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ИД «Финансы и кредит»






Financial Analytics: Science and Experience

Substantiating the normative values of company's liquidity ratios: Evidence from the engineering, transport and logistics industries

Vol. 16, Iss. 3, SEPTEMBER 2023

Received: 10 April 2023

Received in revised form: 25 April 2023

Accepted: 11 May 2023

Available online: 30 August 2023


JEL Classification: G30

Pages: 250–265


Tat'yana Yu. KUDRYAVTSEVA Peter the Great St. Petersburg Polytechnic University, St. Petersburg, Russian Federation


Anastasiya A. GRACHEVA Peter the Great St. Petersburg Polytechnic University, St. Petersburg, Russian Federation


Subject. The article addresses the normative values of financial indicators of the liquidity group that are formed as a result of financial and economic relations of the enterprise.
Objectives. The aim is to calculate the normative values of financial indicators of the liquidity group for engineering, transport and logistics companies, using the hierarchical cluster analysis tool.
Methods. The study draws on general scientific research methods.
Results. We offered an algorithm to calculate the normative values of financial indicators, using the hierarchical cluster analysis; calculated the normative values of the quick liquidity ratio, current liquidity ratio, and absolute liquidity ratio for the branches of mechanical engineering, transport and logistics.
Conclusions. The calculated financial indicators are applicable for the analysis of financial and economic activities of mechanical engineering, transport and logistics enterprises. The proposed algorithm based on the method of hierarchical cluster analysis can be used to calculate other financial indicators of enterprises operating in various industries.

Keywords: financial indicator, regulatory value, cluster analysis


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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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