FINANCIAL STABILITY AS A NECESSARY CONDITION FOR INSURING COMPETITIVENESS AND SECURITY OF INDUSTRIAL ENTERPRISES

The isolation of the financial stability's components should be based on the principles of balance and future growth ensuring of the production system. Company's financial stability is formed in the course of its production and financial activities. It is maintained and reproduced at the stages of product realization and distribution. Therefore, in our opinion, it is necessary to isolate such functional components as production, management, innovative, marketing, and financial and business (market) ones. Special attention should be paid to the financial and business stability as the main indicators of company's effectiveness, quality and development. They serve control sections in the system of economic stability control. Indexes characterizing the company's financial stability degree and development capability are, first of all, quantitative indicators, i.e. financial stability, solvency, liquidity, business activity, etc. In the course of factor analysis ensuring the financial stability of fixed assets in mining companies, a method of the integral estimate of company's stability has been proposed, which allows to assess the actual values of its activities and its role in ensuring company's stable development. It provides an estimation of functional dependencies the set of factors inherent in the separate productions. This approach makes possible to get analytical information on business development dynamics, reveal problems in company's operation and existing untapped reserves for overcoming external threats. As a result, the consistency of cash flows is disturbed, production profitability decreases greatly, sales markets are lost, internal conflicts and relations with business partners become more acute. The absence of a smooth system of corporate management costs financial losses and bankruptcy risks. According to the second scenario, the loss of financial stability occurs through a slow increase of the deviations of the values of company's activity indexes from their optimal values.