Analysis and forecasting of financial sustainability of enterprises in modern conditions: methodology and practice

Abstract

Introduction. The article summarizes the methodological tools of financial analysis of the enterprise and its use with the aim of the retrospective, current and future research.

Purpose. The article aims to determine the main methods to assess the financial state in general and financial sustainability in particular; to study the system of indicators to measure the financial sustainability through new forms of financial reporting; to systematize the information about the main issues that arise in the process of analyzing the financial situation of domestic enterprises in modern conditions; to identify the key areas of their solution.

Results. In the article it has been grounded the use of indicators of financial stability and solvency as key indicators of financial well-being of the company. The basic tasks of analyzing the financial stability and solvency of the company and the system of factors that affect the financial state are determined.

It has been analysed the economic content and algorithm of financial ratios calculation which is basedon a new form of balance. Types of financial stability and their characteristics are determined. On the example of capital structure variants the indicators of financial leverage and financial stability have been calculated. The variant of raising funds without violation of the stability of financial condition is proposed. In order to analyze prospective financial condition of the company and assessment of financial stability it has been offeref to use the techniques of compilation of projected financial statements on the basis of  forecasting of financial and economic activity.

The main objective conditions to stabilize the financial sustainability of the company, exit from financial crisis condition have been determined. They are as the following ones: the increase of the share of own current assets in current assets;the additional attraction of borrowed funds  on condition of positive effect of financial leverage; the reduction of residues of inventory items by implementing stocks that are not used in production.