Evaluation of Financial Health of Companies in Slovak Republic Based on Selected Mathematical-statistical Methods
Evaluation of Financial Health of Companies in Slovak Republic Based on Selected Mathematical-statistical Methods

Author(s): Michaela Kavčáková
Subject(s): Business Economy / Management, Methodology and research technology, Accounting - Business Administration
Published by: Masarykova univerzita nakladatelství
Keywords: financial health; financial distress prediction; Beaver´s test; Altman´s test; Quick test;
Summary/Abstract: The main purpose of this paper is to evaluate financial health of companies in Slovakia through selected mathematical-statistical methods and to compare them. The data used in the analysis of this paper has been obtained from the Slovak internet portal Finstat and we have been analysing the data between 2013 and 2017. From each group of models used to evaluate the financial health of companies we have chosen one test to use them in this paper – Beaver´s test, Altman´s test and Quick test. These tests differ in the way they calculate financial health, so on that basis we can determine the differences between them and we can determine which type of test is most reflective of the real situation of companies. In our paper, we will use Beaver´s test, Altman´s test and Quick test to evaluate financial health of companies in Slovakia in the chosen industry from 2013 to 2017.

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