Special indicators and matrices for assessing an enterprise’s restructuring capacity in a risky environment

<jats:p>This article examines the theoretical and methodological foundations for assessing a company’s restructuring capacity in a risky economic environment. It is argued that traditional approaches, which are based primarily on liquidity and solvency analyses and on integrated bankruptcy prediction models, do not provide a comprehensive assessment of an enterprise’s ability to successfully undergo financial rehabilitation. The necessity of transitioning from a static analysis of financial condition to an integrated assessment of recovery potential-which takes into account the interaction of financial, operational, macroeconomic, and judicial-institutional factors-is demonstrated. The authors propose a methodological approach to assessing an enterprise’s rehabilitation capacity, based on the judicially adaptive rehabilitation capacity indicator (SASC), which combines adjusted cash flow with the aggregate rehabilitation risk. Unlike existing methods, the proposed indicator allows for the assessment not only of the financial prerequisites for resuming operations but also of the impact of the institutional environment and legal risks on the feasibility of a restructuring scenario. To deepen the managerial interpretation of the results, a matrix of actual restructuring capacity has been developed that integrates the enterprise’s economic adaptability with judicial predictability, and a matrix for selecting a restructuring scenario based on the stage of the financial crisis. This ensures a differentiated approach to managerial decision-making, taking into account the intensity of crisis processes and the specific characteristics of the enterprise’s operations. The methodological toolkit for assessment has been improved by supplementing it with the integral restructuring vulnerability index (ISV), which quantifies the strength of the destabilizing impact of internal and external risks and is used alongside the SASC indicator to form a comprehensive map of managerial decisions. Combining these indicators with matrix models improves the soundness of the choice between restructuring and liquidation scenarios, minimizes the risk of misjudging the enterprise’s recovery potential, and ensures the timely adjustment of financial recovery measures in response to changes in the crisis. Keywords: enterprise rehabilitation, indicators, economic and legal framework, threat of insolvency, potential for restoring solvency, crisis environment, preventive restructuring, crisis management.</jats:p>