Like all living things, enterprises also have a cycle of life. The life cycle of enterprises are generally divided into four stages, the newly established period, becoming long-term, the mature period and the decline time. In different stages of enterprises life cycle, the internal and external business environment are different, and enterprise operational risk is different too. Every stage of the life cycle of enterprises is characterized by different financing feature,so it is in great need of financial strategy. According to the different stages of enterprises life cycle and different financial strategic choices, the fixed assets, account receivable, current assets and current liabilities present different variations. Analysis of enterprises' financial situation based on enterprises life cycle is a better promotion in making long-term sustainable development of enterprises.