
Assessment of Financial Health of Selected Transport Companies Conducting Business in the Public Line Transport
Author(s) -
Martin Telecký,
Jiří Čejka
Publication year - 2018
Publication title -
periodica polytechnica. transportation engineering
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.388
H-Index - 15
eISSN - 1587-3811
pISSN - 0303-7800
DOI - 10.3311/pptr.11167
Subject(s) - bankruptcy , credibility , business , finance , financial analysis , financial services , financial ratio , law , political science
As a part of their business, the transport companies provide the traffic services in the given region. For the needs of efficient managerial or financial management, it is necessary to know the detail financial analysis upon which the financial health of the company can be determined. The financial analysis utilizes the diagnostic methods which evaluates the company´s management from the viewpoint of the past, the presence and the expected future. Based on the financial health values, we can avoid future problems. The managers are warned against the possible bankruptcy in time. By selecting the appropriate classification models applied to the Czech environment, the financial situations of the carriers can be found out. Then, the intercompany comparison method is applied to assess the economic situation of selected carriers. The results achieved after applying the classification models and the intercompany comparison method serve as the key outcome of verification of credibility of selected classification models.