2021 Rezime: Sam problem likvidnosti je „evergreen“ tema rasprave na različitim nivoima javnog, društvenog, naučnog, a posebno privrednog života, koja se uvek aktuelizuje u kriznim uslovima poslovanja, koji su danas izraženi, kako kod nas, tako i u svetu. Načelo likvidnosti sadrži osnovu kvalitetnog i uspešnog poslovanja i predstavlja ključ nesmetanog odvijanja procesa proizvodnje i prometa, sa aspekta priliva i odliva novčanih sredstava, pa stoga nije slučajno da se likvidnost poredi sa „pulsom“ koji odražava „zdravlje“ ili „oboljenje“ fi nansija preduzeća. Tradicionalna, statička dimenzija analize likvidnosti utemeljena na obračunskoj računovodstvenoj osnovi i relacijama može da posluži kao upozorenje na opasnost i posledice neracionalog disponiranja novca, ali ne i kao orijentacija za buduće novčane tokove. Moderna, dinamička, dimenzija analize likvidnosti utemeljena na „fi nansijskom mišljenju“ tretira likvidnost ne samo u datom trenutku već u toku odvijanja poslovanja preduzeća i okrenuta je u budućnost; ima se u vidu tretman stvarnih transakcija u prometu gotovine i njenih ekvivalenata (lišenih upotreba metoda procenjivanja vrednosti). Otuda se u praksi upravljanja likvidnosti generišu dileme oko izbora podesnog analitičkog modela, koji bi mogao odgovoriti narastajućim upravljačkim potrebama. Cilj rada je da se istakne kao relevantna integralna primena višedimenzionalih pokazatelja za racionalnu analizu likvidnosti za period od 2017. do 2019. godine. Rezultati istraživanja na primeru izabranih preduzeća i delatnosti iz Republike Srbije pokazuju celishodnost preferiranja višedimenzionalih pokazatelja za meritornu analizu likvidnosti. Abstract: The problem of liquidity itself is an “evergreen” topic of discussion at various levels of public, social, scientifi c, and especially economic life, which is always relevant in the crisis business conditions that are expressed today, both in our country and in the world. The principle of liquidity contains the basis of quality and successful business and is the key to the smooth running of the production and turnover process, from the aspect of cash infl ows and outfl ows, so it is no coincidence that liquidity is compared to “pulse” which refl ects “health” or “disease”. The traditional, static, dimension of liquidity analysis based on accrual accounting basis and relations can serve as a warning of the danger and consequences of irrational disposition of money, but not as an orientation for future cash fl ows. The modern, dynamic, dimension of liquidity analysis based on “fi nancial opinion” treats liquidity not only at a given moment, but in the course of the company’s operations and is future-oriented; the treatment of actual transactions in cash transactions and its equivalents (deprived of the use of valuation methods) is taken into account. Hence, in the practice of liquidity management, dilemmas are generated on the choice of a suitable analytical model, which could respond to management needs. The aim of this paper is to highlight a relevant integral application of multidimensional indicators for rational liquidity analysis for the period from 2017 to 2019. The results of the research on the example of selected companies and activities from the Republic of Serbia show the expediency of preferring multidimensional indicators for meritorious liquidity analysis. Primena višedimenzionalnih pokazatelja za racionalnu analizu likvidnosti privrede Republike Srbije Application of multidimensional indicators for rational analysis of liquidity of the economy of the Republic of Serbia application/pdf 548286 bytes Cavlin, Miroslav Vapa-Tankosić, Jelena https://unilib.phaidrabg.rs/o:5780 ISSN: 2233-1131 http://creativecommons.org/licenses/by/4.0/legalcode info:eu-repo/semantics/article srp eng Ključne reči: likvidnost, zaduženost, solventnost, Srbija. Keywords: liquidity, indebtedness, solvency, Serbia. Financing number: 2 startpage: 35 endpage: 51