Dinámicas de la madurez de la deuda y desempeño financiero en las PYMES ecuatorianas del subsector CIIU K66 - Actividades Auxiliares de las Actividades de Servicios Financieros durante el Periodo, 2018 2022

Abstract

Abstract: This study evaluates the debt maturity structure, leverage, and ROA profitability of SMEs in the CIIU K6619.01 subsector in Ecuador during the 2018-2022 period. Using an analytical and descriptive statistical report based on the database downloaded from the Superintendency of Companies, Securities, and Insurance, key financial patterns that contribute to the asset dynamics and structure of these companies were identified. The study shows a decreasing debt maturity index, capitalizing on a preference for financial flexibility and a decrease in the dependence on long-term financing on debt maturity in medium-sized companies. Furthermore, an increase in leverage was observed, observing a strong relationship between debt and operational growth. These changes are linked to SMEs' adaptation to a volatile economic environment, and their impact on profitability is evidenced by an overall decline in ROA. This analysis provides a different and valuable perspective on how financial and economic strategies are impacting the viability and conditions of SMEs in Ecuador.