M41 - AccountingReturn

Paper deals with the comparison of the total indebtedness of companies in the 15 member states of the European Union and in 10 sectors. The median values of indicators of debt to assets ratio, long-term credit indebtedness and short-term credit indebtedness are selected for measurement. The results of the analysis show a wide range of values achieved by country and by sectors. Some conclusions can only be made about certain preferences of long-term or short-term credit indebtedness within some countries or some sectors.

Kralicek's Quicktest is one of the most popular creditworthy models in qualifying works. The article compares the original construction of this model with its description in 14 Czech textbooks in order to help users of financial analysis to apply it correctly, as Czech authors approach very differently to fill some input items, such as cash flows. At the same time, the article assesses the expansion of this model in the world and examines references in the scientific literature in databases of Web of Science and Scopus. Finally, the occurrence of Kralicek's model in qualifying works at the Faculty of Finance and Accounting at University of Economics, Prague was investigated for the period from 1st January 2007 to 17th October 2018.