ТОP-10 of public catering companies by solvency ratio: crisis experience

ranking 17/06/2020

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.

Solvency ratio (х) is calculated as a ratio of equity capital to total balance. The ratio shows the company’s dependence from external borrowings. The recommended value of the ratio is >0,5.

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.

Table 1. Net profit, revenue, solvency ratio, solvency index Globas of the largest public catering companies (ТОP-10)
Name, INN, region, trademark Revenue, million RUB Net profit (loss), million RUB Solvency ratio (x), >0,5 Solvency index Globas 2020
2009 2011 2009 2011 2009 2011
1 2 3 4 5 6 7 8
JSC MOSCOW-MCDONALD'S
INN 7710044132 Moscow
(MCDONALDS, HAPPY MEAL, BIG MAC, Quarter Pounder, Filet-O-Fish, MCHAPPY PLACE, ROYAL CHEESEBURGER, MCCAFE, Big Tasty)
up12 190,5 up12 196,2 up890,0 up941,5 up0,86 down0,85 155 Superior
LLC MCDONALD'S
INN 7710044140 Moscow
up21 049,4 up34 145,0 up1 983,3 up3 679,9 up0,85 down0,80 176 High
LLC FASTLAND
INN 7703234453 Moscow
(MU-MU)
up1 503,4 up2 415,6 up76,0 up160,6 down0,31 up0,65 239 Strong
JSC AEROMAR
INN 7712045131 Moscow region
(SKYSERVICE, AEROMAR)
up2 801,8 up5 082,4 up307,9 up421,3 down0,22 up0,46 164 Superior
LLC SODEXO EUROASIA
INN 7722267655 Moscow
up1 777,1 up2 529,2 up102,0 down64,2 down0,63 down0,38 285 Medium
LLC AMREST
INN 7825335145 St. Petersburg
(Pizza Hut, KFC)
up1 651,1 up2 167,5 down-26,7 up48,8 down0,37 up0,37 238 Strong
LLC ROSINTER RESTORANTS
INN 7737115648 Moscow
(SHIKARI, COSTACOFFEE, ROSINTER RESTORANTS HONORED GUEST, PLANETA SUSHI, PATIO, PLANETA VOSTOK)
down5 152,4 up6 931,1 up101,4 down-355,8 up0,20 down0,18 208 Strong
LLC COFFEE HOUSE
INN 7704207300 Moscow
down2 501,1 up3 351,0 up-124,9 up-45,5 down-0,32 up0,12 302 Adequate
JSC KOMBINAT DOSHKOLNOGO PITANIYA
INN 7726221073 Moscow
up1 005,4 up1 697,0 up6,8 down1,2 up0,24 down0,06 170 Superior
LLC MOSKOVSKII SHKOLNIK
INN 7713213445 Moscow
up928,4 up1 986,0 up2,1 down1,3 up0,08 down0,03 221 Strong
Average value for TOP-10 companies up5 056,1 up7 250,1 up331,8 up491,7 down0,34 up0,39  
Average industry value up101,2 up131,2 up4,9 up6,1 down0,49 down0,45  

вверх growth of indicator in comparison with prior period, вниз 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.

Picture 1. Solvency ratio and revenue of the largest Russian public catering companies (ТОP-10) Picture 1. Solvency ratio and revenue of the largest Russian public catering companies (ТОP-10)

Within 5 years, the average values of solvency ratio of TOP-1000 are below the recommended value with a slight upward trend (Picture 2).

Picture 2. Change in average values of solvency ratio of TOP-1000 Russian public catering companies in 2006 – 2011 Picture 2. Change in average values of solvency ratio of TOP-1000 Russian public catering companies in 2006 – 2011