摘要:隨著市場經濟的不斷發展，負債經營已經成為現代化企業的基本經營戰略，舉債經營不僅可以解決企業相關資金的短缺問題，也可以產生財務杠桿效應，為企業的所有者帶來更多的利益，因此，負債經營對一個企業來說是非?，F實和必要的。企業能否到期償還其債務，對企業的自身以及利益相關者，都是非常重要的。企業償還債務的能力的強弱關乎到企業的生死存亡，影響企業的信譽、信用及經營能力?？梢?，償債能力分析對企業提高償債能力、為企業健康發展都有著重要的意義。

　　　本文以天地科技有限公司2009-2012年的財務信息為例，運用比率分析法，分析該公司的償債能力的強弱，分別從短期償債能力分析和長期償債能力分析進行，結合流動比率、速動比率、現金比率；資產負債率、長期負債率、利息保障倍數等指標，對該公司的債務償還能力進行分析，指出其存在的問題，并提出相應改進措施。

關鍵詞 天地科技；償債能力分析；指標；資產負債表

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