Open AccessFINANCIAL SUSTAINABILITY OF UKRAINIAN ENTERPRISES AS A GUARANTEE OF THEIR EFFECTIVE FUNCTIONING
Author(s) -
Yulia Shushkova,
Veronika Ishchenko
Publication year - 2021
Publication title -
ìnfrastruktura rinku
Language(s) - English
Resource type - Journals
ISSN - 2519-2868
DOI - 10.32843/infrastruct59-22
Subject(s) - ukrainian , finance , financial stability , stability (learning theory) , business , financial ratio , financial analysis , economics , financial system , philosophy , linguistics , machine learning , computer science
One of the key vectors of the enterprise is to ensure its financial stability, which mainly depends on how the enterprise is financially stable. Therefore, the article is devoted to the study of financial stability of Ukrainian enterprises. In particular, the article reflects the approaches of scientists to the interpretation of the concept of “financial stability of enterprises”, presents its main features. Also, the analysis of financial stability of domestic economic entities in the dynamics for 2015–2019 using the relative coefficients of financial stability: the coefficient of autonomy (financial independence), the coefficient of financial dependence, and the coefficient of own working capital, the coefficient of long-term borrowing, the coefficient of borrowing short-term borrowings and equity maneuverability ratio. Based on the results of the calculation study, the relevant conclusions were made about the state of financial stability of Ukrainian enterprises.The aim of the article is to highlight the theoretical aspects of the concept of “financial stability”, including interpretation, approaches to assessing the financial stability of enterprises, stages of assessing financial stability, analysis of financial stability of Ukrainian enterprises, and determining the role of financial stability in ensuring stable operation.Analysis of financial stability of enterprises is an integral element for assessing their performance and financial well-being, as it reflects the results of their current, investment and financial development, generates the necessary information field for investors, and indicates whether companies are able to meet their debts and obligations.The essence of financial stability is the effective formation, distribution and use of financial resources by enterprises.After analyzing both absolute and relative indicators of financial stability of Ukrainian enterprises, it can be noted that their financial stability is not high, as evidenced by the lack of working capital. It is worth noting that one of the reasons for inadequate financial stability is the economic conditions and economic environment, which is not stable and changes quite often in our country.