(2) scale, composition and realizat

(2) scale, composition and realization speed of current assets.From the perspective of liquidity, current assets can usually be divided into quick assets and inventory assets. Quick assets include current deposits, short-term investments, receivables and advances, etc., which are characterized by strong liquidity. Compared with current assets, inventory has poor liquidity and long realization time. In the enterprise current assets, accounts receivable and inventory liquidity is an important factor affecting the liquidity of current assets.According to the company's financial statements, by the end of 2018, the company's inventory was 4.05 billion yuan, an increase of 50.06% compared with the beginning of the year. It mainly includes raw materials (60.40%), goods in stock (24.43%) and goods in transit (10.24%). The total amount of inventory is 0.22 million yuan, with 0.50% provision. The company's inventory scale is very large, the company's capital occupation is serious, and the cotton price fluctuates greatly, the company's inventory faces impairment risk.(3) scale and structure of current liabilitiesThe scale structure of current liabilities is one of the important factors that affect the short-term solvency of enterprises. Some of the current liabilities of the enterprise need to be repaid with cash, such as short-term loans, accounts payable, etc., while some need to be repaid with goods or services, such as prepaid accounts.According to the company's financial statements, by the end of 2018, the company had borrowed 3.058 billion yuan in short-term loans, an increase of 63.68% compared with the beginning of the year. Company accounts payable 381 million yuan, compared to the beginning of the growth of 20.66%, mainly due to the increase in cotton procurement. The company's total debt was 4.878 billion yuan, up 36.16% from the beginning of the year; Short-term debt accounted for 64.45%, long-term debt accounted for 35.55%, and short-term debt accounted for 8.99 percentage points more than at the beginning of the year, mainly short-term debt. The company's asset-liability ratio, total debt capitalization ratio and long-term debt capitalization ratio were 42.76%, 38.68% and 18.32% respectively, up 5.02 percentage points, 5.66 percentage points and 0.31 percentage points respectively compared with the beginning of the year. The overall debt was still at a reasonable level.In general, at the end of 2018, the company's debt scale has increased compared with that at the beginning of the year, and the debt structure is still dominated by current liabilities. 4. The company has problems in solvency4.1 low utilization rate of fundsFrom 2014 to 2017, the company's asset scale did not change much. Affected by the increase in raw material procurement and investment expenditure, the company's currency assets declined somewhat, and the amount of currency funds deposited abroad accounted for a relatively high proportion, which exposed the company to a certain risk of exchange rate fluctuations. By the end of 2017, as long-term equity investment began to grow substantially, the company's asset structure was changed to mainly non-current assets, and the assets with limited ownership or right of use accounted for a relatively small proportion, and the overall asset quality of the company was average. At the end of 2018, the amount of the company's monetary funds deposited abroad was still relatively high, which exposed the company to certain risks of exchange rate fluctuations. Affected by the substantial increase in raw material procurement, the company's inventory has increased significantly, which occupies serious capital and faces impairment risk. Liquidity is accumulated in these current assets, which makes the short-term solvency of enterprises generally low.