Analysis Of Financial Autonomy And Indebtedness Of Medical Diagnostic Consultative Centers In Varna

om year 2008 to year 2014. In the study are calculated and compared indicators of autonomy and indebtedness, and the relative shares of equity, liabilities and funding in the total capital of the studied hospitals for the analyzed periods. The following important conclusions have been made: 1) half of the analyzed municipal DCCs, 3 out of total 6 (DCC 3, 4 and 5) can be classified as financially independent (the share of attracted capital is around or below 30%), with low level of indebtedness (on average less than 0.6), which indicates a good financial stability of these hospitals. Financially stable is one private DCC, encoded under number 8; 2) two municipal DCC's, analyzed under number 1 and 2, and DCC 7 (a subsidiary of state-run hospital) have a relative share of the borrowed capital around and slightly over 60%, and high level of indebtedness - over 1.4 (calculated by method 1) and over 3 (calculated by method 2), suggesting that these hospitals are not financially stable and are dependent on creditors; 3) The analyzed indicators of the municipal DCC, encoded under number 6, and private DCC, encoded under number 9 show that these hospitals are highly financially dependent on creditors with impaired solvency and there is a real risk of insolvency; 4) The amount of the allowances that are associated with the obligations may affect the value of financial ratios of the DCCs, as is the case of DCC 7; 5) when analyzing the capital structure and long-term solvency should be taken into consideration the impact of funding to reduce the financial risk 6) The creation of an online database comprising of average indicators of the financial and property status of Bulgarian companies is essential and necessary condition for improving their competitiveness by providing reliable, accurate and usable information for comparison.