ФИНАНСОВАЯ ОЦЕНКА УЯЗВИМОСТИ ОТРАСЛЕЙ РОССИЙСКОЙ ЭКОНОМИКИ

Abstract

In the context of global global instability, the search for development paths is a priority for the entire Russian economy and individual companies. The sanctions imposed against Russia will affect the sectors of the country's economy to varying degrees. In many ways, the complexity of the situation is due not to momentary processes, but to accumulated problems and trends. The established way of life ensured the survival of organizations with varying degrees of efficiency. In recent years, the capital structure of a number of leading sectors of the Russian economy has been characterized by a low level of own funds. For the purposes of the study, the types of economic activities were ranked by the value of the autonomy coefficient and grouped depending on the share of equity capital in the capital structure of organizations. This made it possible to identify a negative pattern: for industries that collectively form about 55% of the added value in the country, more than half of the capital structure is borrowed funds. Analytically identified groups of industries whose activities are most dependent on debt financing. With regard to financially unstable industries, a comprehensive analysis of financial and tax indicators was carried out and it was demonstrated that a combination of low financial stability, insufficient solvency and low profitability makes organizations within these types of activities, on average, highly financially vulnerable when interest rates rise. The article compares the indicators of the tax burden with an emphasis on the share in value added in relation to selected groups of industries. The conclusion is made about the excessively high tax burden on manufacturing industries. The need in the short term for the widespread use of sectoral support measures is substantiated.