Finanční analýza Dopravních podniků hl. m. Prahy, Brna a Ostravy

The thesis is focused on the process of financial analysis of transport companies operating in the public sector. The goal of the thesis is to identify specifics of this field and describe the differences in financial analysis in the private and public sector, while showing how some financial ratios can gain inverse interpretations. It describes the logic and illustrative procedure of applying renowned ratios, as well as constructing ratios specifically for this field, including mentions of their limits and drawbacks originating from lack of available data. Additionally the thesis aims to find similar strategies and processes that the selected companies may use in financial and investment decision-making; the conclusion being that there largely are similarities. On the contrary, differences can be seen especially in financing of investments and the degree of subsidy dependence, which is partially influenced by the differing sizes of selected companies.