ELECTRONIC INFORMATION SYSTEM FOR EARLY WARNING OF THE PROBABILITY OF INSOLVENCY

This electronic information system was created in implementation of the Regulation on early warning tools and access to information of enterprises in case of probability of insolvency, adopted by the PM No. 269 of 07.12.2023.

The purpose of the system is to enable you to assess the financial position and solvency of your company and to alert you to any financial difficulties that could lead to insolvency or bankruptcy.

Access to the self-assessment system is voluntary, free of charge, anonymous and subject to the requirements of confidentiality and protection of the information processed. The data necessary for the calculation of the financial indicators of the enterprise shall not be subject to processing, recording and control by the system operator.

Short-term solvency check

The data for the enterprise must be entered in thousands.

Choose currency

BGN

EUR

Choose period from the current year

3 months

6 months

1 year

Current Assets (CA)

(Resources of the company, which participate in the business activity only in one operational cycle, fully transfer their value to the finished products / services / and are reproduced by replacing them with new ones.)

Short-term liabilities (STL)

(Liabilities to third parties with a repayment term of less than 1 year.)

Short-term financial assets (STFA)

(Financial instruments with a term of up to 1 year that give the company the right to receive future income. They include cash, cash equivalents, trade and other receivables.)

Cash (COP)

(Cash in the cash register or in a bank owned by the company.)

Equity (EQ)

(Belongs to the owners. It is equal to the value of the company's assets after all liabilities are paid.)

Short-term receivables (QR)

(Receivables from third parties with a term of less than 1 year.)

Total (current) liquidity ratio

Coefficient for total (current) liquidity in the norm

Your enterprise is in very good overall (current) liquidity. You have enough short-term (current) Assets to cover your short-term liabilities.

QTY - value: within the norm

Ratio for total (current) liquidity outside the norm

Increased risk of bankruptcy. The total (current) liquidity of your enterprise is below the norm. You do not have enough short-term (current) assets to cover your short-term liabilities.

QTY - value: outside the norm

Quick Liquidity Ratio

Quick liquidity ratio in the norm

Your enterprise is in very good quick liquidity. It can cover its short-term liabilities with its liquid assets without relying on the sale of inventory.

QLR - value: within the norm

Quick liquidity ratio outside the norm

Increased risk of bankruptcy. The quick liquidity of your enterprise is below the norm. To cover its short-term obligations, it will rely on the sale of inventory, the realization of which may be difficult.

QLR - value: outside the norm

Instant Liquidity Ratio

Instant liquidity ratio in the norm

Your enterprise has very good immediate liquidity. It can immediately cover at least part of its short-term obligations with its most liquid assets - cash and short-term financial investments.

ILR - value: within the norm

Immediate liquidity ratio outside the norm

Increased risk of bankruptcy. The immediate liquidity of your enterprise is below the norm. It is difficult to immediately cover part of its short-term obligations with its most liquid assets - cash and short-term financial investments.

ILR - value: outside the norm

Absolute liquidity Ratio

Ratio for absolute liquidity in the norm

Your enterprise has very good absolute liquidity. It has a very high degree of liquidity and can immediately cover part of its short-term obligations with its available cash.

AIR - value: within the norm

Abnormal absolute liquidity ratio

Increased risk of bankruptcy. The absolute liquidity of your enterprise is below the norm. It does not have sufficient cash available to immediately cover part of its short-term obligations.

AIR - value: outside the norm

Financial Maneuverability Ratio

Coefficient of financial maneuverability in the norm

Your enterprise has very good financial maneuverability, good financial stability and low risk. Your enterprise has a sufficiently good security of current assets with its own funds.

FMR - value: within the norm

A ratio of financial maneuverability beyond the norm

Danger to the financial stability of your enterprise. His financial maneuverability is below par. Your company relies on external sources (loans) to finance current assets. The risk of dependence on creditors is increased.

FMR - value: outside the norm

Indicator of Financial Balance

Indicators of financial balance in the norm

Your enterprise is in good financial balance and financial health. The majority of its assets are financed with sustainable sources of capital (equity and long-term loans).

IFB - value: within the norm

Indicators of financial balance outside the norm

Increased financial risk. The financial balance of your enterprise is below the norm. It relies excessively on short-term liabilities to finance its assets.

IFB - value: outside the norm

Резултат Red - Green

Conclusion

The short-term solvency indicators of your enterprise are within the norm. It can easily service its loans.

Conclusion

Indicators of short-term solvency of your enterprise are below the norm. It cannot service its loans.

