The article develops a practice-oriented methodology for assessing the financial risks of small retail enterprises in the Russian institutional environment and in the context of inflationary volatility. It is shown that a high share of working capital, seasonal demand, narrow markups, and dependence on short-term funding increase the sensitivity to liquidity risks, refinancing, interest and currency shocks, as well as to the credit risk of counterparties. An integrated approach is proposed that combines: dynamic liquidity analysis on a rolling horizon (cash budgeting, time and gap tables, simplified stress scenarios); quantitative assessment of market risks using sensitivity and scenario analysis (rate shifts, rate spreads, breakeven thresholds for price and exchange rates); a simplified credit risk assessment system (internal ratings, limits, review triggers, and stress tests of accounts receivable); and assessment of refinancing risk through analysis of the maturity structure of liabilities and the availability of unused limits. As a summarizing metric, we propose a combination of short-term marginal losses calculated based on internal data and the semi-scenario method, with a required liquid buffer for passing realistic stresses.
financial risks of an enterprise, small trading business, refinancing risk, credit risk of contractors, interest and currency risk, and working capital
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