Financial condition analysis as a way to determine the probability of bankruptcy

In the conditions of uncertainty caused by the instability of the economic environment, the issues of improving the financial viability of Russian companies are particularly relevant. Inefficiency of anti-crisis measures caused an imbalance in the development of economic entities, which led to the bankruptcy of less competitive companies. In this regard, it should be noted that the improvement of financial indicators, the use of adequate methodological tools can become a factor in avoiding financial insolvency of the company. The current economic crisis, reduced demand, weak investment activity and other extremely unfavourable macroeconomic conditions mean that many companies are insolvent, have lost their development prospects and have entered the stage of bankruptcy. The transition of the Russian economy to economic market conditions has given organizations the opportunity to independently plan their financial and production indicators and analyze the financial position of their partners...