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

Abstract

Abstract: In recent years, manufacturing industries have faced difficulties in maintaining adequate levels of liquidity and solvency. Given this context, the purpose of this research was to analyze the impact of cash flow on the probability of bankruptcy of companies in sector C of the province of Manabí during the periods 2019 2023. Using a quantitative methodology, analytical and with a non-experimental design and correlational approach, the financial statements of five manufacturing companies and their liquidity financial indicators were analyzed, profitability, indebtedness, and operational efficiency were analyzed, complemented by the Z-Score model. As a result, it was evident that liquidity largely stems from operating cash flow, while investment and financing flows were only partially affected. Although the correlation between liquidity and risk was not significant, it was determined that proper financial management, especially operational flow, contributes to reducing the risk of insolvency.