Je optimalizace podnikového kapitálu opravdu důležitá? / Is business capital optimization of real importance?

This contribution deals with the optimization of a specific business capital. Theobjective of the contribution is to identify the best method of the capital structureoptimization and to find out whether this optimization is of real importance for thebusinesses. For the purposes of the contribution, the WACC method was chosenand applied on the example of a selected company. This method was selected sincethe company uses both equity and borrowed capital for its business activity. CAPMmodel is a part of the calculation of weighted average costs of capital. The datanecessary for the calculation are obtained from the annual reports of the companypublished on the websites of the Ministry of Industry and Trade and on prof.Damodaran´s websites. The company and its financial health is presented in detailby means of the indicators of profitability, liquidity, and indebtedness. The resultof the weighted average costs of capital for the selected company does not showhigh values. The optimal situation is when the costs of capital are as low as possibleand the companies are able to pay their liabilities. The contribution points out thatthe optimization of the capital structure is of great importance for the companies,also due to unexpected events, such as the current coronavirus pandemic.