Economic security of industrial enterprises: analysis of the financial situation, probability of bankruptcy, net economic effect of investment attracting
Journal Title: ВІСНИК ПРИАЗОВСЬКОГО ДЕРЖАВНОГО ТЕХНІЧНОГО УНІВЕРСИТЕТУ Серія: Економічні науки - Year 2018, Vol 1, Issue 35
Abstract
In modern economic conditions, the owners, shareholders, investors, and lenders are interested in the results of large industrial enterprises. On the basis of the published financial statements, they assess the financial position of the company and the probability of its bankruptcy. The financial analysis of PJSC ZAZ for the years of 2013-2017 was carried out, namely the analysis of liquidity (coverage ratios, rapid liquidity, absolute liquidity and net working capital), solvency (solvency ratios (autonomy), financing, provision of own working capital, self-esteem maneuverability capital), business activity (turnover ratio of assets, turnover of accounts payable, turnover of accounts receivable, turnover of inventories, return on equity, maturity spare payables and receivables, capital), profitability (return on assets, return on equity, return on sales). The probability of bankruptcy on the models of Altman, Springate, Tuffler and Tishau, Sayfulin-Kadikov, Lis, Konan and Golder, Beaver of PJSC ZAZ for the years of 2013-2017 was calculated. The definition of the annual economic effect obtained by increasing the reliability of economic security, which will be equal to the difference between reducing the loss from increasing the reliability of economic security and additional economic costs, is proposed. It is proposed to determine the net annual economic effect, minus the attracted investments in the economic security of an industrial enterprise, which will be achieved, provided that the annual economic effect obtained by increasing the reliability of economic security will be greater than the attracted financial investments with interest.
Authors and Affiliations
Tatyana Melikhova
Keywords
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- EP ID EP533723
- DOI 10.31498/2225-6725.35.2018.142058
- Views 49
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