The Comparative Analysis of the Financial Performance of the JSC «Chernivtsioblenergo» and JSC «Lvivoblenergo»

Abstract

Abstract: The article is aimed at assessing the real financial status of both the JSC «Chernivtsioblenergo» and the JSC «Lvivoblenergo», identifying possible ways to improve the management of the existing assets of the two organizations. A comprehensive analysis of the financial status of the above-mentioned enterprises is carried out. Assessment of their liquidity and solvency, financial sustainability, and business activity is carried out, the corresponding figures for the three periods under review (2015-2017) are calculated, the economic importance of each indicator and its actual role in examening the status of enterprises are summarized. The enterprises’ compliance with the «golden rule of financing» for the studied period is analyzed. The main problems of the unsustainable financial status of the organizations, taking into account the calculated coefficients, is identified and the ways to stabilize the situation are proposed.

Keywords

• financial status
• liquidity
• solvency
• «golden rule of financing»
• financial stability
• business activity