Bankruptcy Models as an Important Attribute For Estimating the Financial Health of Enterprises in Slovak Republic

The future is uncertain, and any enterprise cannot be assured of trouble-free continuation of doing business on the market. It is not elementary to examine and assess the strength of the various factors that affect the variability of operating conditions, but enterprises have the opportunity to address this issue through the theory of discriminatory models. In this research paper we focused on predicting the financial health of 60 enterprises from Slovakia through the use of two bankruptcy models. One of the models is the G-index, designed by Slovak author Gurcik and the second is Polish model of the authors Gajdki and Stosa. Based on both prediction bankruptcy models, we have determined the financial health of enterprises through the early-warning systems according to the behavior of selected indicators. The use of bankruptcy models predominantly applies to private enterprises within different industries, and in the case of non-profit organizations it is not possible utilized, so the focus is on efficiency. On the ground of the results, enterprises and their management can take action in the context of current and future decision-making and identifying potential problems in time for serious problems or even bankruptcy. Utilizing the two bankruptcy models allows to compare selected models.