高内源融资比例,为公司的长期稳定发展提供理论支持和实践指导。This study conducted an in-depth analysis of Y Company’s financial data from 2019 to 2023, revealing issues such as a high debt-to-asset ratio, a singular financing approach with excessive reliance on external financing, particularly debt financing, and a dispersed equity structure. These problems have led to increased financial risks and elevated capital costs, impacting the company’s sustained and healthy development. Therefore, the purpose of this study is to explore ways to optimize Y Company’s capital structure by adjusting its financing methods and equity structure. Through the analysis of static and dynamic optimal capital structures, the base value for Y Company’s optimal capital structure was determined. To achieve this goal, specific pathways were proposed, including enhancing profitability, improving financing management, optimizing the equity structure, and strengthening enterprise risk control capabilities. By implementing these measures, Y Company can reduce financial risks, increase the proportion of internal financing, and provide theoretical support and practical guidance for the company’s long-term stable development.
