Financial analysis of economic health - enterprise in the food industry case.

The paper presents an analysis of the financial condition of a manufacturing enterprise in the food industry. Examined the financial situation of that unit based on the model of John Zietlow, which consists of fifteen sub-indicators concerned. These are divided into four groups, which refer to the considered time horizon - in general, immediate, short-term and medium-term. For that purpose the accounts of the company with six years of its operations (2007 to 2012). Index is expressed in a synthetic measure FHI (Financial Health Index), which summarizes the partial results of solvency, flexibility and liquidity. This measure allows to determine the circumstances of the entity. The results may reveal little stable areas and indicate fields that require improvement.

本论文针对食品制造业生产企业的财务状况展开分析。本次研究依托约翰·齐特洛（John Zietlow）提出的模型，对目标企业的财务状况进行考察，该模型包含15项相关子指标。上述15项子指标被划分为四大类别，对应本次研究考量的时间维度——即时、短期与中期三类时间范围。为此，研究选取该企业2007年至2012年共计6年的运营账目作为数据基础。本次分析采用财务健康指数（Financial Health Index，FHI）这一综合测度指标，该指数整合了偿债能力、运营弹性与流动性的分项评价结果。该指标可用于研判研究主体的经营境况，研究结果能够揭示企业财务体系中稳定性欠佳的领域，并指明亟待改进的方向。