Comparative analysis of the financial status of industrial rabbit breeding enterprises in Russia

Abstract

Rabbit breeding is one of the perspective and strategically important sectors of livestock in Russia. It is worth noting that insufficient attention has been paid to the study of the financial status of Russian rabbit breeding enterprises. Thus, the relevance of our study is due to the need to analyze key financial indicators of industrial rabbit breeding enterprises and to propose directions for improving their financial status. Seven leading Russian industrial rabbit breeding enterprises were selected as objects of research, and the empirical base was compiled by the data of public accounting reports, the main of which are the Balance sheet report and the Statement of financial results. Based on the results of the comparative analysis, the main indicators of the financial position and performance of the industrial rabbit enterprises under consideration for the period 2017-2018 were identified and grouped. The coefficients of financial stability, solvency and indicators of efficiency of activity of enterprises were reviewed, and the structure of the balance sheet was analyzed. Also, in the course of the study, a rating of industrial rabbit breeding enterprises was built and it was found that the bulk of the indicators of four of the seven enterprises under consideration fit into the normative values, therefore they are attractive to investors, they can apply for credit and further development, and three enterprises have significant financial difficulties associated mainly with poor governance. Working with these rabbits requires a balanced approach. Significant changes must be made in their financial and economic activities. The proposed activities will help bring key indicators of financial activity of industrial rabbit breeding enterprises to the established values, thereby increasing their attractiveness to investors, banks and suppliers of raw materials, which will accelerate the development of the Russian rabbit breeding industry.