Assessment of the financial position of the leaders of the milling industry based on bankruptcy forecasting techniques

The deterioration of the general economic situation in 2020 caused the intensification of the crisis, which affected business, causing the loss of financial stability of many enterprises and, as a result, led to their bankruptcy. In the current circumstances related to the introduction of the food embargo, maintaining the financial stability of agricultural enterprises and the food industry is extremely important. One of the priority measures in the anti-crisis management system is to analyze the current financial situation of enterprises and assess the likelihood of bankruptcy in accordance with existing methods. The study evaluates the financial situation of the leaders of the Russian flour milling industry based on bankruptcy forecasting techniques, identifies trends in the industry and their causes. The study period is defined as 2020-2022. It has been established that for most enterprises, the general trend is an insufficiently stable position, and therefore, there is a very likely possibility of bankruptcy. One of the reasons for the current situation in the milling industry is the high level of creditworthiness of enterprises, since for most of them the main sources of capital formation are borrowed funds. Under the circumstances, one of the ways to increase the financial stability of flour milling enterprises aimed at reducing the likelihood of bankruptcy is to strengthen financial support from the state.