Mechanism for Assessing Financial Stability to Identify the Risks of Working with Contractors

Abstract

Relevance. The article examines the existing methods of assessing the financial stability of commercial organizations and identifies differences in approaches to assessing the financial stability of production and trade organizations, including those working under a commission agreement and/or agency agreement. A mechanism for assessing the financial stability of a counterparty is proposed, which allows step-by-step: to assess the liquidity of the balance sheet and calculate the payment surplus/shortage; to determine the type of financial stability using various assessment methods; to analyze the indicators of financial stability in dynamics by means of calculating and comparing the corresponding values of the coefficients. The existing methodology for calculating aggregated indicators to determine the type of financial stability of counterparties who are commission agents and/or agents has been clarified.The purpose is develop a financial stability assessment mechanism applicable to determine the risk of nonfulfillment of obligations by counterparties.Objectives: to analyze approaches to the definition of "financial stability"; to identify types of risks when working with counterparties; to classify counterparties according to the degree of risk of default; to propose a methodology for calculating aggregated balance sheet liquidity indicators for resellers, as well as a methodology for calculating aggregated indicators when analyzing the financial stability of resellers.Methodology. A wide range of research methods and theoretical concepts have been used to assess financial stability. The main methods of analysis and synthesis, didactics, coefficient analysis, financial analysis, contributing to a detailed consideration of the research problem.Results. A mechanism for assessing the financial stability of a counterparty is proposed, on the basis of which the types of risks when working with counterparties are determined; the existing methodology for calculating aggregated indicators to determine the type of financial stability of counterparties who are commission agents and/or agents is clarified.Conclusion. The result of the study was the developed mechanism for assessing the financial stability of the counterparty, which is carried out in stages.