我国农业上市公司资本结构聚类分析

利用资产负债率、长期负债比率、借款对资本比率三个指标对我国农业上市公司进行系统聚类分析，可将其分为5类。分析结果表明，我国农业上市公司资产负债率偏低，而且债务的内部结构不合理，流动负债水平偏高，长期负债偏低。因此，农业上市公司应该进一步优化资本结构，限制盲目筹资，提高资金使用效益；国家也应进一步培育企业债券市场，让农业企业有更多的机会得到中长期信贷。

Cluster analysis of capital structure of China's agricultural listed companies

The asset liabilities rate, long - term liabilities rate and loan/capital ratio are used to make cluster analysis of China＇ s agricultural listed companies, the results show that the companies can be classified into five types, that asset liability rate of China＇ s listed companies is lower, that the inner structure of liabilities is not reasonable, that flowing liabilities level is higher and that longterm liabilities is lower. Thus, agricultural listed companies should further optimize capital structure, restrict blind - funds - raising, and raise capital use efficiency. The government should further cultivate enterprise bonds market to let agricultural enterprise get more opportunities to obtain long and medium -term loan.