Issue: № 12, 2025
Doi: https://doi.org/10.37634/efp.2025.12.2
The paper examines the applicability of international practices in using auxiliary financial indicators to assess the financial condition of mining industry enterprises in Ukraine. The paper substantiates the relevance of introducing additional analytical ratios that can complement traditional measures of solvency, liquidity, and profitability. Special attention is given to the adaptation of the B index, which reflects the relationship between administrative expenses and the company’s value. Considering the limited availability of market data and the specific features of national reporting, the paper proposes a modified approach based on balance sheet indicators instead of market capitalization. The research methodology combines descriptive and comparative analysis, allowing for the evaluation of the proposed adaptation within a representative sample of Ukrainian mining enterprises. The empirical results demonstrate that the adapted B index can serve as an informative supplementary tool for assessing managerial efficiency and financial sustainability, especially for non-public companies with restricted market information. The comparison between the original and adapted forms shows a consistent analytical pattern, confirming the validity of using accounting-based proxies under local data constraints. The paper concludes that the integration of international auxiliary financial indicators into domestic analytical practice contributes to improving the comprehensiveness and comparability of financial assessments in the mining sector. The proposed adaptation of the B index expands the toolkit available to analysts and may support more grounded conclusions regarding the performance and resilience of enterprises operating under the specific institutional and market conditions of Ukraine’s extractive industry.
Keywords : auxiliary financial indicators, financial condition, B index, adaptation of international practice, mining industry, analytical assessment, enterprise sustainability
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