University of Economics in Bratislava, Faculty of Business Economics,
Department of Corporate financial management
Tajovského 13, 040 01 Košice
Sieber Jakub
University of Economics in Bratislava, Faculty of Business Economics,
Department of Corporate financial management
Tajovského 13, 040 01 Košice
PREDICTION OF THE FINANCIAL HEALTH OF THE COMPANY USING THE BANKRUPTCY MODEL IN05 AND THE CREDITWORTHINESS INDEX
Abstract: Predictive approaches to the evaluation of corporate performance can also include aggregate evaluation indices (bankruptcy and creditworthiness models). The evaluation of the performance of enterprises on the basis of traditional procedures uses aggregate evaluation indices in order to assess the financial situation of the enterprise through a number of absolute, differential and ratio indicators. These indicators define the basic areas in the forecast of financial health – financial stability, financial structure, income and expenditure analysis, efficiency of asset management, corporate solvency and productivity. The most well-known models include the Tamari index, the Kralicek quicktest, the creditworthiness index, the credibility index, the Altman index, the Taffler model, the Be-erman discriminant analysis, the Argenti model, the Beaver model and other models. Only some of the mentioned models are mentioned in this article. The aim of the paper is the application of selected prediction mo-dels to a selected company.
Keywords: financial analysis, financial performance, financial indicator
JEL classification: L25, H12