Solvency ratio of the largest Russian manufacturers of packaging

ranking 05/04/2018

Information agency Credinform has prepared a ranking of the largest Russian manufacturers of packaging. The companies with the largest annual revenue (TOP-10) have been selected for the ranking, according to the data from the Statistical Register for the latest available accounting periods (2016, 2015 and 2014). Then they have been ranked by solvency ratio (Table 1). The analysis was based on the data from the Information and Analytical system Globas.

Solvency ratio (x) is a ratio of shareholders’ equity to total assets, and it shows the dependence of the company on external loans. Its recommended value: > 0,5. A value less than a minimum one is indicative of dependence on external sources of funds, which may result in a liquidity crisis, unstable financial standing in the event of economic downturn.

The whole set of indicators and financial ratios is to be considered in order to get a full and comprehensive insight into a company’s financial standing.

Table 1. Net profit, revenue, solvency ratio, solvency index Globas of the largest Russian manufacturers of packaging (TOP-10)
Name, INN, region Revenue, million RUB Net profit, million RUB Solvency ratio (x), > 0,5 Solvency index Globas
2015 2016 2015 2016 2015 2016
1 2 3 4 5 6 7 8
National Enterprise Naberezhnochelninsky paperboard plant S.P.Titov NJSC
INN 1650017638
Republic of Tatarstan
8 268 9 418 1 283 1 262 0,89 0,89 148 Superior
AR Carton NJSC
INN 2353017002
Krasnodar territory
5 579 6 199 778 668 0,60 0,84 130 Superior
ALPLA LLC
INN 5056000026
Moscow region
6 695 7 679 787 1 180 0,54 0,76 136 Superior
Stora Enso Packaging BB LLC
INN 4003014954
Kaluga region
6 595 7 733 903 1 415 0,56 0,74 148 Superior
Smurfit Kappa Saint Petersburg NJSC
INN 4703029321
Leningrad region
5 451 6 347 250 481 0,66 0,70 144 Superior
ARKHBUM NJSC
INN 2903003430
Arkhangelsk region
6 169 7 650 217 817 0,47 0,57 176 High
Tetra Pak NJSC
INN 7706017070
Moscow
39 018 39 663 2 643 4 744 0,26 0,43 177 High
Huhtamaki CIS LLC
INN 7724000760
Moscow region
5 074 6 261 151 591 0,23 0,35 202 Strong
RETAL NJSC
INN 7704521059
Moscow region
16 073 15 118 705 657 0,30 0,26 203 Strong
GOTEK NJSC
INN 4633000037
Kursk region
5 789 6 695 159 77 0,00 0,01 232 Strong
Total for TOP-10 104 710 112 762 7 876 11 893      
Average value for TOP-10 10 471 11 276 788 1 189 0,45 0,56  
Average value for TOP-1000 345 386 14 21      

Average value of solvency ratio for TOP-10 companies in 2016 is above the recommended value. Six of TOP-10 companies increased their revenue and net profit in 2015 – 2016 2016 compared to prior period (highlighted green in columns 2 – 5 of Table 1). Other companies had a decrease in revenue or net profit (highlighted red in columns 2 – 5 of Table 1).

Picture 1. Solvency ratio and revenue of the largest Russian manufacturers of packaging (TOP-10) Picture 1. Solvency ratio and revenue of the largest Russian manufacturers of packaging (TOP-10)