METHODOLOGY FOR ASSESSING THE FINANCIAL SECURITY LEVEL OF INDUSTRIAL ENTERPRISES ON THE EXAMPLE OF THE PHARMACEUTICAL INDUSTRY OF UKRAINE

Author:

Olena Shyshkina, Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Nahornyi Pavlo , Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Language: ukrainian

Annotation:

The article represents a methodology for assessing the financial security level of industrial enterprises. It has been identified the following 7 groups of indicators of financial security of enterprises: financial independence, financial stability, profitability, liquidity, property condition, business activity, development rate. 28 coefficients have been selected that characterize certain aspects of financial security; based on these coefficients, the Integral Financial Security Index (IFSI) and the Differential Financial Security Index (DFSI) have been compiled. The proposed methodology has been used during the analysis of the current financial security level of key players in the pharmaceutical industry of Ukraine. According to the results obtained, some features peculiar to the pharmaceutical industry and industrial enterprises of Ukraine as a whole have been determined.

Key words:

financial security; risks, threats; financial independence; financial stability; profitability; liquidity; property condition; business activity; development rates

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