ASSESSMENT OF SOLVENCY FOR FINANCIAL STABILITY MANAGEMENT OF CHEMICAL INDUSTRY ENTERPRISES OF THE ORENBURG REGION

Abstract

Solvency is the main focus of the analysis of the financial condition of a commercial enterprise, as it reflects the possibility of repayment of obligations at a specific time or in the near future. At the same time, solvency is determined by the result of maneuvering the financial resources of the enterprise and shows their sufficiency and the possibility of use. This is the relationship between solvency and financial stability of a commercial enterprise. Timely and reliable assessment of solvency provides an opportunity to identify problems of managing financial resources of a commercial enterprise, in terms of controlling settlements with debtors and creditors, the possibility of forming financial reserves. This study is devoted to the disclosure of the content, methods of diagnosing the solvency of commercial enterprises. The systematization of factors affecting solvency is carried out, the directions of its restoration are presented. The solvency of the chemical industry enterprises of the Orenburg region was determined using the coefficient method, scoring models for assessing the solvency of Dontsova – Nikiforova and the Savitskaya model. The revealed trends made it possible to establish patterns of solvency and financial stability in the studied segment of the region's economy, as well as to formulate controversial points of interpretation of the calculated values of the results of the applied methods. The author's solvency assessment model has been developed, taking into account the specifics of the activities of chemical industry enterprises, which can be useful in managing the finances of the enterprise.