The amount of enterprises, which are undergoing bankruptcy, is increasing around the world. Therefore, the problem of financial condition and bankruptcy risk assessment of companies are quite topical. By comparing actual indicators and standard values, the financial condition of companies can be evaluated. Bankruptcy prediction is important to the various stakeholders of the company as well as the society on the whole. The purpose of the research is to study financial condition and the suitability of major bankruptcy prediction model by applying them to companies in Uzbekistan. The research shall analyze the financial statements and market data of the companies by using Enyi’s model of relative solvency.