Analysis of Financial Indicators of Small and Medium – Sized Enterprises in the Slovak Republic Under the Conditions of External Disruptions

Abstract

At the beginning of 2020, the world was paralyzed by the COVID-19 pandemic. In 2021, we were witnesses of a rise in macroeconomic variables, which was interrupted by disrupted supplier – customer relations, war in Ukraine and high inflation. As the article reveals, external disturbances were reflected in the values of financial indicators of small and medium – sized enterprises in the SR. In this regard, we used added value as one of the most important quantitative indicators through which the efficiency of the small and medium – sized enterprises is evaluated. According to our findings, COVID-19 pandemic caused its decrease in 2020 followed by its increase in 2021. Regarding high inflation, small and medium – sized enterprises managed to get over high inflation rate in 2022 by transferring rising costs into sales.