The practical usage of accessible methods for predicting bankruptcy using an example of Grotex LLC

In the new economic realities that developed during the COVID-19 pandemic, many companies were on the verge of bankruptcy, even more enterprises are experiencing financial difficulties that could affect their development and stable existence in the future. At the same time, a business cannot exist without partnerships and investments. Even under the prevailing conditions of a severe economic crisis, it is necessary to look for ways to develop and expand. At the same time, it is obvious that only a financially stable company can become a reliable partner. In this regard, methods that may allow an outside party to check a particular company for the likelihood of imminent bankruptcy become relevant. In the scope of the study, the methods of forecasting bankruptcy and the coefficients of the financial analysis of the enterprise, which can be calculated only on the basis of publicly available information, were considered. The methods and coefficients considered were calculated for the pharmaceutical company LLC Grotex, which a few years ago was awarded the status of a strategic investor in St. Petersburg, and was also recognized as one of the fastest growing companies in its industry. The results obtained during the implementation of the practical part generally showed the same result, namely, they showed a high probability of bankruptcy of the enterprise in the near future. Selected methods and ratios have proven that open financial information is sufficient to conduct a financial analysis and predict the likelihood of bankruptcy.