THEORETICAL PRINCIPLES OF MANAGEMENT OF THE FINANCIAL STABILITY OF THE ENTERPRISE

Анотація

The article defines the essence, role, and significance of the financial stability of the enterprise and states that it is one of the critical foundations of stable financing of the business entity. The article provides the main factors that affect the financial stability of enterprises, as well as the basic principles of their maintenance. The authors investigated the economic essence of the concept of managing the financial stability of the enterprise. The authors provided their own actual interpretation of the concept of capital, based on the analysis of the essence of this category by various scientists. The authors indicated capital as a set of strategic and operational management decisions regarding the formation and distribution of financial resources in order for the enterprise to achieve the necessary level of financial stability, autonomy, and independence. The article defines the purpose, tasks, and principles of managing the enterprise’s financial stability, as well as provides the main stages of managing it. Such an algorithm of actions allows the timely identification of problematic financial aspects and the development of ways to eliminate them and increase the level of financial stability of the enterprise. The authors noted that an important component in the process of managing the financial stability of the enterprise is the analysis of financial stability itself, which makes it possible to evaluate the ability of the enterprise to adapt to external conditions and determine the degree of its independence from external financial support. The article defines both absolute and relative indicators, which make it possible to assess the financial stability of the enterprise. The system of relative indicators that determine the level of financial stability of the enterprise is divided into groups: capitalization ratios and coverage ratios. The set of indicators of financial stability makes it possible to determine the availability, allocation, and use of the available resources of the business entity as well as its real and potential financial capabilities. The authors carried out an analysis of the relative indicators of the financial stability of domestic enterprises based on statistical information. This, in turn, made it possible to make a conclusion about the insufficiency of their owned capital and a significant amount of loan capital, which negatively affects their financial autonomy, independence, and stability.

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