Conclusion

Indicators of short-term solvency of your enterprise are below the norm. It cannot service its loans.

Резултат Mixed

Conclusion

There are problems with your company's short-term solvency. This is an indicator of possible difficulties in servicing loans.

Conclusion

There are problems with your company's short-term solvency. This is an indicator of possible difficulties in servicing loans.

Conclusion

There are problems with your company's short-term solvency. This is an indicator of possible difficulties in servicing loans.

Conclusion

There are problems with your company's short-term solvency. This is an indicator of possible difficulties in servicing loans.

Conclusion

There are problems with your company's short-term solvency. This is an indicator of possible difficulties in servicing loans.

Conclusion

There are problems with your company's short-term solvency. This is an indicator of possible difficulties in servicing loans.

Conclusion

There are problems with your company's short-term solvency. This is an indicator of possible difficulties in servicing loans.

Conclusion

There are problems with your company's short-term solvency. This is an indicator of possible difficulties in servicing loans.

Conclusion

There are problems with your company's short-term solvency. This is an indicator of possible difficulties in servicing loans.

Conclusion

There are problems with your company's short-term solvency. This is an indicator of possible difficulties in servicing loans.

Conclusion

There are problems with your company's short-term solvency. This is an indicator of possible difficulties in servicing loans.

Conclusion

There are problems with your company's short-term solvency. This is an indicator of possible difficulties in servicing loans.

Conclusion

There are problems with your company's short-term solvency. This is an indicator of possible difficulties in servicing loans.

If you are human, leave this field blank.

Verification of long-term solvency

Data for the enterprise must be imported in thousands for the current year.

Choose currency

BGN

EUR

Equity (EQ)

(Belongs to the owners. It is equal to the value of the company's assets after all liabilities are paid.)

Capital raised (CR)

(Includes the company's liabilities. It is not owned by the company, but taken as a debt to third parties.)

Capital (total) (CT)

(Monetary expression of the owned property (invested assets) of the company. It is the sum of equity and borrowed capital.)

Fixed Assets (FA)

(Firm resources that stay relatively long in the firm (more than one operating cycle) are used repeatedly and transfer their value in parts to costs.)

Long-term liabilities (LTL)

(Liabilities to third parties with a repayment term of more than 1 year.)

Solvency Ratio

Solvency ratio within the norm

Your enterprise is financially sustainable. It has a high share of equity relative to the total and is less dependent on external financing.

SR - value: within the norm

Solvency ratio outside the norm

Increased financial risk. Your enterprise's dependence on debt is greater.

SR - value: outside the norm

Coefficient of Financial Autonomy Based on Total Capital

Coefficient for financial autonomy based on the total capital in the norm

Your enterprise has high financial stability and autonomy. It is mainly financed with own capital.

CFABTC - value: within the norm

Coefficient of financial autonomy based on total capital outside the norm

Increased financial risk. Your company is highly dependent on liabilities and has low financial autonomy.

CFABTC - value: outside the norm

Coefficient for Financial Autonomy Based on Permanent Capital

Coefficient for financial autonomy based on permanent capital in the norm

Your enterprise has a strong financial position and lower risk. A large part of your enterprise's fixed capital is equity.

CFABPC - value: within the norm

Coefficient of financial autonomy on the basis of permanent capital outside the norm

Risk of difficulties in repaying obligations. Your company is highly dependent on long-term liabilities.

CFABPC - value: outside the norm

Financial Leverage Ratio

Ratio of financial indebtedness in the norm

Low financial risk. Your company is low on liabilities.

FLR - value: within the norm

Financial indebtedness ratio outside the norm

Increased financial risk. A large part of your company's assets are financed through liabilities.

CRFA - value: outside the norm

Coverage Ratio of Fixed (non-current) Assets

Coverage ratio of long-term (non-current) assets in the norm

Your enterprise has financial stability and the ability to make long-term investments. The fixed assets of the enterprise are well covered by the fixed capital.

CRFA - value: within the norm

Coverage ratio of long-term (non-current) assets outside the norm

Risk of financial difficulties. Your business may have difficulty covering fixed assets with fixed capital.

CRFA - value: outside the norm

Резултат Red - Green

Conclusion

The long-term solvency indicators of your enterprise are within the norm. It can easily service its loans.

Conclusion

The long-term solvency indicators of your enterprise are outside the norm. This is an indicator of persistent loan servicing problems.

Резултат Mixed

Conclusion

Your enterprise is in moderately good financial condition.

