PECULIARITIES OF ASSESSING THE FINANCIAL STABILITY OF ENTERPRISES

Abstract

The main aspects of the essence and characteristics of the category of financial stability of enterprises, its impact on the assessment of riskiness and competitiveness of activities, financial condition and state of financial and economic security are considered. Most of its researchers define the financial stability of an enterprise as a certain ratio of own, working and total capital, which allows enterprises to function stably, maintaining financial balance in the conditions of the competitive environment of the socio-economic system of the country in order to increase profits and ensure expanded reproduction. To assess the adequacy of financial resources, the traditional method of calculating coefficients of financial autonomy (independence), financial stability, indebtedness, capital multiplication, maneuvering and others is used.

The calculation of the coefficients of financial stability and their deviations from the optimal values for enterprises of various sectors of the economy has been carried out and certain regularities for certain types of activities of enterprises have been identified. The necessity of differentiation of their values as criteria in assessing the financial sustainability of enterprises under conditions of transformation processes in the economic system when determining the level of their financial equilibrium and prospects for implementing the tasks of strategic development is outlined.

Assessments of the financial independence of enterprises in the sectoral context reflected a critical situation regarding the achievement of traditional recommended values of coefficients of financial independence in all sectors of the economy, since by the end of 2021 in no industry did its value reach the optimal level, and according to some indicators, it decreased to catastrophic values from the position of the level the riskiness of financing by sources of capital formation. Traditionally, relatively more financially stable enterprises of the light and food industry, in which the share of equity capital is higher in most years of the studied period, however, could not provide the minimum required level of the coefficient of financial independence. These results have a negative impact on the assessment of the financial stability and riskiness of domestic business, and because of this, they also have a negative impact on the assessment of the market prospects, competitiveness and value of companies on the market.