energies Article Management and Economic Sustainability of the Slovak Industrial Companies with Medium Energy Intensity Róbert Štefko 1,*, Petra Vašaniˇcová 2 , Sylvia Jenˇcová 3 and Aneta Pachura 4 1 Department of Marketing and International Trade, Faculty of Management, University of Prešov, 080 01 Prešov, Slovakia 2 Department of Mathematical Methods and Managerial Informatics, Faculty of Management, University of Prešov, 080 01 Prešov, Slovakia;
[email protected] 3 Department of Finance, Faculty of Management, University of Prešov, 080 01 Prešov, Slovakia;
[email protected] 4 Faculty of Management, Czestochowa University of Technology, 42-200 Czestochowa, Poland;
[email protected] * Correspondence:
[email protected] Abstract: Industry 4.0 and related automation and digitization have a significant impact on compe- tition between companies. They have to deal with the lack of financial resources to apply digital solutions in their businesses. In Slovakia, Industry 4.0 plays an important role, especially in the mechanical engineering industry (MEI). This paper aims to identify the groups of financial ratios that can be used to measure the financial performance of the companies operating in the Slovak MEI. From the whole MEI, we selected the 236 largest non-financial corporations whose ranking we obtained according to the amount of generated revenues in 2017. Using factor analysis, from eleven traditional financial ratios, we extracted four independent factors that measure liquidity (equity to liabilities ratio, quick ratio, debt ratio, net working capital to assets ratio, current ratio), profitability (return on sales, return on investments), indebtedness (financial leverage, debt to equity ratio), and activity (assets turnover, current assets turnover) of the company.