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Âèïóñê 2 (49)
ÓÄÊ: 330.3
JEL: Ì20, Ñ10
ORCID ID: 0000-0002-3642-170X
DOI https://doi.org/10.17721/tppe.2024.49.2
Martyniuk Liudmila, PhD in economics,
Associate Professor
Taras Shevchenko National University of Kyiv
Svitlana Derevianko, economist
sderevanko220220@gmail.com
DIRECTIONS OF BALANCING THE FINANCIAL CONDITION OF ENTERPRISES IN THE CONDITIONS OF MILITARY AGGRESSION
Attention is focused on the need to diagnose the economic activity of enterprises in the conditions of a full-scale war. An important component of such work is the assessment of the financial condition, which ensures the formation of an integral assessment of the financial stability of the enterprise. The main parameters for assessing the financial condition are financial stability, solvency, liquidity, creditworthiness, profitability, business activity, optimality of profit distribution.
The concept of "balancing the financial state of the enterprise" and its main directions are defined, namely: optimization of the structure of assets and the ratio of equity and debt capital, management of liabilities, ensuring a sufficient level of liquidity, assessment and management of financial risks.
An assessment of the financial condition of JSC "Ukrtransgaz" was carried out. It is pointed out that the enterprise is strategically important for Ukraine, therefore the preservation of its balanced financial condition becomes critically important not only for the entire population, business, but also for the state as a whole. The analysis showed that in the conditions of a full-scale invasion, there was an improvement in the company's financial condition, first of all, due to the increase in tariffs for natural gas storage, and, secondly, due to a decrease in the cost of sold products. However, despite the increase in sales volume, the weak points of the financial condition of JSC "Ukrtransgaz" are: a decrease in the value of fixed assets, a low level of profitability, the presence of a significant amount of receivables, a lack of assets that can be sold to cover long-term loans, the absence of a business insurance reserve, an increase the repayment period of payables and electricity costs.
The key areas of balancing the financial condition of JSC "Ukrtransgaz" are proposed: development and implementation of a strategy to increase revenues, hedging risks caused by invasion, attracting investments to modernize fixed assets, forming a business insurance reserve.
Keywords: financial condition, financial stability, solvency, liquidity, optimality of profit distribution, profitability, strategy for increasing income, risk hedging, optimization of cost structure, storage and pumping of natural gas.
Full Text: PDF
DOI: https://doi.org/10.17721/tppe.2024.49.2