TOP-10 of the largest Russian travel agencies by asset coverage

ranking 20/08/2020

Information agency Credinform represents a ranking of the largest Russian travel agencies. Companies with the largest volume of annual revenue (TOP-10) were selected for the ranking, according to the data from the Statistical Register for the latest available periods (2017 - 2019). They were ranked by the asset coverage ratio (Table 1). The analysis was 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 characterizes the ability of a company to finance current activities only with its current assets. The recommended value of the ratio 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 coverage ratio, solvency index Globas of the largest Russian travel agencies (TOP-10)
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 INTERCONNECT MANAGEMENT CORPORATION
INN 7728580286 Moscow
up1 345,55 up1 350,38 up45,64 up59,58 up0,38 up0,38 196 High
LLC WHITE TRAVEL
INN 7707770166 Moscow
up876,56 up1 771,49 up89,06 up118,14 up0,10 up0,25 198 High
LLC AEROCLUB TOUR
INN 7702520780 Moscow
up1 464,87 up1 815,36 up38,90 up84,20 up0,22 down0,21 197 High
JSC SIRENA-TRAVEL
INN 7714171484 Moscow
up2 639,75 up2 747,93 up1 051,92 down975,95 down0,17 up0,18 144 Superior
LLC MANAGEMENT COMPANY CITY CENTER FOR RESERVATION AND TOURISM
INN 5003102627 Moscow region
up1 301,67 up1 863,86 down5,43 up21,35 down0,04 up0,11 248 Strong
LLC AKADEMSERVIS
INN 5024053441 Moscow region
down5 052,68 up5 417,23 up67,13 down26,14 up0,04 up0,09 206 Strong
LLC S 7 TRAVEL RETAIL
INN 7701607660 Moscow
up2 478,24 up2 868,12 down226,61 up260,08 up-0,08 up-0,07 214 Strong
LLC TT-TRAVEL
INN 7714775020 Moscow
up2 853,49 up25 568,25 down-1 768,38 up317,55 up-1,67 up-0,45 287 Medium
LLC VODOKHOD
INN 7707511820 Moscow
up4 577,47 up4 714,19 up501,69 down114,31 down0,01 down-0,56 226 Strong
LLC CLUB NED RUSSIA
INN 7705549346 Moscow
down1 333,34 up1 383,02 up68,19 up76,77 down-0,95 down-2,12 251 Medium
Average value for TOP-10 up2 392,36 up4 949,98 down32,62 up205,41 up-0,17 down-0,20  
Industry average value up8,00 up16,11 up0,26 up0,61 up-0,01 up0,02

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

The average indicator of the asset coverage ratio of TOP-10 is below the average and recommended one. In 2019, five companies have the value above the recommended one.

Picture 1. Asset coverage ratio and revenue of the largest travel agencies (TOP-10) Picture 1. Asset coverage ratio and revenue of the largest travel agencies (TOP-10)

During ten years, the average values of the asset coverage ratio of TOP-10 are mainly within the negative one with a trend to increase (Picture 2).

Picture 2. Change in the average values of the asset coverage ratio of the largest Russian travel agencies in 2010 - 2019 Picture 2. Change in the average values of the asset coverage ratio of the largest Russian travel agencies in 2010 - 2019