MADRID, 8 Dic. (EUROPA PRESS) -

25% of the Spanish business fabric shows liquidity ratios of less than one, according to the study carried out by Iberinform, the subsidiary of Crédito y Caución, which has analyzed the average liquidity ratio of a sample of more than 230,000 Spanish companies based on to their annual accounts of the last three years deposited in the Mercantile Registry.

The study highlights that these ratios are low despite the extraordinary financial support provided to companies as a result of the pandemic and implies that the business is facing payment difficulties since its short-term debts exceed the assets and rights available to deal with them.

By sectors of the economy, companies in the manufacturing industry (1.78) are the ones with the greatest liquidity, followed by communications (1.75) and extractive industries (1.74). The worst liquidity ratios are in the hospitality industry (1.21) and agriculture, livestock and fishing (1.45).

Regarding the autonomous communities and according to the Iberinform study, the highest average liquidity ratios are registered in Melilla (2.07), Navarra (1.80), the Basque Country (1.77), La Rioja ( 1.76) and Catalonia (1.72), while the lowest liquidity ratios are found in Andalusia (1.49), Madrid (1.54), Castilla-La Mancha (1.54) and Extremadura (1. 57).