The Analysis of the Financial Risks of Domestic Agriholdings

The article focuses on the sources and main indicators of financial risks of the largest agricultural companies of Ukraine, whose shares are traded on foreign stock exchanges. On the basis of comparative analytical review of credit, liquidity, currency and interest risks we identified their potential impact on the financial stability of the investigated companies. The research results helped to determine that liquidity and currency risks are the greatest threat to the holdings at this stage of development of agricultural sector. Economic recession in the domestic market, lowing of global growth forecasts and problems with VAT refunds, which deepen the existing gap between the repayment period of receivables and payables, have an impact on the liquidity risk. Currency risk enhances the specificity of the company’s liabilities structure which is dominated by the currency credit obligations, while the decline in world market prices for commodities may course fall of share of export currency earnings in income.