ТОP-10 of public catering companies by solvency ratio: crisis experience
Information agency Credinform has prepared a ranking of the largest Russian public catering companies. The largest enterprises (TOP-10) in terms of annual revenue were selected according to the data from the Statistical Register for the available periods (2006-2011). Then the companies were ranged by solvency ratio (Table 1). The analysis was based on the data from the Information and Analytical system Globas.
The ratio value less than minimum limit signifies about strong dependence from external sources of funds; such dependence may lead to liquidity crisis, unstable financial position in case of deterioration in market conditions.
For the most full and fair opinion about the company’s financial position the whole set of financial indicators and ratios should be taken into account.
|Name, INN, region, trademark||Revenue, million RUB||Net profit (loss), million RUB||Solvency ratio (x), >0,5||Solvency index Globas 2020|
INN 7710044132 Moscow
(MCDONALDS, HAPPY MEAL, BIG MAC, Quarter Pounder, Filet-O-Fish, MCHAPPY PLACE, ROYAL CHEESEBURGER, MCCAFE, Big Tasty)
|12 190,5||12 196,2||890,0||941,5||0,86||0,85||155 Superior|
INN 7710044140 Moscow
|21 049,4||34 145,0||1 983,3||3 679,9||0,85||0,80||176 High|
INN 7703234453 Moscow
|1 503,4||2 415,6||76,0||160,6||0,31||0,65||239 Strong|
INN 7712045131 Moscow region
|2 801,8||5 082,4||307,9||421,3||0,22||0,46||164 Superior|
|LLC SODEXO EUROASIA
INN 7722267655 Moscow
|1 777,1||2 529,2||102,0||64,2||0,63||0,38||285 Medium|
INN 7825335145 St. Petersburg
(Pizza Hut, KFC)
|1 651,1||2 167,5||-26,7||48,8||0,37||0,37||238 Strong|
|LLC ROSINTER RESTORANTS
INN 7737115648 Moscow
(SHIKARI, COSTACOFFEE, ROSINTER RESTORANTS HONORED GUEST, PLANETA SUSHI, PATIO, PLANETA VOSTOK)
|5 152,4||6 931,1||101,4||-355,8||0,20||0,18||208 Strong|
|LLC COFFEE HOUSE
INN 7704207300 Moscow
|2 501,1||3 351,0||-124,9||-45,5||-0,32||0,12||302 Adequate|
|JSC KOMBINAT DOSHKOLNOGO PITANIYA
INN 7726221073 Moscow
|1 005,4||1 697,0||6,8||1,2||0,24||0,06||170 Superior|
|LLC MOSKOVSKII SHKOLNIK
INN 7713213445 Moscow
|928,4||1 986,0||2,1||1,3||0,08||0,03||221 Strong|
|Average value for TOP-10 companies||5 056,1||7 250,1||331,8||491,7||0,34||0,39|
|Average industry value||101,2||131,2||4,9||6,1||0,49||0,45|
growth of indicator in comparison with prior period, decline of indicator in comparison with prior period
The average value of solvency ratio of TOP-10 companies is lower than ТОP-1000 value. Three companies have the ratio higher than the recommended value and four companies improved the results in 2011 in comparison with 2009.
Within 5 years, the average values of solvency ratio of TOP-1000 are below the recommended value with a slight upward trend (Picture 2).