The subject of this bachelor work is the financial analysis of companies. Company’s financial results have been benchmarked against other companies within the industry. Work has been divided into a theoretical and a practical part. The theoretical part describes the concepts for the correct understanding of the financial analysis, it also discusses ratio analysis. For the practical part, the company KOVOSVIT MAS has been selected for analysis. Years 2004 - 2011 have been analysed. The financial analysis is based solely on the information available from the Company’s register and from information presented by the company on their website. The financial analysis evaluates several ratios including net working capital and absolute values. The main aim of the analysis is to evaluate long term trends in comparison to the rest oft the industry . ( Machinery and machinery tools production) and evaluate it’s position on the market.