ASSESSMENT OF THE POTENTIAL OF INCREASING THE LEVEL OF SOLVENCY OF INDUSTRIAL ENTERPRISES

Achieving by enterprises a high level of efficiency of their economic activity requires, among other things, ensuring their proper economic sustainability. An important component of this stability is the solvency of business entities, which is reflected in their ability to fulfill their short-term obligations to creditors in a timely manner and in full. An unsatisfactory level of solvency of companies can lead to a decrease in the volume of their operational activities and even lead to its termination with the prospect of subsequent bankruptcy. In order to prevent such a development, the owners and managers of enterprises must constantly monitor the level of their solvency and take timely measures to maintain the ability to repay loans on time. One of the main directions of the mentioned monitoring is the assessment of the potential of increasing the solvency of business entities. In this regard, the purpose of the article is to develop and apply methodological principles for assessing the potential for increasing the solvency level of industrial enterprises. It is shown that this potential should be equated with the ability of economic entities to implement organizational, economic and other measures, the result of which will be an increase in the ability of these enterprises to fulfill their short-term debt obligations in a timely manner and in full. The main provisions on which the assessment of the level of solvency of enterprises should be based are given. The sequence of determining this level is proposed. It was established that the potential of increasing the solvency of the enterprise will be determined by the expected changes that will occur with the indicators of the solvency of the economic entity as a result of the implementation of appropriate measures to increase it. In particular, such measures in this article include reducing the amount of time between the current moment and the moment when certain assets of the company will be converted into cash due to the acceleration of their turnover, as well as increasing the time interval between the current moment and the moment when certain types of liabilities of the company will be converted into cash due to slowing down their turnover.