Management Theory and Studies for Rural Business and Infrastructure Development, Volume 34

Study of companies’ balance sheets and financial indicators in Latvia during period of the economical crisis

Iveta Mietule

Abstract

The national economy of Latvia, including private sector, had experienced financial crisis, which had leave an impact not only to GDP indicators but also to the amount, value and financial situation of enterprises. Enterprises whether bigger or smaller losses survived this time period continue to function. But their economical indicators, including balance sheet items absolute indicators and financial indicators, had fundamentally change in absolute numbers as well as has change overall balance sheet structure. The purpose of research is to find out interrelations between financial indicators of companies and macro-economical indicators of the state, to indicate tendencies of changes of financial indicators of companies and macro-economical indicators of the state in the general economic crisis period in Latvia. As a result of this analysis were made conclusions about changes in structure and dynamics of balance sheet items as well as evaluated interrelationship of changes between GDP, singular balance sheet items and financial indicators.

JEL codes: G30, M21.

Keyword(s): assets, balance sheet, liabilities, profit, ratio


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Management Theory and Studies for Rural Business and Infrastructure Development eISSN 2345-0355

This journal is published under the terms of the Creative Commons Attribution-Noncommercial 3.0 Unported License. Responsible editor: Dr Audrius Gargasas.