ECONOMIC SECURITY ASSESSMENT OF THE COMMERCIAL SEAPORTS

Abstract

The macroeconomic instability of the country affects the efficiency of the enterprises of the maritime complex of Ukraine. The issue of financial security is relevant not only at the macro level, but also raises the question of assessing the level of financial security at the sectoral level and the level of a separate transport enterprise.

Currently, researchers prefer integrated methods for evaluation of financial security. However, there is no consensus on the assessing criteria, determining of their weight parameters, grading the levels of financial security. Initially the financial potential is associated with financial resources and their availability at the enterprise. In this case the financial potential of sustainability, which is characterized by the possibility of current business conducting, is distinguished. Such potential is the foundation for the development potential. 

The principles of assessing the potential maritime business enterprise are examined, including its financial component, based on the calculation system of indicators, taking into account possibilities of improvement of existing approaches to diagnosis of the financial capacity of enterprises. The financial potential assessment conducted in this research at the example of state enterprise “Ukrainian Sea Ports Authority” allowed determining the main financial ratios and on such basis, the conclusions about the financial potential of one of the most important economic entities of the maritime industry were drawn.

The financial potential of the state enterprise “Ukrainian Sea Ports Authority” is analyzed. Based on the study of the level of financial security of USPA for 2014-2018, it was determined that the level of financial security of the enterprise is much higher than the critical one. However, the value of the integral indicator characterizing the property status of the enterprise is lower than the critical one throughout the analyzed period. Further development and analysis of the financial security of port enterprises and the determination of the assessment methodology with the consideration of industry’s specifics should be investigated.