Formation of Financial Resources of Organizations in the Oil and Gas Industry

DOI

10.2991/iscfec-18.2019.17How to use a DOI?

Keywords

financial resources, oil and gas industry, analysis, assessment.

Abstract

The aim of this paper is to examine the formation of financial resources in PJSC «Gazpromgas distribution Ufa». This study is mainly aimed at conducting the analysis which will enable us to reveal the direct impact of different indicators on the financial stability of the enterprise under consideration. The set of coefficients encompasses liquidity ratios, working capital ratios and ratios of short-term liabilities. The method of the systematic and statistical analysis has shown that the regarded company has quite high coefficients characterizing its liquidity. However, the situation connected with accounts payable and financing fixed assets discloses the problem of the company’s management that does not make rational decisions in terms of the formation sources. It is specified that the organization should improve the process of selecting sources of financing assets with varying degrees of liquidity. The enterprise sticks to the policy that means in accordance with which this legal entity is supposed not to take out loans. Albeit, if the company cannot increase its equity, the best solution is to take a long-term loan rather thanuse its accounts payable for these purposes. The conclusion defines that the analyzed organization has some substantial problems related to electricity sales markets. The sales market in Ufa is inundated, the demand is satisfied and will be reduced in the nearest future because of energy saving programs. Consequently, the company needs to accumulate financial resources and consider various variants of investment projects in order to support a high level of revenues in the future.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - L. Z. Bayguzina
AU  - G. A. Galimova
PY  - 2019/01
DA  - 2019/01
TI  - Formation of Financial Resources of Organizations in the Oil and Gas Industry
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2018)
PB  - Atlantis Press
SP  - 74
EP  - 78
SN  - 2352-5428
UR  - https://doi.org/10.2991/iscfec-18.2019.17
DO  - 10.2991/iscfec-18.2019.17
ID  - Bayguzina2019/01
ER  -