Financial condition of Ukrainian companies: problems, trends, prospects

Анотація

The paper substantiates the importance of analyzing the financial state of enterprises in modern conditions. Theoretical approaches to defining the concept of "financial condition of the enterprise" have been studied; problems of business activity in war conditions; individual indicators characterizing the financial condition of Ukrainian enterprises in the period 2019-2023. In particular, the composition and structure of assets and liabilities of Ukrainian enterprises were investigated; financial results of their activities; the share of profit-making enterprises; profitability level. It was established that during 2019-2023 the value of assets of Ukrainian enterprises increased. Moreover, the value of both non-current assets and current assets increased. As of the end of 2023, relative to 2019, the capital of domestic enterprises increased by 43%. Such changes occurred due to increased equity and loan capital. In the capital structure of domestic enterprises during the studied period, the share of loan capital significantly prevailed. As a result of the analysis, problems with ensuring the appropriate level of financial stability and efficiency of Ukrainian enterprises were revealed. Data from the State Statistics Service of Ukraine indicate a decrease in the share of profitable enterprises during the war years. This trend is typical for both large and medium-sized and small enterprises. In 2023, the situation improved compared to 2022, which shows that the business is recovering and adapting to work in the existing realities. Separate directions for stabilizing the financial condition of Ukrainian enterprises are proposed, in particular, constant monitoring of the changing external environment of the enterprise's functioning; periodic analysis of their financial condition; optimization of the structure of assets and liabilities; compliance with payment discipline; diversification of activities; an effective system of planning and control over the execution of plans; determination of reserves for improving the company's financial condition and development of directions for their use.

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