Information agency Credinform represents a ranking of the largest Russian companies engaged in extraction of non-ferrous metal ores. Companies with the largest volume of annual revenue (TOP-10 and TOP-100) were selected for the ranking, according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2017 - 2019). They were ranked by asset coverage ratio (Table 1). The selection and analysis of companies were based on the data of the Information and Analytical system Globas.

Asset coverage ratio(x) is calculated as the difference between equity and non-current assets to current assets.

The ratio shows the ability of an enterprise to finance current activities only with its working capital. The recommended value is > 0.1.

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.

Table 1. Net profit, revenue, asset turnover ratio, solvency index Globas of the largest Russian companies engaged in extraction of non-ferrous metal ores

Name, INN, region	Revenue, million RUB		Net profit (loss), million RUB		Asset coverage ratio (x), > 0,1		Solvency index Globas
	2018	2019	2018	2019	2018	2019
1	2	3	4	5	6	7	8
JSC SEREBRO MAGADANA INN 4900003918 Magadan region	24 733	25 596	11 094	5 615	0,80	0,85	284 Medium
CHUKOTKA MINING AND GEOLOGICAL COMPANY INN 8709009294 Chukotka autonomous region	30 436	37 516	9 812	12 311	0,62	0,81	305 Adequate
JSC POLYUS MAGADAN INN 4906000960 Magadan region	7 191	37 294	-2 127	15 599	0,19	0,48	292 Medium
JSC BOKSIT TAMANA INN 1117000011 The Republic of Komi	20 761	23 521	1 622	963	0,35	0,31	217 Strong
LLC MEDVEZHIY RUCHEY INN 2457080792 Krasnoyarsk territory	25 681	55 941	5 897	21 254	0,28	0,30	298 Medium
LLC NERYUNGRI-METALLIK INN 1434024359 The Republic of Sakha (Yakutia)	9 278	23 626	3 970	16 631	-3,03	-0,79	275 Medium
LLC GRK BYSTRINSKOE INN 7701568891 Zabaikalye territory	13 137	36 297	-3 672	22 847	-3,83	-1,38	261 Medium
MIKHEEVSKY MINING AND PROCESSING PLANT INN 7428007317 Chelyabinsk region	22 629	23 750	4 418	5 413	-2,52	-1,47	202 Strong
GAISKY MINING AND PROCESSING PLANT INN 5604000700 Orenburg region	25 031	25 382	2 416	1 171	-1,04	-2,09	252 Medium
JSC POLYUS KRASNOYARSK INN 2434000335 Krasnoyarsk territory	135 881	163 654	34 843	86 693	-4,10	-2,58	274 Medium
Average value for TOP-10	31 476	45 258	6 827	18 849	-1,23	-0,56
Average value for TOP-1000	1 109	1 258	180	339	-72,82	-44,72

growth of indicator to the previous period, decrease of indicator to the previous period, colorless – no data for 2017

The average indicator of the asset coverage ratio of TOP-10 has negative value and is above the average one of TOP-1000. In 2019, five companies have values above the recommended one. Eight companies increased the value compared to the previous period.

Picture 1. Asset coverage ratio and revenue of the largest Russian companies engaged in extraction of non-ferrous metal ores (TOP-10)

During six years, the average values of the asset coverage ratio of TOP-1000 were negative with a trend to decrease (Picture 2).

Picture 2. Change in the average values of the asset coverage ratio of the TOP-50 largest Russian companies engaged in extraction of non-ferrous metal ores in 2014 - 2019