Incidencia del cash-flow en la probabilidad de quiebra en las empresas del sector G, de la provincia Manabi de Ecuador, períodos 2019 - 2023

Abstract

Abstract: This study focuses on analyzing the impact of Cash Flow on the probability of bankruptcy in five companies in the G sector of the Manabí province during the period 2019 to 2023. The aim was to identify how cash management affects financial stability and business risk. The research process employed a quantitative approach, utilizing secondary data published by the Superintendency of Companies, Securities and Insurance of Ecuador. This allowed for the evaluation of Cash Flow, key indicators, and the application of Atlman's Z model. The results showed that companies with adequate working capital management and a more balanced financial structure maintain stable operating Cash Flows and a low risk of insolvency, while those with limited liquidity, high dependence on external debt, and reduced operational efficiency exhibit greater vulnerability and a high probability of bankruptcy. The study concludes that Cash Flow is an important tool for anticipating and guiding strategic decisions and strengthening the long-term viability of businesses.