Introduction. Studying the relationship between macroeconomic indicators and the financial stability of companies is an important task for economic forecasting and risk management. This paper attempts to assess the nature of this relationship at an aggregated industry level, which helps to minimize errors associated with the non-representativeness of samples of individual enterprises. Еmpirical analysis. The research is based on an analysis of aggregated data from 2,230,121 Russian non-financial organizations for the period from 2014 to 2023.
