The liabilities and assets ratio of the largest Russian companies that received support from the government
Information agency Credinform represents a ranking of the largest Russian companies that received support from the government (subsidies, subventions, budget investments, inter-budget transfers, independent guarantees, sureties and training events of the SME Corporation). Companies with the largest volume of annual revenue (TOP-10) were selected for the ranking, according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2018 - 2019). They were ranked by the liabilities to assets ratio (Table 1). The analysis was based on the data of the Information and Analytical system Globas.
Sales revenue and net income show the scale and efficiency of the business activity, and the liabilities to assets ratio indicates the risk of the entity’s insolvency.
Exceeding the upper standard value indicates excessive debt load, which can stimulate development, but negatively affects the stability of the financial position of the company. If the value is below the standard value, this may indicate a conservative strategy of financial management and excessive caution in attracting new borrowed funds.
For the most complete and objective view of the financial condition of the enterprise, it is necessary to pay attention to the complex of indicators and financial ratios of the company.
|Name, INN, region||Revenue, million RUB||Net profit (loss), million RUB||Liabilities to assets ratio (x), from 0,2 to 0,5||Solvency index Globas|
INN 1644003838 Republic of Tatarstan
|793 237||827 027||197 523||156 046||0,22||0,30||173 Superior|
|JSC RUSSIAN RAILWAYS
INN 7708503727 Moscow
|1 798 396||1 848 123||18 363||53 457||0,30||0,32||196 High|
|JSC MAGNITOGORSK IRON&STEEL WORKS
INN 7414003633 Chelyabinsk region
|458 218||434 869||73 689||55 563||0,36||0,38||174 Superior|
|JSC SIBUR HOLDING
INN 7727547261 Tyumen region
|486 062||462 950||108 439||111 911||0,46||0,43||194 High|
|LLC TOYOTA MOTOR
INN 7710390358 Moscow region
|313 242||299 016||12 386||8 651||0,48||0,54||214 Strong|
INN 3528000597 Vologda region
|432 773||457 588||124 269||105 732||0,55||0,64||193 Superior|
INN 7707049388 Saint Petersburg
|305 939||319 726||5 381||-3 363||0,59||0,64||267 Medium|
|JSC AEROFLOT-RUSSIAN AIRLINES
INN 7712040126 Moscow
|504 697||551 767||2 796||5 287||0,65||0,65||195 High|
|LLC VOLKSWAGEN GROUP RUS
INN 5042059767 Kaluga region
|289 243||330 882||8 749||17 988||0,79||0,72||210 Strong|
INN 7812014560 Moscow
|305 426||312 305||16 430||3 645||0,75||0,77||250 Medium|
|Average value for TOP-10||568 723||584 425||56 803||51 492||0,51||0,54|
|Average value for TOP-1000||20 374||20 946||1 331||1 559||0,65||0,63|
growth of indicator to the previous period, decrease of indicator to the previous period
The average indicator of the net profit ratio of TOP-10 is below the average one of TOP-1000. In 2019, five companies have increased the value compared to the previous period.
During six years, the average values of the liabilities to assets ratio of TOP-1000 have a positive trend to decrease (Picture 2).