Subject The article investigates the financial and economic conditions and instruments to manage the working capital in the housing and utilities sector. Objectives The study aims to unveil financial and economic conditions and tools of working capital management in the housing and utilities sector. Methods I employ empirical and logical constructions, analysis and synthesis, generalization, systems approach, and the methods of comparative analysis. Results The paper discloses reasons for receivables and payables formation in the housing and utilities sector, analyzes modern management of working capital of housing and utilities sector enterprises, taking into account the existing theoretical premises. It studies the current terms of settlements between resource supplying companies and their consumers, and settlements of resource supplying companies with their suppliers. Conclusions The revealed lack of synchronization of settlement terms is one of reasons for increasing debt in the sector. The financial and economic analysis of 30 largest enterprises operating in the housing and utilities sector of the Moscow region demonstrated problems with working capital management. Arrears in payments on the part of consumers and the lack of synchronization of settlement terms result in increasing the debt of the sector enterprises to energy resource suppliers. The problem related to non-payments can be solved only through coordinated actions of all participants of the ‘consumer – district heating grid – electricity supply – generating company/electricity supply network’ production chain.
Keywords: housing and utilities complex, account receivable, account payable, debt burden, working capital
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