摘要仪表行业属于制造业的服务型行业，作为彻上彻下的枢纽。传统的偿债能力管理模式逐渐不能符合目前竞争局势，而导致部分公司因忽视偿债风险，对公司营业效益形成负面作用。问题表现在：流动资产变现能力较不足、资本结构较不理想、经营活动形成的现金流量净额较不高、经营租赁的负担不断增大。其形成原因主要有：生产模式为接单再生产和应收账款未能及时收回导致应收账款变现能力较差；短期负债金额较大且集中到期；国内市场需求偏软，产品质量在行业属于落后状态；资金不足以购置场地，续租和租金上涨的潜在问题。提出强化应收账款的管理、改进资本结构、扩宽销售渠道，加大自主研发的措施，降低经营租赁的成本。关键词：仪表制造业行业偿债能力能力薄弱AbstractTheinstrumentindustryisaproductiveserviceindustryinthewholemanufacturingindustrychain,whichisthelinkconnectingtheupstreamanddownstreamindustries.Thetraditionalsolvencymanagementmodegraduallyfailstoconformtothecurrentcompetitivesituation,whichleadstothenegativeeffectofsomecompaniesonthecompany'soperatingefficiencyduetotheirneglectofthesolvencyrisk.Theproblemsareasfollows:insufficientliquidityofcurrentassets,lessidealcapitalstructure,lesshighnetcashflowgeneratedbyoperatingactivities,andincreasingburdenofoperatingleases.Themainreasonsareasfollows:theproductionmodeisthere-productionofreceivingordersandtheaccountsreceivableisnotcollectedintime,whichleadstothepoorliquidityofaccountsreceivable;Theamountofshort-termliabilitiesislargeanditiscollectivelydue;Domesticmarketdemandissoft,productqualityintheindustryisbackward;Lackoffundstopurchasespace,renewalandpotentialrentincreases.Putforwardtoenhancethemanagementofaccountsreceivable,furtherthecapitalstructure,broadenthesaleschannel,increasethemeasuresofindependentresearchanddevelopment,reducethecostofoperatinglease.Keywords:InstrumentManufacturingIndustrySolvencyWeakCapacity目录TOC\o"1-2"\h\z\uHYPERLINK\l"_Toc34824000"一、引言PAGEREF_Toc34824000\h1HYPERLINK\l"_Toc34824001"二、公司偿债能力理论概述PAGEREF_Toc34824001\h1HYPERLINK\l"_Toc34824002"（一）偿债能力概念的界定PAGEREF_Toc34824002\h1HYPERLINK\l"_Toc34824003"（二）评估偿债能力主要指标PAGEREF_Toc34824003\h1HYPERLINK\l"_Toc34824004"三、春天公司现状分析PAGEREF_Toc34824004\h2HYPERLINK\l"_Toc34824005"（一）春天公司简介PAGEREF_Toc34824005\h2HYPERLINK\l"_Toc34824006"（二）春天公司偿债能力现状分析PAGEREF_Toc34824006\h2HYPERLINK\l"_Toc34824007"四、春天公司在偿债能力方面存