Solvency ratio of the largest Russian companies engaged in processing and conservation of fish, crustaceans and mollusks

ranking 22.06.2018

Information agency Credinform has prepared a ranking of the largest Russian companies engaged in processing and conservation of fish, crustaceans and mollusks. The largest enterprises (TOP-10) in terms of annual revenue were selected according to the data from the Statistical Register for the available periods (from 2014 to 2016). 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 (x) is calculated as a ratio of shareholders’ equity to total assets and shows the dependence of the company on external loans. The recommended value of the ratio is >0,5. The ratio value less than minimum limit signifies about strong dependence on external sources of funds; such dependence may lead to liquidity crisis, unstable financial position in case of economic downturn.

The calculation of practical values of financial indicators, which might be considered as normal for a certain industry, has been developed and implemented in the Information and Analytical system Globas by the experts of the Information Agency Credinform, taking into account the actual situation of the economy as a whole and the industries.

In 2016 the practical value of solvency ratio for companies engaged in processing and conservation of fish, crustaceans and mollusks is from 0,01 to 0,83.

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 Russian companies engaged in processing and conservation of fish, crustaceans and mollusks (TOP-10)
Name, INN, region Revenue, mln RUB Net profit, mln RUB Solvency ratio (x) Solvency index Globas
2015 2016 2015 2016 2015 2016
USTKAMCHATRYBA CO., LTD
INN 4109002780
Kamchatka Krai
Up 1 503 Up 2 132 Up 689 Up 987 Down 0,87 Up 0,93 174 Superior
NAO KURILSKII RYBAK
INN 6511000178
Sakhalin region
Up 4 463 Up 5 279 Up 1 734 Down 1 601 Down 0,93 Down 0,90 155 Superior
PAO OZERNOVSKII RKZ #55
INN 4108003484
Kamchatka Krai
Up 3 337 Up 3 532 Up 1 214 Up 1 400 Up 0,62 Down 0,76 158 Superior
NAO SEVERO-KURILSKAYA BAZA SEINERNOGO FLOTA
INN 6515000242
Sakhalin region
Up 2 355 Up 2 744 Up 278 Up 703 Up 0,17 Up 0,55 141 Superior
Federal state unitary enterprise ARKHANGELSKOE of the Federal Service for the Execution of Sanctions
INN 3621005430
Saint-Peterburg
In process of reorganization in the form of transformation, 21.05.2018
Down 2 082 Up 3 343 Up 104 Up 235 Down 0,40 Up 0,47 229 Strong
LLC Vichunai RUS
INN 3911008930
Kaliningrad region
Up 6 991 Up 8 716 Up 259 Down 244 Up 0,25 Up 0,28 199 High
PAO MERIDIAN
INN 7713016180
Moscow
Down 8 006 Down 7 635 Up 683 Down 323 Up 0,34 Down 0,24 206 Strong
PAO RYBOOBRABATYVAYUSHCHII KOMBINAT #1
INN 7805024462
Saint-Peterburg
Down 4 984 Up 5 842 Up 69 Up 80 Up 0,19 Up 0,19 184 High
NAO RUSSIAN SEA
INN 5031033020
Moscow region
Down 7 460 Up 8 801 Down -842 Up 1 467 Down -0,54 Up -0,18 226 Strong
NAO BALTIC COAST
INN 7826059025
Leningrad region
Process of being wound up, 03.05.2017
Up 10 065 Down 6 376 Down -232 Down -1 674 Down 0,09 Down -0,31 600 Insufficient
Total for TOP-10 companies Up 53 261 Up 56 417 Up 5 971 Up 7 381      
Average value for TOP-10 companies Up 5 326 Up 5 642 Up 597 Up 738 Up 0,33 Up 0,38  
Average industry value Down 82 Up 102 Up 5 Up 7 Up 0,24 Down 0,21  

Up — growth of indicator in comparison with prior period, Up — decline of indicator in comparison with prior period.

Average value of solvency ratio for TOP-10 companies is lower than recommended value and higher than average industry value.

Picture 1. Solvency ratio and revenue of the largest Russian companies engaged in processing and conservation of fish, crustaceans and mollusks (ТОP-10) Picture 1. Solvency ratio and revenue of the largest Russian companies engaged in processing and conservation of fish, crustaceans and mollusks (ТОP-10)

For the last 10 years, the average values of solvency ratio showed the increasing tendency (Picture 2).

Picture 2. Change in average industry values of solvency ratio of the largest Russian companies engaged in processing and conservation of fish, crustaceans and mollusks in 2007 — 2016 Picture 2. Change in average industry values of solvency ratio of the largest Russian companies engaged in processing and conservation of fish, crustaceans and mollusks in 2007 — 2016