Znaczenie oceny płynności i rentowności w aspekcie zagrożenia ryzykiem upadłości przedsiębiorstw na przykładzie branży górniczo‑hutniczej
The importance of liquidity and profitability assessment in terms of the risk of bankruptcy of enterprises based on the example of the mining and metallurgical industry

Summary/Abstract: Liquidity and profitability ratios provide information that allows to assess the financial condition of a given business entity. Early detection of bankruptcy risk is a necessary requirement that enables to take quick corrective actions to avoid bankruptcy. Due to the fact that there are appropriate models of early warning of enterprises against the risk of bankruptcy it is possible to detect the threat by appropriate control of the financial situation. The aim of this article is to identify problems in the area of liquidity and profitability that may lead to bankruptcy of mining and metallurgical companies in Poland in the future. On the basis of collected and then elaborated data from financial statements ratio analysis of liquidity and profitability will be carried out and discriminant models will be built. The results will make it possible to verify the hypothesis that the mining and metallurgical industry in Poland faces liquidity and profitability problems, which may lead to the companies’ bankruptcy in the future. The conducted research proves that the determined liquidity and profitability ratios were reflected in the results of discriminant model analysis. In the situation where the ratios were higher, the discriminant models also presented higher values of the Z parameter. The study is descriptive and empirical in nature.

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