ASSESSMENT OF THE FINANCIAL POSITION OF BUSINESSES OPERATING WITHIN A CERTAIN SECTOR OF THE NATIONAL ECONOMY

Abstract

Background: The financial status of a company has a considerable influence on its operational activities, revenue, expenses, and, ultimately, its profit and loss at the conclusion of the economic cycle. Aims: The study also highlights the company's financial stability analysis in this industry and verifies its resilience in the Slovak market circumstances. The economic sector NACE H (transport and storage), which ranks as the second most important division in the analysed context, was selected to highlight the significance of forecasting financial well-being. Methodology: The research entails assessing the changes in assets and liabilities throughout the observed time of 2020 to 2022, along with computing key ratio indicators such as liquidity, profitability, indebtedness, and activity. The data used in the given study were sourced from professional literature and firm records supplied. Results: The study conducted revealed the current deficiencies in the company's management. Based on this, the conclusion provided potential recommendations for improvement in many areas. Financial analysis provides valuable insights into a company's historical performance, identifies areas of concern, and offers predictions for future growth. However, it may not provide definitive answers to all inquiries.