In the context of continuing population growth in regional centers, one of which is the city of Rostovon-Don, industrial enterprises of the city are becoming important as centers of job creation. The reduction in the number and volume of output of industrial enterprises in the city has significant dimensions. This study is scoped at assessing the financial stability of industrial enterprises that continue to operate in the city using the Altman Zscore models, which have proven their effectiveness in the probability of bankruptcy at the global level. The study was conducted on a sample of ten industrial enterprises in the manufacturing industry. Two Altman Z-score models were used as tools: for private enterprises in the industrial sector, and for enterprises from emerging markets. The results of the analysis suggest that the Z-model for private industrial companies is better suited for assessing the financial stability of the manufacturing industry companies. The use of the classic Z-score model and the emerging market Z-score model has some limitations. Assessment of financial stability based on Altman models indicates a good and satisfactory financial condition of the majority of industrial enterprises in the city. As a result of the Altman Z-score models assessment, it was found that the main variables that negatively affect the final results of the Z-score are the long-term functioning of economic entities with negative financial results and negative net working capital.
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