Diagnostic Assessment of an Enterprise’s Financial Condition in Wartime: A Practical Case Study

Анотація

Introduction. Under the current conditions of martial law, Ukrainian enterprises face multidimensional challenges that disrupt established business models, complicate access to resources, and transform the structure of financial risks. This situation necessitates a rethinking of approaches to diagnosing financial sustainability, particularly in sectors that provide material infrastructure and support the energy transition. One such sector is the production of façade systems, which integrates construction technologies, energy-efficient solutions, and logistical infrastructure, demonstrating a high level of adaptability in times of crisis. Purpose. The purpose of this study is the authorial development and empirical testing of a comprehensive model for diagnosing the financial sustainability of an enterprise under wartime conditions, taking into account sectoral specificity, adaptive potential, and the impact of crisis-related constraints. Method (methodology). The methodological framework of the study combines adapted financial analysis methods with the author’s weighted model of the War-time Financial Stability Index (WFSI), designed to quantitatively assess a business’s ability to adapt to extreme conditions. The model incorporates human resource, logistical, financial, insurance, and import-dependence factors that determine the viability of an enterprise in a context of wartime instability. The study also draws on a system of wartime risk coefficients, elements of scenario modeling, and comparative analysis. The empirical base includes the enterprise’s financial statements, sectoral statistical data, and recommendations from international organizations regarding business resilience in emergency situations. Results. As a result of the study, an original diagnostic model − the War-time Financial Stability Index (WFSI) − was developed and tested, enabling a comprehensive assessment of a business’s capacity to adapt to extreme conditions. The practical application of the model using the case of LLC «FASAD-PLUS» confirmed its applied effectiveness. Specifically, the company achieved a high level of financial resilience (WFSI = 0,8315), maintaining workforce stability, logistical activity, and operational efficiency throughout 2024. The proposed approach can be used to inform adaptive management decisions in the construction, energy, and other critically important sectors of the economy.

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