企业筹集的全部资金既包括权益资金，也包括债务资金。企业的权益资金往往不

All funds raised by enterprises include both equity funds and debt funds. Companies’ equity funds are often insufficient to support their normal business activities and scale expansion, and they need to be borrowed from outside to meet their own needs. Fund-raising activities are the beginning of the company's capital flow. The use of lower funding costs to raise funds of a moderate scale is not only beneficial to the production and development of the company, but also can better reduce the financing risks. However, in reality, due to the complexity of the market economy and the excessive borrowing of the company itself or the unreasonable use of the borrowing funds, the company cannot meet its own capital turnover after borrowing the funds, which leads to the failure to repay the due debts in time, triggering debt repayment risk. Mainly manifested as excessive financing scale and high cost, unreasonable financing structure and so on. <br>The generation of financial risks is the result of a combination of many factors. On the one hand, due to the complex characteristics of the external environment, many influencing factors cannot be accurately predicted and prevented, and it is often easy to cause losses to various activities of the enterprise; on the other hand, operation Managers’ decision-making errors can also create risks. On the basis of introducing the risk status of Huatian Hotel, this section digs into the causes of the risks of Huatian Hotel according to the risk classification.

All funds raised by the enterprise include both equity funds and debt funds. The equity funds of enterprises are often insufficient to support their normal business activities and scale expansion, and they need to borrow from outside to meet their own needs. Financing activity is the beginning of enterprise capital flow. Using low financing cost to raise funds of appropriate scale is not only conducive to the production and development of enterprises, but also can better reduce the financing risk. However, in practice, due to the complexity of the market economy and the impact of enterprises' excessive borrowing or unreasonable use of borrowing funds, enterprises can not meet their own capital turnover after borrowing funds, resulting in the failure of timely repayment of due debts and debt repayment risk. It is mainly manifested in the excessive scale and cost of financing, unreasonable financing structure and so on.<br>The emergence of financial risk is the result of the joint action of many factors. On the one hand, due to the complexity of the external environment, many influencing factors can not be accurately predicted and prevented, which is often easy to cause losses to various activities of enterprises; On the other hand, the decision-making mistakes of managers will also cause risks. On the basis of introducing the risk situation of Huatian Hotel, this section deeply excavates the risk causes of Huatian Hotel according to the classification of risks.

All funds raised by enterprises include both equity funds and debt funds. The equity funds of enterprises are often insufficient to support their normal business activities and scale expansion, and they need to borrow from outside to meet their own needs. Fund-raising activity is the beginning of enterprise capital circulation. Using low fund-raising cost to raise and borrow moderate-scale funds is not only beneficial to the production development of enterprises, but also can better reduce the fund-raising risk. However, in practice, due to the complexity of the market economy and the influence of enterprises' excessive borrowing or unreasonable use of borrowing funds, enterprises can't meet the turnover of their own funds after borrowing funds, which leads to the failure to repay the debts due in time and leads to risk of debt. It mainly shows that the financing scale is too large and the cost is too high, and the financing structure is unreasonable. The emergence of financial risks is the result of many factors. On the one hand, due to the complexity of the external environment, many influencing factors can not be accurately predicted and prevented, and it is often easy to cause losses to various activities of enterprises. On the other hand, managers' decision-making mistakes can also cause risks. On the basis of introducing the risk situation of Huatian Hotel, this section explores the risk causes of Huatian Hotel according to the classification of risks.