Solvency ratio of TOP 10 of mechanic engineering companies in Nizhniy Novgorod

ranking 20/08/2021

Information agency Credinform represents a ranking of the largest mechanic engineering companies in Nizhniy Novgorod. Companies engaged in manufacture of machinery, equipment and vehicles 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 (2018 - 2020). They were ranked by the solvency ratio (Table 1). The selection and analysis were based on the data of the Information and Analytical system Globas.

Solvency ratio (х) is a ratio of equity to total assets. The ratio shows the dependence of the company on external loans. Recommended value: > 0.5.

The ratio reflects the rate of turnover of equity capital. A high value of the ratio indicates the efficient use of own funds, and a low value - about the inaction of a part of own 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.

Table 1. Net profit, revenue, solvency ratio and solvency index Globas of the mechanic engineering companies in Nizhniy Novgorod (TOP 10)
Name, INN, activity Revenue, million RUB Net profit (loss), million RUB Solvency ratio (x), >0,5 Solvency index Globas
2019 2020 2019 2020 2019 2020
1 2 3 4 5 6 7 8
LLC LIR
INN 5256029449
manufacture of other components and accessories for motor vehicles
down9 806 down8 055 down713 up907 up0,78 up0,80 177 High
JSC JSC HYDROMASH
INN 5262008630
manufacture of parts and components for aircraft and spacecraft
down5 088 down4 550 down295 down123 up0,77 down0,74 218 Strong
JSC MAGNA AUTOMOTIVE RUS
INN 5256076921
manufacture of other components and accessories for motor vehicles
up14 603 up15 193 up1 966 up2 594 up0,64 down0,59 141 Superior
JSC KRASNOE SORMOVO PLANT
INN 5263006629
construction of ships, vessels and floating structures
up11 764 down11 709 up709 up1 020 down0,38 up0,50 181 High
LLC PRODUCTION AND COMMERCIAL COMPANY LUIDOR
INN 5257065753
manufacture of buses and trolleybuses
down4 431 down3 538 down204 down48 up0,55 down0,46 236 Strong
JSC GAZ
INN 5200000046
manufacture of other components and accessories for motor vehicles
up28 551 down25 995 up256 down213 up0,33 up0,41 220 Strong
LLC NIZHEGORODSKIE MOTORY
INN 5256067300
manufacture of other components and accessories for motor vehicles
up4 617 down4 472 down-60 down-206 down0,44 up0,37 289 Medium
LLC ST NIZHEGORODETS
INN 5259062324
manufacture of motor vehicles
up3 216 up4 687 down37 up90 up0,13 down0,12 239 Strong
LLC AUTOMOBILE PLANT GAZ
INN 5250018433
manufacture of motor vehicles
up102 128 down90 447 up5 950 down-3 329 up0,14 down0,09 259 Medium
JSC PRODUCTION COMPANY AVTOKOMPONENT NIZHNIY NOVGOROD
INN 5256087440
manufacture of electrical and electronic equipment for motor vehicles
up3 275 up3 566 down13 down-31 down0,04 down0,03 309 Adequate
Average value for TOP 10 up18 748 down17 221 up1 008 down143 up0,42 down0,41  
Average value for TOP 100 up2 213 down2 081 up124 down36 down0,26 up0,29  

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

The average values of the solvency ratio of TOP 10 and TOP 100 are above the industry average and below the recommended ones.

Only three companies of TOP 10 increased their figures in 2020 compared to 2019. In 2019, the growth was recorded for seven companies.

In 2020, seven companies included in TOP 10 reduced revenue and six companies reduced net profit. The average revenue fell 8% and 6% for TOP 10 and TOP 100 respectively. The average profit of TOP 10 and TOP 100 fell 7 times and almost 3 times respectively.

Over the past five years, the growths of the industry average values of the solvency ratio was recorded only for one period. The highest value was recorded in 2016 and the lowest one was in 2018 (Picture 1).

Picture 1. Change in the industry average values of the solvency ratio of the mechanic engineering companies in Nizhniy Novgorod in 2016 - 2020 Picture 1. Change in the industry average values of the solvency ratio of the mechanic engineering companies in Nizhniy Novgorod in 2016 - 2020