The subject of this thesis is the analysis of financial statements on the example of the company Valamar Riviera d.d. and its financial stability and the success of the company's operations will be evaluated through the conducted analyzes and selected methods. This analysis is interesting to conduct because of the strong impact of the Covid-19 virus pandemic in 2020-2021 where the ups and downs in the company's operations are clearly visible. The horizontal analysis will provide comparative results for a longer time period, while the vertical analysis will provide a structural sight at a period of one year. However, the real issue is reached through the analysis of financial indicators, which will be used to assess the financial stability of the company. For the purposes of this thesis will be used data sources of domestic and foreign scientific and professional literature, various databases and annual financial reports of the company Valamar. The purpose of the conducted analysis is to help the company's management to get quality information about the current state of health of the company's business in time and about the improvement of business management in the future. The clearest state of the company will be given by liquidity indicators, whose indicators point to a deficit of working capital and a lack of quality long-term sources of financing, as well as indicators of economy, which show that the economy of the overall operation is below the benchmark levels.