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ИД «Финансы и кредит»






Financial Analytics: Science and Experience

Creating a group of financial ratios to evaluate financial policy of companies

Vol. 16, Iss. 3, SEPTEMBER 2023

Received: 4 March 2020

Received in revised form: 30 March 2020

Accepted: 13 April 2020

Available online: 30 August 2023


JEL Classification: G3, G32, M21

Pages: 355–368


Kirill E. PIVNYK Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation


Subject. The article considers the analysis of financial ratios as one of important methods to evaluate the financial status of companies. The analysis results serve as a basis for company financial policy assessment.
Objectives. The focus is on creating a basic group of financial ratios enabling to measure the effectiveness of financial policy implementation.
Methods. The study draws on the correlation analysis, critical review of sources, and the systems approach.
Results. I developed a set of financial ratios, which can be used to evaluate the effectiveness of financial policy implemented by companies.
Conclusions. Certain financial ratios can serve as an objective information basis for evaluating the effectiveness of financial policies of companies. The findings can be useful for company management to evaluate the financial policy, for investors to choose the best investment option, as well as for financial market participants.

Keywords: financial policy, performance evaluation


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