Using of Bankruptcy Indexes for Slovak Mining Firm Development

Negative impacts of the economic crisis on the economy of companies did not avoid Slovak mining industry. Due to the detecting and quantifying of main factors and affecting financial performance of the company after negative impact of the economic crisis, a financial analysis of specific conditions in mining firm, producing crushed stone, has been carried out. Results of analysis determined negative development of financial and executive business situation of the firm in the future. Consequently there were proposed recommendations with possible costs cut down with aim to achieve savings and improve indicators of business activity. According to the current need to improve financial stability of the firm, a way of financial management in the future has been designed, which should contribute to objectification, acceleration and simplification of the decision process.