This article considers a radial sliding bearing of infinite length whose moving part consists of the support, the porous layer, and the liquid lubricant. The analysis of the existing design calculation methods for such sliding bearings shows that they are very approximate because they do not consider the inertial forces applied, the electric conductivity of the lubricant, the permeability anisotropy, as well as the impacts of the electric field vector, magnetic induction vector, and incomplete filling of the working gap (pre-accident condition). The authors demonstrate how these factors impact the stable operation of the device facilitating the hydrodynamic regime. The authors find the asymptotic solution for the zero, first, and second approximation taking into account the inertial forces for the “thin layer”. By solving the produced equations using the Gauss-Seidel method, the authors determine the key operating parameters of the friction couple in question: the carrying capacity and the friction force. The authors provide an impact assessment for the parameters characterizing the permeability of the porous coating, the electric conductivity, and viscosity of the lubricant, as well as the length of the loaded area and the impacts of inertial forces on the carrying capacity and the friction force.