USING THE SYSTEM OF MODELING THE OPTIMAL CAPITAL STRUCTURE AT THE ENTERPRISE

Purpose of research. Development of a tool for the implementation of ERM determine optimal credit exposure of the enterprises, allowing to choose the economic impact based on modeling of various variants of capital allocation with expected financial results.
Methodology. The expert evaluation method based on intuitive and logical analysis was applied.
Originality /value of research. Approaches to optimizing the credit load of an enterprise are Considered and an EMM is developed that allows determining the volume of loans with the maximum value of the enterprise at the maximum level of risk of the debt load.
Research results. The model of the optimal amount of credit load is justified, taking into account the cost of equity, the impact of risks of financial difficulties, the possible range of interest rates, income growth and aspects of the financing policy, which fully align the interests of private owners of the enterprise and related persons when choosing the structure of sources of funds.

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