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Liquidity of the issuer, sufficiency of the capital and circulating assets
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| bet | 68/360 | | Sana | 01.04.2017 | | Hajmi | 10.4 Mb. | | #2801 |
| 4.2. Liquidity of the issuer, sufficiency of the capital and circulating assets
Unit of measure: thousand Rubles
Indicator
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2005
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2006
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2007
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2008
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2009
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2010, 3 months
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Own circulating assets
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-4 586
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-12 667
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16 028
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-10 564 998
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-12 225 597
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-10 439 876
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Constant asset index
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1.37
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1.49
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0.87
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1.27
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1.3
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1.24
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Current liquidity ratio
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0.96
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0.96
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1.05
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0.69
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1.04
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1.46
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Acid ratio
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0.93
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0.94
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1.02
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0.54
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0.8
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1.2
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Equity ratio
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0.09
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0.08
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0.25
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0.68
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0.68
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0.69
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Economic analysis of liquidity and solvency of the issuer on the grounds of economic analysis of dynamics of the given indicators:
Working capital, thousand Rubles – Capital and reserves (minus treasury shares) – target financing and receipts + deferred income – non-current assets
Net fixed assets index – (Non-current assets + long-term accounts receivable) / (Capital and reserves (minus treasury shares) - target financing and receipts + deferred income)
Current liquidity ratio – (Current assets – long-term accounts receivable) / (Short-term liabilities (net of deferred income))
Quick ration – (Current assets - supply- value added tax on purchased valuables – long-term accounts receivable) / (Short-term liabilities (net of deferred income))
Equity-assets ratio – Capital and reserves (minus treasury shares) - target financing and receipts + deferred income / (Non-current assets + Current assets)
The amount of non-current assets considerably exceeds the amount of own capital since the issuer pursues the policy of financing of the investment program aimed at updating of the fixed production assets, due to attraction of long-term financing that affected values of parameters “Own circulating assets” and “Constant assets index”.
One of the enterprise financial position indicator is its solvency and liquidity, i.e. an opportunity in due time to repay its liabilities.
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