The global economy impact strongly on our country and our companies, that is why it is necessary to be constantly measuring the effectiveness of the medications to react to changing environmental conditions, using for this purpose tools like financial analysis are increasingly important in our bodies.
From the above the aim is to provide as performs financial analysis of the Structural Steel Company of La Tunas Pace Cabrera”,”ME-TUNAS commercial designation, for it is addressed primarily in the theoretical framework of the main concepts, methods, tools, formulas and techniques used in this type of analysis, are now also the most important features of the company: their basic production, services are provided and some works have been carried out, it also outlines about the behavior of human capital. Development and shows the calculation of the main financial indicators which allowed us to characterize the situation in which the company is comparing the first quarter of 2010 compared to first quarter of 2009.
In an uphill struggle to maintain the gains achieved, the Cuban State adopts new measures that help the economy recover, within these market diversification, the legalization of the dollar and our economy open to foreign investment. Our country has been making a strenuous and sustained effort to achieve progress in the midst of a difficult international situation, which rages ever more fiercely to block the most arrogant nation in the universe.
All this has caused significant economic changes, as well as implementing new financial management techniques that were used in the rest of the world. Cuban companies currently use little or wrongly these techniques, which can have a direct impact on business efficiency and improving your financial situation. This entails those problems such as excessive growth of accounts receivable, accounts payable aging, low liquidity, inadequate working capital management, inadequate inventory management, high debt to financial institutions and low profitability, among others.
The process of economic and financial analysis is one of the key factors for sustainable development and pro-business. Be necessary to use these mechanisms to enhance the effectiveness and efficiency of the company.
From the economic-financial analysis of financial statements, it can be projected on the future behavior of a number of key variables for decision making.
Hence the importance of the accounting data, which requires a flow of truthful and accurate information. The intelligent use of this information will probably only be achieved if decision makers in businesses understand the essential aspects of the accounting process, which ends with a final product, the financial statements and analysis of these states to find out the reality that underlies that information.
That is why the aim of this paper is to highlight the importance of economic analysis – financial for a company especially that the company has for METUNAS. For that purpose a theoretical explanation of key financial ratios (working capital, liquidity, solvency, quick ratio, inventory turnover, debt quality, rotation of the accounts receivable and payable, profitability, financial performance, among other ) and the calculation and interpretation of these data taken as those reflected in the financial statements of the first quarter of 2009 and 2010, and it provides the characterization of the company and the financial situation of the same.