Comprehensive Analysis of Enterprises' Financial and Economic Condition Within the Financial Security Management System

This article emphasizes that financial security is a derivative of a company’s financial condition, which in turn depends on the results of its business operations. The full-scale war has led to a decline in production levels across key economic sectors and a reduction in corporate revenues. Given that the war has created an operating environment with heightened threats and risks, it is crucial to ensure a financial condition that guarantees financial security. The article identifies the factors negatively affecting the financial condition and security of enterprises and provides recommendations for their improvement.
The study presents analytical data reflecting the financial consequences of the war on businesses in 2022 and quantifies the indirect losses incurred by core economic sectors. The authors calculated and analyzed key financial indicators for large and medium-sized enterprises across various economic activities, including the equity ratio, current liquidity ratio, working capital, and the share of stable funding sources. Operational and overall performance indicators were also examined, allowing for an assessment of potential threats to financial security. Considering that the normative values for financial indicators are relaxed during wartime, the financial condition of most enterprises can be considered satisfactory. However, the low equity ratio, which averages 0.32 across the economy and poses a significant threat to financial security, is a particular concern for companies in all industries. The best financial performance as of the first quarter of 2025 was demonstrated by enterprises in the processing industry, while the worst was seen in the temporary accommodation and food service sectors. Among large and medium-sized industrial enterprises, pharmaceutical manufacturers showed the strongest financial parameters, while chemical and chemical product manufacturers had the weakest. From the perspective of ensuring financial security, special attention is required for those enterprises whose financial indicators are significantly below normative levels.