Dopad covidové krize na hospodaření podniků v sektoru ubytování, stravování a pohostinství v ČR a Německu

The thesis examines the impact of COVID-19 on the performance of companies in the Accommodation and food service activities sector in the Czech Republic and Germany by analysing changes in financial analysis ratios in 2020 and 2021 compared to 2019. The results for each country are then compared and the effect of the pandemic on changes in the indicators is tested using regression analysis. The thesis includes an introduction to the theory of financial analysis, a summary of anti-pandemic government measures in both countries and government support during the pandemic. The indicators selected for analysis are return on assets, total asset turnover, current liquidity, debt ratio, average collection period, days payable outstanding and trade deficit. The analysis shows that the financial situation in 2021 was better than in 2020. The rentability of Czech companies was higher during the pandemic, but German companies had higher asset utilisation efficiency, higher values of current liquidity and shorter average collection period and days payable outstanding. The decline in profitability, the loss of efficiency in asset utilisation, and the increase of total debt were more pronounced in Germany, although the government´s anti-pandemic measures in Germany were more moderate and government support more extensive. The indicators for days payable oustanding and debt ratio show very similar trends between countries. The trade deficit and return on assets indicators show the largest differences in development. Based on regression analysis, the effect of the pandemic on changes in return on assets, days payable outstanding and trade deficit was confirmed.