Industrialization as a factor of external conjuncture and internal environment influence on financial stability of non-ferrous metals companies

DOI

10.2991/sicni-18.2019.39How to use a DOI?

Keywords

regional economy, rapid development, innovation, industrial potential, financial stability, metallurgical industry, non-ferrous industry.

Abstract

The subject of the present study is the financial soundness of metallurgical enterprises during the period of Russia’s industrial development. The aim of the present study is to compare the financial data of enterprises operating in the Russian Federation metallurgical industry, to identify existing problems, and to propose innovative solutions to improve performance. The study employs statistical, comparative and systemic analyses, as well as synthesis and forecasting. The outline of the study: 1. Applying financial ratios, the authors analysed financial stability of JSC Uralelektromed – one of the leading copper refineries and PJSC Nornickel Mining Company – Russia’s leading metals and mining company. 2. As the result of this study, conclusions on current financial health of two leading Russian companies operating in non-ferrous metals industry were made. The main study findings: 1. The financial health of companies operating in non-ferrous metals industry in 2016-2017 was demonstrating a declining trend because of the increased share of borrowed funds in the capital structure. 2. Although the financial stability of the companies studied was declining, they both reported profits. 3. Financial Ratios were used to carry out a comprehensive analysis of companies’ financial health and a three component model was applied to evaluate the degree of financial stability.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Maya Lvovа
AU  - Elena Panfilova
AU  - Ksenia Shoppert
PY  - 2019/01
DA  - 2019/01
TI  - Industrialization as a factor of external conjuncture and internal environment influence on financial stability of non-ferrous metals companies
BT  - Proceedings of the 2nd International Scientific conference on New Industrialization: Global, national, regional dimension (SICNI 2018)
PB  - Atlantis Press
SP  - 191
EP  - 195
SN  - 2352-5398
UR  - https://doi.org/10.2991/sicni-18.2019.39
DO  - 10.2991/sicni-18.2019.39
ID  - Lvovа2019/01
ER  -