Open Data Albania is investigating on solvency of companies with a public institution as a shareholder. Our analysis in terms of these companies solvency was based on financial statements data taken from historical extracts of National Registration Centre. This indicator assesses the ability of a company to repay its liabilities.

During 2012-2014, only sixty-seven from 120 commercial companies under research have filed their financial statements to NRC. Among them, Albanian Power Corporation JSC (KESH SHA) has the highest amount of obligations in the balance sheet liability 2014 running at ALL 107.  Transmission System Operator (OST) and Vlora POWER PLANT JSC has also high liabilities amounting to ALL 10 billion during a three year period.


Source: National Registration Center (NRC)
Comments and analysis: ODA

Liabilities of Joint Stock  Companies with public capital, 2012-2014

Source: National Registration Center (NRC)   
Comments and analysis: ODA   

Ratios to analyze the solvency of a company are two. The total debt ratio is calculated as the ratio of obligations against equity and liabilities and indicates the weight that obligations get into the company?s liabilities. The ratio of total liabilities versus equity indicates which part of assets is financed by capital and which by loan.

Solvency of Companies with quotas from a Public Institution 2014



Source: National Registration Center (NRC)   
Comments and analysis: ODA 

 


Source: National Registration Center (NRC)   
Comments and analysis: ODA 

Albanian Power Corporation JSC (KESH SHA) with the highest amount of liabilities has a debt ratio of 84% in 2014. So, this company’s obligations get 84% of the liability. The other ratio of the same company shows that for every 1 ALL of financing with its own equity, it funds ALL 5.31 on credit.

Vlora POWER PLANT JSC recorded the highest ratio of liabilities to equity in 2014, which amounted to 443.4 times. TREATMENT OF STUDENTS JSC in Gjirokastra, which is financed by its own capital at a rate of 100%, reflects the best situation concerning solvency during this year.

Comments and Analysis: Open Data Albania
Contribution by: Griselda Ruci