TOP-10 companies engaged in extraction of non-ferrous metal ores by asset coverage ratio

ranking 27/01/2021

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 up25 596 11 094 down5 615 0,80 up0,85 284 Medium
CHUKOTKA MINING AND GEOLOGICAL COMPANY
INN 8709009294 Chukotka autonomous region
30 436 up37 516 9 812 up12 311 0,62 up0,81 305 Adequate
JSC POLYUS MAGADAN
INN 4906000960 Magadan region
7 191 up37 294 -2 127 up15 599 0,19 up0,48 292 Medium
JSC BOKSIT TAMANA
INN 1117000011 The Republic of Komi
up20 761 up23 521 down1 622 down963 up0,35 down0,31 217 Strong
LLC MEDVEZHIY RUCHEY
INN 2457080792 Krasnoyarsk territory
25 681 up55 941 5 897 up21 254 0,28 up0,30 298 Medium
LLC NERYUNGRI-METALLIK
INN 1434024359 The Republic of Sakha (Yakutia)
9 278 up23 626 3 970 up16 631 -3,03 up-0,79 275 Medium
LLC GRK BYSTRINSKOE
INN 7701568891 Zabaikalye territory
up13 137 up36 297 down-3 672 up22 847 up-3,83 up-1,38 261 Medium
MIKHEEVSKY MINING AND PROCESSING PLANT
INN 7428007317 Chelyabinsk region
up22 629 up23 750 up4 418 up5 413 up-2,52 up-1,47 202 Strong
GAISKY MINING AND PROCESSING PLANT
INN 5604000700 Orenburg region
up25 031 up25 382 up2 416 down1 171 down-1,04 down-2,09 252 Medium
JSC POLYUS KRASNOYARSK
INN 2434000335 Krasnoyarsk territory
135 881 up163 654 34 843 up86 693 -4,10 up-2,58 274 Medium
Average value for TOP-10 up31 476 up45 258 up6 827 up18 849 up-1,23 up-0,56  
Average value for TOP-1000 down1 109 up1 258 down180 up339 down-72,82 up-44,72  

вверх growth of indicator to the previous period, вниз decrease of indicator to the previous period, вниз 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) 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 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