Abstract

The financial health of company is extremely important for potential investment decisions. Financial health is mainly assessed by financial analysis which identify strengths and weakness. The aim of paper is to evaluate and to compare financial health of selected international Slovak and Czech airports. We applied the best-known financial variables, particularly liquidity ratios, asset management ratios, debt ratios and profitability ratios. Then, we compare results of Bratislava Airport with Kosice Airport, Ostrava Airport and Prague Airport. We calculate financial ratios based on statements of international airports. The results show that Bratislava Airport is mainly good at current assets management during analysed period. On the other hand, Bratislava Airport have long-term problem with profitability ratios.

Highlights

  • Financial analysis is a tool for decomposition of financial statements

  • Based on analysis of profitability ratios, we found out that profitability ratios have reached negative level since 2011

  • Based on methods of financial analysis we identified strengths and weaknesses of Bratislava Airport in compared with significant international airports in the Slovak and Czech Republic

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Summary

Introduction

Financial analysis is a tool for decomposition of financial statements. The aim of financial analysis is to obtain an overview about assets and capital structure in enterprise. Based on the result of financial analysis we can make investment decisions. Financial health expresses resistance to external and internal risks. Enterprises can achieve optimal financial conditions, for instance, based on adequate liquidity and profitability ratios. The fulfilment of these attributes enhances the increase of company market value [1, 2]

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