During the period of transformation and transition to the seventh technological order, an important aspect is the substantiation of economic interpretations and indicators that contribute to the effective development of enterprises. One of the main indicators is the indicator of financial stability, since each enterprise in its economic activity should strive to ensure the highest level of financial independence, stability and positive financial results. Enterprises do not become illiquid in one day, therefore, the reasons for insolvency arise over a fairly long period of time, and the current situation could have been corrected at the initial stage by taking competent steps towards strengthening the financial stability of the enterprise. In the process of the conducted research, methods of mathematical analysis, empirical research methods, as well as methods of analysis, synthesis, generalization were applied. The research purpose is to consider the transformation approaches to the definition of «financial stability». The conclusions include recommendations for improving the liquidity and solvency of enterprises.