ECONOMIC
Original Paper
UDC 332.365 © L.N. Korshunova, D.Yu. Savon, L.V. Borisova & A.E. Safronov, 2023
ISSN 0041-5790 (Print) • ISSN 2412-8333 (Online) • Ugol’ – Russian Coal Journal, 2023, № 11, pp. 48-53
DOI: http://dx.doi.org/10.18796/0041-5790-2023-11-48-53
Title
LIQUIDITY MANAGEMENT SYSTEM OF A COAL COMPANY USING LOAN CAPITAL
Authors
Korshunova L.N.1, Savon D.Yu.1, Borisova L.V.2, Safronov A.E.,
1National University of Science and Technology “MISIS” (NUST “MISIS”), Moscow, 119049, Russian Federation
2FGBOU VO “Don State Technical University”, Rostov-on-Don, 344010, Russian Federation
Authors Information
Korshunova L.N., PhD (Economic), Associate Professor of the Department of Economy, e-mail: lnkorshunova76@gmail.com
Savon D.Yu., Doctor of Economic Sciences, Professor of the Department of Economy, e-mail: di199@yandex.ru Borisova L.V., Doctor of Economic Sciences, Professor of the Department of Management and Business Technologies, е-mail: borisovalv09@mail.ru
Safronov A.E., Doctor of Economic Sciences, Professor of the Department of Management and Business Technologies, е-mail: reception@dstu.edu.ru
Abstract
The article substantiates the importance of analyzing and ensuring sufficient condition of the company's liquidity, which is associated both with the need to maintain an acceptable level of financial stability, and with the possibility of using additional resources for development in the form of borrowed funds, which require certain liquidity indicators to attract. The liquidity of the company JSC "Russkiy Ugol’" was examined over the past two years. The liquidity indicators appeared to be decreased during this period, the company suffered losses, which requires the measures to restore the level of liquidity. The analysis of the first and second order factors suggests that JSC "Russkiy Ugol'" needs to pay attention to the management of receivables and payables. It is proposed to use factoring and rent conversion as measures to restore the liquidity of the company. The effectiveness of the use of these measures has been proven.
Keywords
Liquidity, Borrowings, Receivables and payables, Factoring, Rent conversion.
References
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For citation
Korshunova L.N., Savon D.Yu., Borisova L.V. & Safronov A.E. Liquidity management system of a coal company using loan capital. Ugol’, 2023, (11), pp. 48-53. (In Russ.). DOI: 10.18796/0041-5790-2023-11-48-53.
Paper info
Received August 21, 2023
Reviewed October 13, 2023
Accepted October 26, 2023
