Zhodnocení finanční situace podniku v potravinářském odvětví

Abstract

The aim of this work is the financial evaluation of the selected company using financial analysis. The work is divided into 3 parts - theoretical, which explains what financial analysis is and there are also described statements and individual methods, the second part describes the company we choose and the third part is practical, where are practical calculations of pre-selected absolute and ratios and aggregate models. The methods used in this work are: Analysis of absolute and ratio indicators, which are horizontal and vertical analysis, analysis of profitability, activity, liquidity and indebtedness and analysis of aggregate models, such as Altman Z-score, Taffler model, IN05 model and Kralick's Quicktest. Using these methods, we have found that the company is mainly financed by foreign capital, which causes high indebtedness, also has low profitability and sometimes even negative. Liquidity ratios are also below the recommended values ​​and the only positive ratios are the receivables turnover relative to the liabilities turnover period and the stable inventory turnover time. Using Altman's Z-score, the financial situation was satisfactory only in 2017 and could not be assessed in the other years examined, as the company was in the grey zone. According to the Taffler model, the probability of bankruptcy is low in 2015-2017 and in 2018 the company is again in the grey zone. However, according to the most relevant model, the IN05 model, which is designed for Czech companies, the company does not create value and is at risk of serious financial problems. When assessing creditworthiness using Kralick's Quicktest, the company is in the grey zone in all the years studied. It follows that the financial situation of the company is not very satisfactory, although the company is not going to bankruptcy, but has financial problems, does not create value and is not creditworthy.