The importance of net working capital in the hotel companies’ liquidity assessment
Keywords:liquidity, net working capital, COVID-19, hotel companies, Republic of Serbia
The liquidity of the company, observed especially in crisis periods, through key indicators, is of great importance. In this context, net working capital represents a significant indicator, given that for its calculation current assets and current liabilities. The aim of this paper is to see that the pandemic of the COVID-19 virus affected the liquidity of hotel companies operating in the territory of the Republic of Serbia, but there are differences in the level of liquidity between hotel companies of different sizes, i.e., legal forms. The research covered 100 hotel companies, whereby their liquidity was measured by net working capital. In addition to descriptive analysis, the method of document content analysis and group comparison methods were used. The research results showed that, with the onset of the COVID-19 pandemic, hotel companies neither increased nor decreased their liquidity measured by net working capital.
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