The main part of the short-term and long-term solvency indicators of the enterprise are within the norm, but others are below it. It can service its loans and is not threatened with bankruptcy, but efforts are needed to improve its financial situation.

Conclusion

Your enterprise is in moderately good financial condition.

Conclusion

Your enterprise is in moderately good financial condition.

Conclusion

Your enterprise is in moderately good financial condition.

Conclusion

Your enterprise is in moderately good financial condition.

Conclusion

Your enterprise is in moderately good financial condition.

Section

Previous period check

To check a previous period, fill in all the fields in the table and press "Summary" then "Long-term solvency check for prior periods"

If you are human, leave this field blank.

OVERALL RESULT:

YOUR COMPANY IS IN VERY GOOD FINANCIAL CONDITION.

THE SHORT-TERM AND LONG-TERM SOLVENCY INDICATORS OF THE ENTERPRISE ARE WITHIN THE NORM. IT CAN SERVICE ITS OBLIGATIONS AND IS NOT THREATENED WITH BANKRUPTCY.

YOU MAY BE GOING BANKRUPT.

YOUR COMPANY IS IN POOR FINANCIAL CONDITION AND IS HAVING SERIOUS DIFFICULTIES IN SERVICING ITS OBLIGATIONS. ITS SHORT-TERM AND LONG-TERM SOLVENCY INDICATORS ARE BELOW PAR.

YOUR BUSINESS IS IN MODERATELY GOOD FINANCIAL CONDITION.

THE MAIN PART OF THE SHORT-TERM AND LONG-TERM SOLVENCY INDICATORS OF THE ENTERPRISE ARE WITHIN THE NORM, BUT OTHERS ARE BELOW IT. IT CAN SERVICE ITS LOANS AND IS NOT THREATENED WITH BANKRUPTCY, BUT EFFORTS ARE NEEDED TO IMPROVE ITS FINANCIAL SITUATION.

MODERATE RISK OF BANKRUPTCY.

THE LONG-TERM SOLVENCY INDICATORS OF YOUR ENTERPRISE ARE WITHIN THE NORM, BUT THERE ARE PROBLEMS WITH HIS SHORT-TERM SOLVENCY. THIS IS AN INDICATOR OF POSSIBLE DIFFICULTIES IN SERVICING THE LOANS.

HIGH RISK OF BANKRUPTCY.

THE SHORT-TERM SOLVENCY INDICATORS OF YOUR ENTERPRISE ARE WITHIN THE NORM, BUT THERE ARE PROBLEMS WITH HIS LONG-TERM SOLVENCY. THIS IS AN INDICATOR OF POSSIBLE SERIOUS DIFFICULTIES IN SERVICING THE LOANS.

Long-term solvency indicators

Solvency ratio

It shows how much BGN equity the company uses to cover each BGN of its debt (raised capital). Gives an idea of her ability to repay her debts. It should be ≥ 1, but a recommended value is 2÷3.

Financial autonomy ratio based on total capital

It shows the share of equity capital in the total capital of the company. Gives an idea of the extent of her dependence on debts. It should be ≥ 0.5.

Financial autonomy ratio based on constant capital

It shows what share of equity capital is in the firm's fixed capital. Gives an idea of the extent of her dependence on debts. It should be ≥ 0.6.

Financial leverage ratio

It shows how much the company's equity capital covers its debt (raised capital). It gives an idea of the indebtedness of the company and its ability to pay its debts. It should be ≤ 1, but a recommended value is 0.33 ÷ 0.5.

Fixed (non-current) assets coverage ratio

It shows the extent to which the firm's fixed assets are secured by equity and long-term liabilities.
Must be > 1.

Short-term solvency indicators

Total (current) liquidity ratio

It shows how much of its current liabilities the company can pay with its available current assets.
It should be 1÷3.

Quick liquidity ratio

It shows how much of its current liabilities the company can quickly pay with its available short-term receivables, short-term financial assets and cash.
It should be 0.6 ÷ 0.7.

Immediate liquidity ratio

It shows how much of its current liabilities the company can pay immediately with its available short-term financial assets and cash.
It should be 0.3 ÷ 0.4.

Absolute liquidity ratio

It shows how much of its current liabilities the company can directly pay with its available cash.
Must be > 0.2.

Financial manoeuvrability ratio

It shows the share of the dynamic part of the firm's assets (with which it can be maneuvered) in its equity capital.
Must be > 0.1.

Financial balance indicator

It requires the value of a firm's current assets to exceed the value of its short-term liabilities, and the value of fixed capital to exceed the value of its fixed assets. Must be > 0.