COMPREHENSIVE ANALYSIS OF THE COMPANY'S FINANCIAL CONDITION USING THE EXAMPLE OF PJSC GAZPROM

Abstract

The article provides a comprehensive analysis of the financial condition of PJSC Gazprom for the period 2023–2024, based on data from Russian (RAS) and international (IFRS) financial reporting. The authors identify key trends, including declining liquidity, increasing financial dependence, and negative profitability under RAS, despite positive indicators under IFRS. Special attention is paid to the impact of external factors, such as geopolitical risks, reduced exports to Europe, and a shift toward Asian markets. The analysis reveals that the company is facing a working capital deficit, high debt burden, and declining asset utilization efficiency, reflected in deteriorating liquidity and profitability ratios. At the same time, Gazprom’s strong financial stability is noted, supported by an equity ratio significantly exceeding industry averages. The authors also examine structural changes in the balance sheet, including a reduction in exploration assets and an increase in accounts payable. In conclusion, recommendations are provided for cost optimization, liability management, and strategic development, including the exploration of new markets. The article is based on official financial statements, academic publications, and financial analysis methods, making it relevant for assessing the resilience of fuel and energy sector companies amid sanctions and market transformations.