Evolution of the bankruptcy rate indicator in the chemical segment in Slovakia in the context of the pandemic

Abstract

the pandemic has forced many businesses to shut down or reduce their operations, leading to a decline in revenue and profits. The aim of this research is to analyze the financial health of selected companies in Slovakia using Altman Z-score and to determine how the COVID-19 epidemic has affected their financial stability, and to provide insights into the companies' financial conditions and to help investors and other stakeholders make informed decisions. The Altman Z-score is a financial ratio that is used to predict a company's likelihood of bankruptcy. it provides a practical tool for companies to measure their financial health and take appropriate action to address any issues that may arise. The COVID-19 pandemic did have an impact on the financial health of companies, but it was not significant enough to cause a bankruptcy risk for any of them. This research highlights the importance of regular financial analysis for businesses to maintain financial health and avoid the risk of bankruptcy.