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The Integral Assessment of the Financial Status and Creditworthiness of Communal Enterprises in Ukraine
Andrenko O. A., Mordovtsev O. S., Mordovtsev S. M.

Andrenko, Olena A., Mordovtsev, Oleksandr S., and Mordovtsev, Sergii M. (2020) “The Integral Assessment of the Financial Status and Creditworthiness of Communal Enterprises in Ukraine.” Business Inform 6:116–122.
https://doi.org/10.32983/2222-4459-2020-6-116-122

Section: Economic and Mathematical Modeling

UDC 336.64:519.237

Abstract:
The article is aimed at developing a methodical approach to the integral assessment of the financial status of communal enterprises using the multidimensional statistical analysis method, since a comprehensive assessment of the activities of communal enterprises in the industry, which top the rating, will allow to use their achievements to solve the problems of enterprises-outsiders. It is concluded that the methods of calculating integral indicators presented in the Regulations developed by the NBU and the Ministry of Finance of Ukraine do not adequately reflect the true financial status and level of creditworthiness of enterprises. An approach to the integral assessment of the financial status is proposed, which involves building up a model of an integral index of the financial status of the enterprise; introduction and improvement of the information system for monitoring the financial-economic activities of enterprise; organization of a continuous comprehensive assessment and monitoring the main indicators that characterize the enterprise’s financial potential. The main stages of building up an integral index model using the main component method are described. An integral index, which characterizes the financial status of communal enterprises, is calculated and an industry rating of water supplying communal enterprises is compiled, allowing to respond in a timely manner to the deterioration of financial potential in the development of anti-crisis management solutions for enterprises-outsiders. Further research suggests improving the model through repeated testing for communal enterprises in various industries. This will allow to determine the final set of indicators to form the integral index.

Keywords: communal enterprise, methodical approach, financial status, integral index, rating, creditworthiness, debtor class.

Fig.: 2. Tabl.: 2. Formulae: 1. Bibl.: 12.

Andrenko Olena A. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance, Accounting and Business Security, O. M. Beketov National University of Urban Economy in Kharkiv (17 Marshala Bazhanova Str., Kharkіv, 61002, Ukraine)
Email: [email protected]
Mordovtsev Oleksandr S. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Business and Finance, National Technical University «Kharkiv Polytechnic Institute» (2 Kyrpychova Str., Kharkіv, 61002, Ukraine)
Email: [email protected]
Mordovtsev Sergii M. – Candidate of Sciences (Engineering), Associate Professor, Associate Professor, Department of Higher Mathematics, O. M. Beketov National University of Urban Economy in Kharkiv (17 Marshala Bazhanova Str., Kharkіv, 61002, Ukraine)
Email: [email protected]

List of references in article

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Hryhoruk, P. M., and Tkachenko, I. S. “Metody pobudovy intehralnoho pokaznyka“ [Methods of Constructing an Integrated Indicator]. Biznes Inform. 2012. https://www.business-inform.net/export_pdf/business-inform-2012-4_0-pages-34_38.pdf
Perevozniuk, V. “Finansovyi stan pidpryiemstv vodopostachannia ta vodovidvedennia: porivnialnyi analiz“ [Financial Condition of Water Supply and Sewerage Enterprises: A Comparative Analysis]. Visnyk Ternopilskoho natsionalnoho ekonomichnoho universytetu. 2014. http://dspace.tneu.edu.ua/bitstream/316497/4786/1/Перевознюк%20В..pdf
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Chaikovskyi, Ya. V., and Krasnov, S. O. “Zarubizhni modeli analizu kredytospromozhnosti pozychalnykiv - yurydychnykh osib“ [Foreign Models of Analysis of Creditworthiness of Legal Entities]. Nauka moloda. 2015. http://dspace.tneu.edu.ua/jspui/bitstream/316497/3387/1/Чайковський%20Я.%20І..pdf
Krutova, A. S., and Kashchena, N. B. “Teoretyko-metodychni aspekty analizu kredytospromozhnosti pidpryiemstva“ [Theoretical and Methodological Aspects of Analysis of the Company's Creditworthiness]. Problemy ekonomiky. 2017. https://www.problecon.com/export_pdf/problems-of-economy-2017-1_0-pages-211_216.pdf
[Legal Act of Ukraine] (2016). https://zakon.rada.gov.ua/laws/show/v0351500-16#Text
Andrenko, O. A., Mordovtsev, S. M., and Mordovtsev, O. S. “Intehralnyi indeks finansovoho stanu pidpryiemstv vodoprovidno-kanalizatsiinoho hospodarstva Ukrainy“ [Integral Index of Financial Condition of Water Supply and Sewerage Enterprises of Ukraine]. Komunalne hospodarstvo mist. Seriia «Ekonomichni nauky». 2019. https://khg.kname.edu.ua/index.php/khg/article/view/5473/5396
[Legal Act of Ukraine] (2016). https://zakon.rada.gov.ua/laws/show/z1095-16/stru/page2

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