Analysis of Insolvency Risk in Manufacturing Companies: A Comparative Study of Financial Indicators.
DOI:
https://doi.org/10.59282/reincisol.V3(6)539-562Keywords:
insolvency; manufacturing companies; financial indicators; risk; financial sustainability.Abstract
The article investigates insolvency in manufacturing companies, highlighting the lack of clarity regarding the financial indicators that predict this risk. The objective is to identify and analyze key financial indicators that can predict insolvency in these companies by comparing financial data from various entities in the sector. The methodology combines extensive searches in databases such as Scopus and the use of Bibliometrix software in R for bibliometric analysis, limiting the study range to 2020-2024 and focusing on relevant and current articles.The results revealed that the debt-equity ratio (DT), the debt-enterprise value ratio (D/E), and the debt-cash flow ratio (D/FC) are key indicators for predicting insolvency. High values in these indicators suggest a greater risk of insolvency due to high debt dependence and difficulties in generating sufficient cash flow. In conclusion, these financial indicators are essential for assessing and managing the risk of insolvency in manufacturing companies. Monitoring and managing these indicators can help take preventive measures, improving operational efficiency and long-term financial sustainability through strategies such as debt restructuring and income diversification.
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Copyright (c) 2024 María del Carmen Jardón Gallegos, Eber Jardiel Pérez Zúñiga, Bertha Jeaneth Sánchez Herrera, Miguel Ángel Guallpa Calva
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