COMPARATIVE ANALYSIS OF THE FINANCIAL CONDITION OF ENGINEERING ENTERPRISES BASED ON THE USE OF ECONOMIC AND MATHEMATICAL MODELS

The relevance of assessing the financial condition of engineering enterprises is shown. The choice of research objects is substantiated key domestic engineering enterprises producing gas turbine engines of various applications. The main indicators characterizing the financial results of their activities for 2017—2019 are considered. Based on the approaches set forth by the authors [1], a comparative retrospective analysis of the financial condition of these enterprises was carried out on the basis of public accounting data for 2017—2019 using modern techniques and economic-mathematical models: V. F. Palia, A. D. Sheremet and E. V. Negashev, E. Altman, R. R. Sayfullin and G. G. Kadykov, G. V. Savitskaya, I. V. Martynova, A. B. Perfiliev, G. V. Davydova and A. Yu. Belikov, A. Yu. Tarasova, developed and / or presented by the authors [2—5]. Advantages and disadvantages of the considered methods and models are indicated. The values of liquidity ratios and financial stability, as well as indicators of the “balance model” are determined. The necessary calculations of each of the particular coefficients of the models used and generalizing indicators of each of the economic and mathematical models are presented. The necessary interpretation of the results is given. It has been established that it is most expedient to use economic and mathematical models taking into account the relevant industry specifics to assess the financial condition of engineering enterprises. Based on the results obtained, the feasibility of sharing for the analysis of the financial condition of Russian industrial machine-building enterprises the methods of analysis of absolute indicators of the balance sheet of A. D. Sheremet and E. V. Negashev and the eight-factor economic and mathematical model of A. B. Perfiliev. The results of calculating the indicators of all three studied enterprises according to the model of A. B. Perfiliev revealed its greatest sensitivity to changes in indicators characterizing the financial condition of an industrial enterprise.

engineering, industrial enterprise, balance sheet, financial condition, solvency, financial stability, balance sheet model, liquidity, economic and mathematical model, financial ratios, general indicator.

Kamakina O. V., Nemtyrev O. V., Mudrevskiy A. Yu. Comparative analysis of the financial condition of engineering enterprises based on the use of economic and mathematical models. Business. Education. Law, 2020, no. 2, pp. 180–188. DOI: 10.25683/VOLBI.2020.51.247.