Modeling of the optimum capital structure on the basis of synthesis of models of estimation of the probability of bankruptcy Altman and O.P. Zaytsevay

The formation of the optimal capital structure of the company is one of the central problems in making decisions about long-term development, and at the same time is an urgent issue in the management of financial stability. The aim of the study is to simulate the optimal capital structure of «Gazprom neftekhim Salavat» on the basis of the synthesis of models for assessing the likelihood of bankruptcy Altman and O.P. Zaitsevoy. In the course of the study, calculations were performed based on the financial statements for 2011-2015, and a model was constructed using the specified level of bankruptcy probability to determine the optimal level of the financial leverage. The model is working during the restructuring of the enterprise, in particular in 2015, when the company invests all funds in the development and modernization of technologies.