Análise de solvência de dois clubes de futebol do nordeste

Abstract

This research aimed to analyze the solvency or insolvency of two football clubs in the northeast, being Botafogo from Paraíba and Sport of Pernambuco, through the use of solvency thermometers of Kanitz and Elizabetsky, in order to understand the financial reality of these clubs. For the performance of this study, the methodology used was through a documentary research based on the financial years 2018 and 2019 of the clubs, with a quantitative and qualitative approach. The main economic and financial and indebtedness indices of the clubs were calculated, verifying the state of insolvency or solvency of the clubs. It was found that the economic and financial and indebtedness indices are at a low level, with implications for the solvency state of the clubs. It was concluded that within the two models used, only the Elizabetsky model was able to define a situation closer to the reality of the clubs, based on their demonstrations. On the other hand, by the Kanitz model, it can be inferred that the liquidity ratios were more efficient to define the insolvency of the clubs, considering that they present a picture of low liquidity being determined by the negative net worth and net profit, constituting results that stated that the clubs were solvent. This result was obtained by the use of the mathematical rule, since when there are two negative values in multiplication or division, or in the division, the result will be positive, making the Kanitz thermometer ineffective in this situation.