摘要:随着市场经济的不断发展，负债经营已经成为现代化企业的基本经营战略，举债经营不仅可以解决企业相关资金的短缺问题，也可以产生财务杠杆效应，为企业的所有者带来更多的利益，因此，负债经营对一个企业来说是非常现实和必要的。企业能否到期偿还其债务，对企业的自身以及利益相关者，都是非常重要的。企业偿还债务的能力的强弱关乎到企业的生死存亡，影响企业的信誉、信用及经营能力。可见，偿债能力分析对企业提高偿债能力、为企业健康发展都有着重要的意义。

　　　本文以天地科技有限公司2009-2012年的财务信息为例，运用比率分析法，分析该公司的偿债能力的强弱，分别从短期偿债能力分析和长期偿债能力分析进行，结合流动比率、速动比率、现金比率；资产负债率、长期负债率、利息保障倍数等指标，对该公司的债务偿还能力进行分析，指出其存在的问题，并提出相应改进措施。

关键词 天地科技；偿债能力分析；指标；资产负债表

Abstract:With the continuous development of market economy, Debt management has become a modern enterprise business strateg。 Debt management can not only solve the shortage of  enterprise funds, but also produce financial leverage effect.At the same time,it will bring more benefits to the business owner.So debt management of an enterprise is  very real and necessary. From the point of itself and stakeholders,The ability of the business due for repayment of its debt is very important. The ability of the  enterprises ability to repay debt relates to the survival of enterprises, Affect the credibility of enterprises, credit and operational ability. Visible, Solvency  Analysis enterprises to improve their solvency, is of great significance for the healthy development of enterprises.

　　　In this paper, the World Technology Co., Ltd. 2009-2012 financial information includes the use of ratio analysis, analysis of the ability of the company's solvency.  From the analysis of short-term solvency and long-term solvency analysis and combined with the current ratio, quick ratio, cash ratio; asset-liability ratio, long-term  debt ratio, interest coverage ratio and other indicators and analysis of the company's debt repayment ability,this paper point out its problems, and then propose  improvements.

Keywords  Heaven and Earth Science and Technology solvency analysis indicators balance sheet