Assessment of financial stability and payment capacity of Russian companies


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Abstract

The article discusses the concepts of financial stability, solvency, solvency ratios, financial reporting, financial analysis, liquidity indicators, solvency indicators, balance sheet, report on financial results, considers the advantages of implementing software products for the automatic generation of financial indicators based on financial statements. Financial management is becoming a time-consuming and priority task facing the management personnel of any modern enterprise, regardless of its field of activity. The financial stability of an enterprise is a complex concept that reflects a financial condition in which the enterprise is able to freely dispose of funds, balance financial flows, carry out effective activities in conditions of entrepreneurial risk and a dynamically changing environment, while maintaining solvency, having investment potential and a number of competitive advantages. The system of indicators characterizing the solvency and financial stability of the enterprise is the most important aspect, therefore, this article also discusses the indicators of financial stability, solvency, their calculation procedure, as well as the size and results. Methods for assessing the information contained in the financial statements are determined, examples of calculating the liquidity and solvency ratios of enterprises are given. The ways of increasing the financial stability and solvency of companies are described and considered.

About the authors

Nikolay M. Tyukavkin

Samara National Research University

Author for correspondence.
Email: tnm-samara@mail.ru
ORCID iD: 0000-0001-6049-897X

Doctor of Economics, professor, head of the Department of Innovation Economics

Russian Federation, 34, Moskovskoye shosse, Samara

Vasilisa S. Vasilenko

Samara National Research University

Email: vasilisa001vs@gmail.com
ORCID iD: 0000-0002-8560-6858

Master's degree student of the Department of Innovation Economics

Russian Federation, 34, Moskovskoye shosse, Samara

References

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