中小企業の経営状況を可視化する財務評価手法の提案

－中小企業と金融機関の円滑なコミュニケーションの実現に向けて－

抄録

Currently, the management power of Japanese SMEs (small-and-medium-sized enterprises) is remarkably declined. As a solution, financial institutes should deepen relationship banking with SMEs. The purpose of this paper is to develop a visualization technique of financial conditions for deepening of relationship banking. The authors of this paper have found that “net worth” and “receivable turnover period” relate to bankruptcy risk of SMEs. And, the authors have proposed to assess actual equity capital (or negative net worth) c as follows: where is net worth, is surplus trade receivables, and is surplus inventory. These surplus assets are differences between an amount reported on balance sheet and a national average. In this paper, financial conditions have been visualized by a two-dimensional chart based on c and operating cash flow. This chart is useful to facilitate communication between financial institute and SME.