skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Dependencies between financial ratios among companies listed on the Warsaw Stock Exchange

Zeszyty Naukowe Małopolskiej Wyższej Szkoły Ekonomicznej w Tarnowie, 2021-06, Vol.50 (2), p.37-51 [Peer Reviewed Journal]

ISSN: 1506-2635 ;EISSN: 2658-1817 ;DOI: 10.25944/znmwse.2021.02.3751

Full text available

Citations Cited by
  • Title:
    Dependencies between financial ratios among companies listed on the Warsaw Stock Exchange
  • Author: Bartłomiej Pilch
  • Subjects: financial ratios ; indebtedness ; liquidity ; profitability
  • Is Part Of: Zeszyty Naukowe Małopolskiej Wyższej Szkoły Ekonomicznej w Tarnowie, 2021-06, Vol.50 (2), p.37-51
  • Description: The dependencies between liquidity, profitability and indebtedness ratios are usually quite unclear. Many empirical studies provide insight into this issue. However, research results are varied and often inconsistent. Hence, it was decided to verify the relationships between the title groups of indicators, taking into account the Polish capital market. The research methodology included mainly the literature review and data analysis (using descriptive statistics and correlation). The research sample consisted of the majority of companies listed on the Warsaw Stock Exchange and covered the period 2015–2019. Based on this analysis, the following conclusions were drawn. Regarding liquidity ratios, it is worth pointing out that their values are strongly differentiated. On average, it seems that analyzed entities were characterized by quite a safe level of liquidity. Most of the companies were also generating income (in more than 60% of cases). The level of their indebtedness was medium, but coverage ratios were at a fully satisfactory level on average. The relationships between liquidity and profitability indicators were varied, there was no significant correlation between them. An increase in profitability/ liquidity on average led to slightly negative or no relevant changes in liquidity/ profitability. For the dependence between profitability and indebtedness, it was rather a negative one. Similarly, a negative correlation was observed in the case of the liquidity and the level of indebtedness.
  • Publisher: Malopolska School of Economics in Tarnow, Poland
  • Language: English
  • Identifier: ISSN: 1506-2635
    EISSN: 2658-1817
    DOI: 10.25944/znmwse.2021.02.3751
  • Source: DOAJ Directory of Open Access Journals
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait