Annotation

The role of systematic and objective analysis of the financial conditions of agricultural enterprises is described in the article. When interpreting the results of the analysis of the financial conditions of agricultural enterprises, it is necessary to take into account the specificity of their activities. Otherwise, the results of the analysis will be distorted and the management decisions will not be rational.

The peculiarities of activities of agricultural enterprises, their reflection in the financial statements, which is the main information base for assessing the financial condition and results of the enterprise activity, are distinguished in the research. Thus, the seasonality of agricultural enterprises significantly influences the change in current assets, in particular, the increase in inventories and finished products is a forced consequence of the effect of the seasonality factor. Hence, it cannot be regarded as a negative trend.

The study describes why the scarcity of circulation funds in agricultural enterprises makes its adjustments in the analysis of the level of liquidity. Due to the disparity of prices for agricultural and industrial products, the standards of absolute and intermediate liquidity indicators are observed, while the overall liquidity value, associated with the excess of low liquid assets, is high. The peculiarities of evaluation of financial stability indicators have been clarified, in particular if the generally accepted normative value of a financial leverage indicator is less than 1, then it is practically impossible for agricultural enterprises to set a standard for this indicator.

The features of estimation of business activity of agricultural enterprises are substantiated in the work. Feature of agricultural enterprises is the minimal difference between the duration of the operational and financial cycles. This is due to the fact that the increase in borrowed capital is quite risky in this field. The dependence of the profitability of agricultural production on the natural and climatic conditions is indicated in the article.