Information agency Credinform represents the ranking of the largest Russian manufacturers and suppliers of equipment for the food industry. The enterprises with the largest volume of annual revenue (TOP-10) were selected for the ranking, according to the data from the Statistical Register for the latest available periods (for 2014-2016). Then they were ranked by the absolute liquidity ratio (Table 1). The analysis was made on the basis of the data of the Information and Analytical system Globas.

Absolute liquidity ratio (х) is calculated as the ratio of the amount of cash, being at the disposal of a company, to short-term liabilities. It determines the share of short-term liabilities, which an enterprise can pay off in the near future. The recommended value is from 0,1 up to 0,15. The higher is the indicator, the better is the solvency of an enterprise.

However, a too high value of the ratio may indicate an irrational capital structure and unused assets in the form of cash and funds on accounts that, over time and as a result of inflation, depreciate and lose their initial liquidity.

The experts of the Information agency Credinform, taking into account the actual situation both in the economy as a whole and in the sectors, has developed and implemented in the Information and Analytical system Globas the calculation of practical values of financial ratios that can be recognized as normal for a particular industry.

For manufacturers and suppliers of equipment for the food industry the industry average practical values of the absolute liquidity ratio made in 2016 from 0,01 up to 0,34 and 0,37, respectively.

For getting of the most comprehensive and fair picture of the financial standing of an enterprise it is necessary to pay attention to all combination of indicators and financial ratios.

Table 1. Net profit, revenue, absolute liquidity ratio, solvency index Globas of the largest Russian manufacturers and suppliers of equipment for the food industry (TOP-10)

Name, INN, region, type of activity	Revenue, mln RUB		Net profit, mln RUB		Absolute liquidity ratio (x)		Solvency index Globas
	2015	2016	2015	2016	2015	2016
MELINVEST NJSC INN 5257003490 Nizhny Novgorod region Manufacture of machinery and equipment for production of food, beverages and tobacco products	1 401	1 392	169	137	1,24	2,24	180 High
MASHINOSTROITELNAYA KOMPANIYA TEKHNEKS LLC INN 6678049565 Sverdlovsk region Manufacture of machinery and equipment for production of food, beverages and tobacco products	1 156	1 787	68	156	0,78	0,66	169 Superior
KHS RUS LLC INN 7706502693 Moscow Wholesale of machinery and equipment for production of food, beverages and tobacco products	1 114	1 230	95	91	0,28	0,44	211 Strong
ZAVOD BRANDFORD LLC INN 4401143067 Kostroma region Manufacture of machinery and equipment for production of food, beverages and tobacco products	2 375	3 931	348	372	0,05	0,42	198 High
ALFA LAVAL POTOK NJSC INN 5018035564 Moscow region Manufacture of machinery and equipment for production of food, beverages and tobacco products	6 064	4 232	174	55	0,20	0,21	245 Strong
AIRCOOL CO LLC INN 7825124257 St. Petersburg Wholesale of machinery and equipment for production of food, beverages and tobacco products	1 498	1 293	75	50	0,22	0,18	230 Strong
TEKNOPAK LLC INN 7701372708 Moscow Wholesale of machinery and equipment for production of food, beverages and tobacco products	50	1 338	2	13	0,48	0,08	258 Medium
ANTES LLC INN 5018023992 Moscow region Wholesale of machinery and equipment for production of food, beverages and tobacco products	1 349	1 318	70	135	0,29	0,07	191 High
BRANDFORD LLC INN 4401045285 Kostroma region Manufacture of machinery and equipment for production of food, beverages and tobacco products	1 389	2 054	2	118	0,00	0,05	229 Strong
NKH-LOGISTIK LLC INN 5257154509 Nizhny Novgorod region Wholesale of machinery and equipment for production of food, beverages and tobacco products	48	1 247	2	31	0,00	0,00	260 Medium
Total by TOP-10 companies	16 444	19 821	1 005	1 159
Average value by TOP-10 companies	1 644	1 982	100	116	0,36	0,44
Industry average value in the manufacture of machinery and equipment for production of food	67	68	3	3	0,14	0,13
Industry average value in the wholesale of machinery and equipment for production of food	48	51	1	3	0,13	0,12

— growth of the indicator to the previous period, — decline of the indicator to the previous period.

The average value of the absolute liquidity ratio of TOP-10 companies in 2016 is higher than the recommended and practical intervals and above the industry average indicators.

Picture 1. Absolute liquidity ratio and revenue of the largest Russian manufacturers and suppliers of equipment for the food industry (TOP-10)

Over the course of 10 years, the industry average indicators of the absolute liquidity ratio in the manufacture of machinery and equipment for food production tend to increase, and in the wholesale of machinery and equipment for food production — to decrease (Picture 2).

Picture 2. Change in the industry average values of the absolute liquidity ratio of the largest Russian manufacturers and suppliers of equipment for the food industry in 2007 — 2016