60% of companies are already late paying their bills
pointers Business delinquency They usually provide a fairly accurate picture of the financial condition of the productive fabric. Usually, as the probability of selling goods and services by firms decreases, delays in paying debts and invoices with suppliers or other firms begin to appear.
Although this was not the case with the capitalization of Spanish companies, the latest indicators are beginning to cast certain doubts about the economic viability of many companies, which could also cause an adverse domino effect on Payment chain which ends up dealing with the last straw for thousands of self-employed workers and small businesses, expecting payments which, being essential to the continuation of the business, do not arrive in time.
This could be the next scenario if the trend that started in 2023 is maintained. According to the first figures on the average payment period for suppliers for this year, released yesterday by the Informa D&B research service, the average billing period of Spanish companies rose to 95.5 days In the first quarter of 2023, up 0.38 days from the previous quarter, although still down 1.5 days year-over-year.
According to the “Study of Payment Behavior of Spanish Companies”, the delay period agreed upon by debtors and creditors was slightly reduced to 80 days in the first quarter of 2023, but average delay in payment in respect of that agreed period up to 15.45 daysalmost one day more than in the previous quarter.
In this way, the ratio Payments on schedule It was reduced to 42.5% in the first three months of the year, two percentage points below the figure with which it closed in 2022, while payments in arrears of more than 60 days grew, those with the longest, let’s say 6.1% of the total.
In terms of the amount paid, 28% of the total cash amount of all bills during the term is paid, and 68% with a delay Up to 30 days. The study warns that late payment is a cost 2,974 million Euros for Spanish commercial textile.
More strands to a larger size
However, the distribution of these bills and debt settlement delays is not uniform. Specifically, 48% are microenterprises and 42.7% are small businesses Pay their bills within the deadline agreed in the first quarter of 2023, against 27.5% of averages and 12.7% of the large volume They did. However, the percentage of firms making payments more than 60 days late rose to 8% among microenterprises, compared to 4% for small firms and 3.6% for medium and large firms.
the Small businesses They present in this line mean delay on agreed minimum terms, 12.6 daysIt is followed by the two large averages, which recorded a delay of 13.3 and 15.6 days, respectively. Thus, it was the smaller projects that delayed payments the longest, up to an average of 18.2 days over the agreed-upon period.
With regard to the different sectors, the Administrative It is the one that recorded the highest average payment delay during the agreed term in the first quarter of 2023, with a delay of 28.5 days (2.2 days more than the same dates in 2022), followed by downloadwhich averages 24.1 days subtracting 2.4 from the previous year.
On the contrary, five other sectors, together with the hotel owner, reduce the average delay in payment in the first quarter of the year: energy (-1.54 days), other services (-0.97), health (-0.57), communications (-0.47), and financial intermediation (-0.15). Thus, the regions with the lowest average payment delays were health (15.3 days) and education (15.1 days), followed by commerce (14.1), communications (14.1), extractive industries (12.2), and manufacturing (12.1).