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Ratio of liabilities and assets of enterprises engaged in recycling of raw materials
Information agency Credinform offers to get acquainted with the ranking of Russian companies engaged in recycling of raw materials. The companies with the highest volume of revenue involved in this activity were selected by the experts according to the data from the Statistical Register for the latest available period (for the year 2012). Then, the first 10 enterprises selected by turnover were ranked by increase of the ratio of liabilities and assets.
The mentioned ratio refers to a group of indexes of financial stability and is calculated as the relation of long-term and short-term borrowings to total assets. This ratio presents what share of assets of an enterprise is funded with loans. The recommended value of the analyzed ratio is from 0,2 up to 0,5.
| № | Name, INN | Region | Turnover,2012, mln RUB | Ratio of liabilities and assets, (х) | Solvency index GLOBAS-i |
|---|---|---|---|---|---|
| 1 | Uralskaya metallolomnaya kompaniya LLC INN 5607019072 |
Orenburg region | 7 240 | 0,12 | 210 (high) |
| 2 | SEVERSTAL-VTORCHERMET LLC INN 3528165743 |
Vologda region | 25 730 | 0,52 | 332 (satisfactory) |
| 3 | Vtorchermet NLMK Ural LLC INN 6674342481 |
Sverdlovsk region | 4 171 | 0,59 | 320 (satisfactory) |
| 4 | URALMETKOM-OSKOLLLC INN 5607021177 |
Belgorod region | 8 703 | 0,63 | 220 (high) |
| 5 | PSKOVVTORMET OJSCINN 6027007501 | Pskov region | 8 210 | 0,68 | 219 (high) |
| 6 | VTORRESURS-PERERABOTKALLC INN 4217126359 |
Kemerovo region | 16 441 | 0,71 | 248 (high) |
| 7 | NOVOROSMETALL LLC INN 2315057727 |
Krasnodar territory | 10 337 | 0,88 | 248 (high) |
| 8 | VTORCHERMETNLMKLLC INN 7705741770 |
Sverdlovsk region | 31 964 | 0,90 | 301 (satisfactory) |
| 9 | METALLOLOMNAYA KOMPANIYA OMK-EKOMETALL LLC INN 7705937571 |
Moscow | 13 506 | 0,96 | 289 (high) |
| 10 | Ekaterinburgskaya torgovo-promyshlennaya kompaniya LLC INN 6670025354 |
Sverdlovsk region | 17 854 | 0,98 | 275 (high) |
The first place of the ranking belongs to Uralskaya metallolomnaya kompaniya LLC with the ratio value 0,12, what points to that company’s management tries not to misappropriate borrowed funds. Herewith the enterprise got a high solvency index GLOBAS-i®, what points to a quite good solvency level and low credit risk.
SEVERSTAL-VTORCHERMET LLC is the only one company from the list, which ratio of liabilities and assets is within normal range (from 0,2 up to 0,5). However, based on the combination of financial and non-financial indicators, the enterprise got a satisfactory solvency index GLOBAS-i®, what testifies to a low probability of financial inability in the nearest 12 months.
Ratio of liabilities and assets of enterprises engaged in recycling of raw materials in Russia, TOP-10
The enterprises Vtorchermet NLMK Ural LLC (0,59), URALMETKOM-OSKOL LLC (0,63), PSKOVVTORMET OJSC (0,68) and VTORRESURS-PERERABOTKA LLC (0,71) have the value of the ratio of liabilities and assets being a little higher than recommended values. But only Vtorchermet NLMK Ural LLC got a satisfactory solvency index GLOBAS-i®, because there are losses in the structure of company’s balance sheet ratios. Other organizations got a high solvency index GLOBAS-i®, what points to stable financial standing of the enterprises.
TOP-10 companies, which took the places from 7 to 10 in the ranking, showed the value of the ratio of liabilities and assets close to 1. Such results point to that the sum of loans, credits and accounts payable is almost equal to all assets of the enterprises, what can impair financial stability of companies in the future. However, based on the combination of financial and non-financial indicators, only VTORCHERMET NLMK LLC got a satisfactory solvency index GLOBAS-i®, because there are losses in the structure of company’s balance sheet ratios. The rest enterprises got a high solvency index GLOBAS-i®.
In summary it’s important to note, that executives should follow closely the ratio of assets and all their loans and credits, because a substantial surplus of liabilities can dent the financial stability of an enterprise.
See also: Net profit of enterprises engaged in secondary processing of raw materials