KSP Polonia Warszawa’s Financial Problems – Analysis of Liquidity and Debt
Financial liquidity is one of the most important areas of running business operations. Each entity must keep it at an adequate level. Lack of financial liquidity is the main factor leading to bankruptcy of companies. The analysis of liquidity and debt verifies the ability of an entity to pay current...
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| Format: | Article |
| Language: | English |
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Cognitione Foundation for the Dissemination of Knowledge and Science
2013-01-01
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| Series: | Journal of Entrepreneurship, Management and Innovation |
| Subjects: | |
| Online Access: |
http://jemi.edu.pl/uploadedFiles/file/all-issues/vol9/issue1/JEMI_Vol_9_Issue_1_2013_Article_8.pdf
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| _version_ | 1797429547415633920 |
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| author | Elżbieta Marcinkowska |
| author_facet | Elżbieta Marcinkowska |
| author_sort | Elżbieta Marcinkowska |
| collection | DOAJ |
| description | Financial liquidity is one of the most important areas of running business operations. Each entity must keep it at an adequate level. Lack of financial liquidity is the main factor leading to bankruptcy of companies. The analysis of liquidity and debt verifies the ability of an entity to pay current liabilities and also confirms the company’s ability to survive on the market. Based on the results of the analysis of liquidity and debt the management should therefore prepare liquidity management strategy. The article is based on the available financial statements of KSP Polonia Warszawa Sportowa Spółka Akcyjna and presents an analysis of its liquidity and debt. The results of this analysis for years 2008-2010were very alarming and indicative of the upcoming bankruptcy of the club. In July this year, an application was filed with the court confirming insolvency of the club and, by virtue of a decision issued by PZPN (Polish Football Association), Polonia Warszawa, so far playing in the Ekstraklasa (Polish top division), will start the next season in the 4th division. It will take the club many years to regain its position. |
| first_indexed | 2024-03-09T09:14:42Z |
| format | Article |
| id | doaj.art-4548ed34cad24099bbaa3184be6c4f35 |
| institution | Directory Open Access Journal |
| issn | 2299-7326 |
| language | English |
| last_indexed | 2024-03-09T09:14:42Z |
| publishDate | 2013-01-01 |
| publisher | Cognitione Foundation for the Dissemination of Knowledge and Science |
| record_format | Article |
| series | Journal of Entrepreneurship, Management and Innovation |
| spelling | doaj.art-4548ed34cad24099bbaa3184be6c4f352023-12-02T07:25:28ZengCognitione Foundation for the Dissemination of Knowledge and ScienceJournal of Entrepreneurship, Management and Innovation2299-73262013-01-019113515510.7341/2013918KSP Polonia Warszawa’s Financial Problems – Analysis of Liquidity and DebtElżbieta Marcinkowska0 AGH University of Science and Technology Financial liquidity is one of the most important areas of running business operations. Each entity must keep it at an adequate level. Lack of financial liquidity is the main factor leading to bankruptcy of companies. The analysis of liquidity and debt verifies the ability of an entity to pay current liabilities and also confirms the company’s ability to survive on the market. Based on the results of the analysis of liquidity and debt the management should therefore prepare liquidity management strategy. The article is based on the available financial statements of KSP Polonia Warszawa Sportowa Spółka Akcyjna and presents an analysis of its liquidity and debt. The results of this analysis for years 2008-2010were very alarming and indicative of the upcoming bankruptcy of the club. In July this year, an application was filed with the court confirming insolvency of the club and, by virtue of a decision issued by PZPN (Polish Football Association), Polonia Warszawa, so far playing in the Ekstraklasa (Polish top division), will start the next season in the 4th division. It will take the club many years to regain its position. http://jemi.edu.pl/uploadedFiles/file/all-issues/vol9/issue1/JEMI_Vol_9_Issue_1_2013_Article_8.pdf sports clubKSP Polonia Warszawafinancial problemsfootball divisionliquiditydebt |
| spellingShingle | Elżbieta Marcinkowska KSP Polonia Warszawa’s Financial Problems – Analysis of Liquidity and Debt Journal of Entrepreneurship, Management and Innovation sports club KSP Polonia Warszawa financial problems football division liquidity debt |
| title | KSP Polonia Warszawa’s Financial Problems – Analysis of Liquidity and Debt |
| title_full | KSP Polonia Warszawa’s Financial Problems – Analysis of Liquidity and Debt |
| title_fullStr | KSP Polonia Warszawa’s Financial Problems – Analysis of Liquidity and Debt |
| title_full_unstemmed | KSP Polonia Warszawa’s Financial Problems – Analysis of Liquidity and Debt |
| title_short | KSP Polonia Warszawa’s Financial Problems – Analysis of Liquidity and Debt |
| title_sort | ksp polonia warszawa s financial problems analysis of liquidity and debt |
| topic | sports club KSP Polonia Warszawa financial problems football division liquidity debt |
| url |
http://jemi.edu.pl/uploadedFiles/file/all-issues/vol9/issue1/JEMI_Vol_9_Issue_1_2013_Article_8.pdf
|
| work_keys_str_mv | AT elzbietamarcinkowska ksppoloniawarszawasfinancialproblemsanalysisofliquidityanddebt |