The Proposed Approach for Assessing the Impact of CFR on WACC in Alcoholic Beverage Manufacturing Companies

Understanding and managing current financial requirements is crucial for ensuring any commercial organization's economic and financial stability. Organizations need short-term financial means to acquire raw materials, semi-finished products, and auxiliary materials and to make deferred payments to their customers while conducting their current economic activities. Consequently, attracting financial resources from various sources directly influences the weighted average cost of capital (WACC). It is possible to implement effective control of current financial needs by applying combined mechanisms for managing inventories, accounts receivable, and accounts payable. These mechanisms exhibit certain characteristics in different sectors, especially when considering the issue from both the perspective of financial resource sources and liquidity control. This article presents the proposed approach for assessing the impact of current financial requirements (CFR) on the WACC of alcoholic beverage manufacturing companies listed on global stock exchanges. Within the scope of the research, the key focus has been on the different capital structures in the studied sectors, market dynamics, and operational requirements. The article aims to conduct a comparative analysis of current financial requirements in alcoholic beverage manufacturing companies listed on international stock exchanges, to conduct a CFR comparative analysis, assess the relationship between CFR and WACC, and identify issues in the regulation of CFR in liquidity control processes through sectoral comparative analysis. The scientific novelty of the research lies in revealing the sector-specific features of CFR control and the proposed approach for assessing the impact of CFR on WACC.