ALGORITHM FOR ASSESSING THE FINANCIAL STABILITY OF BORROWING ENTERPRISES
In modern conditions, making informed management decisions requires the ability to read financial statements, which, accordingly, makes it possible to develop a correct forecast of the future success of the partnership, as it allows for a timely assessment of the partner’s property and financial situation. Assessment of the financial stability of the further development of commercial relations is necessary both for the enterprises themselves, and for their potential partners and creditors in the face of banking institutions that want to get reliable information about the stable financial condition and reliability of their counterparty (client or customer). For this reason, an increasing number of potential counterparties are involved in conducting research and assessing the financial stability of enterprises. The article considers and summarizes the main directions of assessing the financial stability of enterprises based on the analysis of indicators of financial stability and solvency, as well as general indicators. Presents an algorithm for a comprehensive assessment of the financial stability of enterprises, which can be used by both enterprises and banking institutions when establishing credit relations with them, depending on the specifics of the enterprise’s activities, to obtain more detailed information about its condition.