Dynamics of the main relative indicators of financial stability

Indicators	At the beginning of the reporting period	At the end of the reporting period	Absolute deviation (+, -)
Coefficient of autonomy	0.78	0.8	0.02
Debt ratio	0.20	0.21	0.01
Coefficient of financial dependence	1.28	1.25	-0.03
Ratio of long-term financial independence	0.72	0.73	0.01
The ratio of debt and equity	0.02	0	-0.02
Financial leverage ratio	0.28	0.24	-0.04
Coefficient of financial dependence of capitalized sources	0.027	0.01	-0.017
Coefficient of financial the independence of capitalized sources	0.97	0.99	0.02
Coefficient of ensuring own working capital	0.62	0.46	-0.16
Mobility rate of own funds	0.42	0.19	-0.23

Coefficient of autonomy is exceeds0.5. Thus, all liabilities of the enterprise be covered by its own funds. Independent of the enterprise from external sources of financing is stable.

Debt ratio shows that enterprise uses liabilities for financing assets almost on 21%.

The high value of the coefficient of financial dependence shows that the company uses borrowed funds. The decrease of coefficient of financial dependence in dynamics suggests the decrease in the share of borrowed funds in enterprises financing, and hence decrease of its financial dependence on creditors and investors.

The greater the value of the ratio of long-term financial independence, the higher the financial stability of the company and the smaller share of its current obligations that require continuous operational control over their timely return. The growth rate shows an increase of financial potential future development.

The ratio of liabilities and equity shows the volume of liabilities accounted for every gryvna of own funds, invested in enterprise’s assets, and characterizes the level of company’s dependence on the involved funding. The ratio вo not exceeds 1.0, so most property is formed by own costs.

7. Analysis of liquidity and solvency

Analysis of balance sheet liquidity consists in comparison of asset articles, grouped on the basis of liquidity and arranged in order of descending, with articles of liabilities, grouped on the basis of terms and placed in order of increasing obligations maturities. Analysis of balance sheet liquidity of enterprise is provided in analytical table (Table 12):

Table 12

Analysis of balance sheet liquidity

Ranking assets balance	At the beginning of the reporting period, ths UAH	At the end of the reporting period, ths UAH	Ranking liabilities balance	At the beginning of the reporting period, ths UAH	At the end of the reporting period, ths UAH	Payments surplus (+), lack (-)		The level of liabilities coverage,%
						At the beginning of the reporting period, ths UAH	At the end of the reporting period, ths UAH	At the beginning of the reporting period, ths UAH	At the end of the reporting period, ths UAH
1. Most liquid assets (A1)	475	228	1. Immediate liabilities (L1)	83078	85087	+82603	84859	0,572	0,268
2. Quick-liquid assets (A2)	158724	123374	2. Short-term liabilities (L2)	-	-	-158724	-126374	-	-
3. Slowly liquid assets (A3)	135159	88640	3. Long-term liabilities (L3)	9134	5544	-126025	-83096	1479,73	1598,84
4. Heavy liquid assets (A4)	198632	299710	4. Permanent liabilities (L4)	326197	367449	127565	67739	60,893	81,565
Balance	492990	511952	Balance	418409	458080	-	-	-	-

Balance sheet is not completely liquid, since no condition A1> L1 at the beginning and end of the reporting period. The condition A3> L3 for the enterprise performed, indicating a high level of solvency perspective, the existence of an enterprise of sufficient stocks, commodities and other assets that are implemented slowly.Condition A4> L4 is not fulfilled, indicating a lack of company equity, which is directed to the formation of current assets.

Table 13