Solvency ratio of the largest Russian meat products manufacturers
Information agency Credinform has prepared a ranking of the largest Russian manufacturers of packaging. The companies with the largest volume of annual revenue (TOP-10) have been selected for the ranking, according to the data from the Statistical Register for the latest available accounting periods (2014 — 2016). Then they have been ranked by solvency ratio (Table 1). The analysis was based on the data from the Information and Analytical system Globas.
The practical value of solvency ratio of meat products manufacturers amounted from 0,01 to 0,85 in 2016.
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.
|Name, INN, region||Revenue, million RUB||Net profit, million RUB||Solvency ratio (x)||Solvency index Globas|
| Ostankinsky Meat-Processing Plant PJSC
|36 764||39 569||812||928||0,85||0,93||216 Strong|
| ITERA NJSC
|9 619||11 171||485||803||0,77||0,87||208 Strong|
| Mikoyanovsky Meat Factory NJSC
|12 301||12 454||135||155||0,40||0,46||173 High|
| Starodvorskie sausages NJSC
|15 197||16 507||644||307||0,25||0,25||231 Strong|
| Atyashevsky Meat Processing Plant LLC
Republic of Mordovia
|11 503||12 556||149||250||0,14||0,16||214 Strong|
| Poultry Factory LLC
|11 733||11 613||69||95||0,09||0,10||242 Strong|
| Agro-Belogorie Meat Processing Plant LLC
|17 480||15 675||-11||55||0,01||0,02||248 Strong|
| Belaya Ptica-Kursk LLC
|10 696||11 424||-27||29||0,00||0,01||276 Medium|
| Cherkizovsky Meat Processing Plant NJSC
|29 953||32 430||-881||-1 759||0,10||-0,08||288 Medium|
| Velikoluksky Meat Plant PJSC
|15 737||17 250||-1 105||807||-0,36||-0,29||240 Strong|
|Total for TOP-10 companies||172 998||182 665||2 285||3 686|
|Average value for TOP-10 companies||17 300||18 267||229||369||0,23||0,24|
|Average industry value||205||211||2||2||0,14||0,21|
Average value of solvency ratio for TOP-10 companies is above the recommended values. Two of TOP-10 companies a solvency ratio above the recommended, and two companies have a negative ratio value.
Average industry values of solvency ratio tend to decrease within the last decrease (Picture 2). This is indicative of a high dependence of meat processing industry on external loans.