Entrepreneurial activity is inextricably linked with the existence of a certain level of risk, which is why the topic of risk management remains relevant to this day. Some types of risks cannot be predicted or avoided, but their number is small. Basically, a risky situation can be played in your favor if it is analyzed, evaluated and the necessary decision is made in time. The purpose of this work is to determine the effectiveness of financial risk management in an organization based on theoretical data: articles, manuals and other scientific literature, as well as on the basis of the activities of a real company. Such research methods as analysis and synthesis of scientific literature, relative quantitative analysis of the financial activity of the enterprise were used. Based on the obtained financial ratios, an analysis was made of the position of the organization, as well as the existence of financial risks. Thanks to the study of the economic and financial condition of the enterprise, it is possible to prevent the negative consequences of existing or potential risks, but at the same time take advantage of the benefits provided by various risk situations.