Bìznes Inform (Mar 2022)
The Integral Assessment of the Financial Potential of Mining Enterprises of Ukraine on the Basis of Taxonomic Analysis
Abstract
Ukraine is one of the leading countries in the world that have mineral and raw materials deposits on its economic territory, the development and use of which are due to both the needs of the national market and significant foreign demand for this type of export products. The mining industry of Ukraine, in these circumstances, is a strategically important sector that has a significant impact on almost all socioeconomic spheres of functioning: its products are a resource base for many major domestic industries – metallurgy, chemical industry, construction, agriculture, and others; it has a positive effect on the balance of payments of the country, as well as on the standard of living of the population as an integral part of the energy market of services. Further development of the mining industry of Ukraine directly depends on the attraction and most effective use of financial potential, which determines the relevance of further research and developments in this direction. The purpose of the study is to elaborate an integral assessment of the financial potential of Ukrainian mining enterprises on the basis of taxonomic analysis. To achieve this goal, the publication uses general-teaching methods of analysis and synthesis – to carry out a study of the state of the mining industry of Ukraine; methods of coefficient analysis – to determine the financial condition of the enterprises under study on the basis of their accounting statements; methods of mathematical modeling are also used – to determine the taxonomic indicator of the financial potential of the enterprises under study. The publication examines the current state and indicators of business activity of the mining industry of Ukraine; a coefficient analysis of the financial condition of six domestic enterprises-representatives is carried out; an integral methodology for assessing the financial potential of mining enterprises based on the determination of the taxonomy indicator is proposed.
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