Efficiency of TSL enterprises from EU-13 and EU-15 countries – a comparative study on the marine transport subsector

Tomasz Paweł Tyc


The paper presents ratios analysis of EU-15 and EU-13 marine transport enterprises during the 2009 – 2015 period. The author concentrates on quoted business entities in order to provide the most up-to-date data as well as to take into consideration enterprises with a significant level of income. By using the liabilities side of the balance sheet, the author is able to provide a valuable insight on the possibilities of individual business entities to self–finance, and thus – evaluate their strategy to finance the development of their operation. The evaluation in question make it also possible to analyzed the effectiveness of business models choice of entities providing service in a globalized sector – marine transportation.


marine transport, ratio analysis, liabilities, EU-15, EU-13

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DOI: https://doi.org/10.19197/tbr.v17i2.124


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Print ISSN: 1643-8175, Online ISSN: 2451-0955, DOI prefix: 10.19197, Principal Contact: tbr@wsb.torun.pl