This paper deals with the management of short-term liabilities, ie the most common and most significant options for short-term external financing of companies are presented (trade credit, commercial papers, bank unsecured loans, and secured loans (with collateral, receivables financing, factoring, or inventory financing). When choosing a short-term source of financing, the manager must consider the cost of financing sources as well as the impact of short-term financing on the solvency and profitability of the company and choose the optimal combination of short-term sources in terms of economy, solvency, and profitability. The advantages of short-term financing are the simplicity of the procedure and the lower cost of capital, while the disadvantages are the increased risk of their application, ie the risk of changes in interest rates. The decision to select the optimal short-term source of financing will depend on several preconditions, so financial managers face an extremely complex and difficult task. Analysis of the financial statements of Trgopromet d.o.o. through 3 groups of indicators indicates that its liquidity is satisfactory and tends to increase. From the economic indicators that are higher than 1, a satisfactory state of the economy can be seen. Profitability indicators also indicate a satisfactory situation, both in terms of return on equity and in terms of the net and gross profit margins.