The methods of evaluation of enterprise`s financial stability are being researched in this paper, including set finance ratios, insolvency models, evaluation of financial risks. The main focus in analysis of universally recognized insolvency models is set to the possibility of application of these models in conditions of Economy of Latvia.The financial stability analysis results of last three years time period of a specific printing and publishing material wholesale company are depicted in paper, using D. Duran`s financial stability evaluation methodology, R. Shorin`s and I. Voronova`s insolvency models M. Ginsburg`s of tri-factor model, R. Saifulin`s and G. Kadikov`s five-factor model. The dynamics of enterprise`s financial stability risk evaluation is depicted. Suggestions for ensuring the financial stability to specific enterprise are given as well as the general suggestions for Latvian enterprises