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

Abstract

Abstract: This research paper underscores the relevance of the accommodation and food services sector in the province of Guayas, with the objective of analyzing the impact of cash flow on the probability of business bankruptcy. It seeks to provide tools that support the preservation of financial health and inform strategic sustainability decisions. The analysis is based on financial statements submitted to the Superintendence of Companies, Securities, and Insurance of Ecuador, and relies on a purposive sample of five active companies from Sector I, evaluated over the 2019 2023 period. Key financial indicators such as: liquidity, profitability, and leverage, were examined, along with operating cash flow. Furthermore, the Altman Z-score model was employed as a predictive tool. The results are presented through comparative tables and analytical summaries that allow for an in-depth interpretation of the behavior of key financial variables. This analysis provides an objective foundation for discussing financial implications and offering recommendations aimed at enhancing the sustainability of the sector under review.