Importance A stable financial position of any company relates directly to its financial sustainability. The latter characterizes the company's long-term stability, availability of financial resources, solvency and creditworthiness, i.e. includes both external and internal financial stability. In this regard, the boundaries of financial stability are of particular importance, and every deviation from targets is an indicator of imperfect financial condition. Objectives The paper aims to develop recommendations for improving the financial stability of companies. Methods The study employs analysis and synthesis methods. Results The horizontal and vertical analysis of the balance sheet of PAO Bashneft, one of Russian companies, over recent few years, show that the company has pursued its main goal, namely, to increase its value. Macroeconomic risks complicate the development of actions to enhance financial sustainability, however, the company may hedge them. The company has chosen an anti-crisis strategy: by reducing its financial stability in the short run, it gradually builds up its strategic advantage. Conclusions Financial stability of the company can be enhanced by considering the macro risks and their hedging; optimizing the capital structure; increasing the financial results; managing the working capital, which is a set of actions aimed at balanced working capital items, and is a function within a short-term financial policy of the company; streamlining the operating, financing and investing activities of the company.
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